Market update Fox Valley week 33

Posted on August 15, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 33

Market update Fox Valley week 33. New listings of single family homes were down this week. 264 this week compared to 279 the week before. We are not heading in the right direction. Inventory is extremely low already. We need to increase new listings to meet buyer demand. Interest rates are fantastic right now so if you want to get a larger home or maybe now is the time to downsize it is a great time to do that.

Closed listings were almost the same. 340 this week compared to 338 the week before. We increased by 2. Closed homes will increase as we head into the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 37 $110,000-$565,000

Closed-48 $84,000-$539,000

Batavia-New 9 $315,000-$519,900

Closed-12 $218,900-$528,000

Bolingbrook-New 13 $212,500-$399,900

Closed-22 $172,000-$444,900

Geneva-New 17 $234,000-$650,000

Closed-11 $200,500-$722,500

Montgomery-New 7 $184,900-$339,900

Closed-17 $109,900-$317,000

Naperville-New 59 $299,900-$1,790,000

Closed-49 $290,000-$1,250,000

Oswego-New 14 $149,000-$519,900

Closed-22 $197,500-$448,066

Plainfield-New 21 $221,900-$439,900

Closed-54 $157,000-$493,000

St Charles/Campton Hills-

New 21 $164,900-$1,050,000

Closed-25 $168,000-$1,200,000

West Chicago-New 9 $199,000-$549,900

Closed-10 $140,000-$495,000

Yorkville-New 5 $229,000-$312,788

Closed-14 $230,000-$575,000

Contracts accepted this week

Aurora-48 Bolingbrook-23

Geneva-19 Montgomery-14

Naperville-60 North Aurora-12

Oswego-17 Plainfield-44

St Charles/Campton Hills West Chicago-13

Yorkville-14

3 short sales were accepted this week. All 3 were in Plainfield. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 10 with a kick-out clause of 72 hours, 17 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,417 1,453 1,852

August 543 678 734

Totals 8,750 6,637 9,300

Closed listings is the main one to concentrate on for what the market did so far this year. New listings can be canceled and relisted. Contracts accepted doesn’t mean they will close. It means that buyers thought the home fit their needs and negotiated an offer that was accepted. Sometimes they don’t make it past home inspection and attorney review. They might of accepted another contract with other buyers. That is why that number is larger than new listings. Some buyers found another home others did not.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

It is still a great time to sell! Let us update the value of your home for today’s market. We will provide you with a net proceeds that shows you the expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms.

If you are wanting to buy a home you need to get your documents in order and call a loan officer to get pre-qualified. They will give you a letter showing what you qualify for and what type of loan that works out best for you. We will attach this letter to an offer when you find a home.

Take a look at some great resources:

Let us know what communities you are wanting to look at. We can set you up to receive listings as they hit the market so you don’t miss out on a thing. You need to be ready to go when they hit the market because they do not stay on the market long right now unless they are priced too high.

Market update Fox Valley week 33. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Sign me up to receive listings here

Market update Fox Valley week 32

Posted on August 8, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 32

Market update Fox Valley week 32. New listings were consistent this week with the week before. 270 this week compared to 284 the week before. We love consistency but not with new listings right now. We need to drastically increase new listings. Inventory is extremely low. Now is a great time to get your home on the market.

Closed listings are down slightly over 24% this week. 338 closed single family homes this week compared to 445 the week before. That is the difference between the end of the month and the beginning. Most buyers want to close at the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 32 $135,000-$425,000

Closed-43 $92,412-$703,000

Bolingbrook-New 19 $225,000-$579,900

Closed-22 $150,000-$450,000

Geneva-New 16 $259,000-$649,900

Closed-10 $235,000-$459,000

Montgomery-New 13 $194,900-$305,000

Closed-10 $109,900-$285,000

Naperville-New 55 $250,000-$1,349,900

Closed-69 $235,000-$1,300,000

Oswego-New 10 $275,000-$1,375,000

Closed-21 $123,000-$509,961

Plainfield-New 27 $165,000-$499,000

Closed-50 $105,000-$800,000

St Charles/Campton Hills-

New-24 $219,900-$870,000

Closed-18 $200,000-$950,000

West Chicago-New 10 $159,900-$375,000

Closed-9 $179,900-$464,000

Yorkville-New 14 $105,000-$699,900

Closed-13 $245,000-$555,000

Price ranges might help you decide what communities to look in.

Contracts accepted this week

Contracts accepted this week were up 11.30% from the week before. 384 this week compared to 345 the week before. Buyers are still trying to find a home. We need more homes on the market to show.

Look at the communities sellers accepted the most contracts:

Aurora-49 Batavia-10

Bolingbrook-24 Elburn-12

Geneva-19 Naperville-67

Oswego-14 Plainfield-53

Plano-11 St Charles/Campton Hills-37

West Chicago-15 Yorkville-16

7 short sales were accepted by sellers this week. 2 in Aurora and Plano. 1 each in Oswego, Plainfield and Sycamore. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 12 with a kick-out clause of 72 hours, 21 with 48 hours and 7 with 24 hours.

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,417 1,614 1,852

August 279 338 384

Total 8,486 6,458 8,950

July is the best month so far for this year. Check back with us every Saturday for an update. At the end of the month we will compare to 2019 and 2018 so you can see the changes from year to year.

Contact us

Call us at 630-503-6555 for all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you know where you are at. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to talk to a loan officer and have your documents ready. They will let you know what type of loan and what price range works out best for you. A letter will be emailed to you showing what you qualify for. This will go with an offer when you find the home you like.

Check out some great resources:

You might be downsizing or wanting a larger home. Looking for a different school district. Family member might have passed and you need to sell their home. Whatever the reason you are wanting to buy or sell we are here to help guide you through the process.

Market update Fox Valley week 32. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 31

Posted on August 1, 2020August 1, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 31

Market update Fox Valley week 31. New listings were almost identical to the week before. 284 New listings of single family homes this week compared to 285 the week before. We wish there were more. Inventory continues to be extremely low. So many people have been focusing on school whether they will send them back or stay remote. Many schools are starting to make that choice for them and remain remote.

Closed listings this week were up a little over 57%. 445 single family homes closed this week compared to 282 the week before. The end of the month is when most buyers want to close.

Take a look at the communities with the most activity this week:

Aurora-New 40 $139,900-$799,900

Closed-61 $145,000-$590,000

Batavia-New 8 $311,000-$1,375,000

Closed-13 $195,000-$805,000

Bolingbrook-New 12 $199,900-$485,000

Closed-24 $169,000-$485,027

Elburn-New 9 $275,000-$599,900

Closed-10 $260,000-$920,600

Geneva-New 15 $229,900-$725,000

Closed-18 $224,000-$646,605

Montgomery-New 6 $195,000-$354,020

Closed-11 $164,000-$270,000

Naperville-New 61 $269,900-$2,100,000

Closed-86 $260,500-$1,220,000

North Aurora-New 3 $300,000-$385,000

Closed-13 $197,000-$412,000

Oswego-New 23 $195,000-$1,749,000

Closed-38 $225,000-$665,000

Plainfield-New 27 $229,000-$599,000

Closed-55 $207,000-$609,000

St Charles/Campton Hills-

New-26 $160,000-$1,229,000

Closed-33 $205,000-$665,000

West Chicago-New 5 $398,700-$595,000

Closed-17 $181,000-$409,900

Yorkville-New 15 $259,900-$479,500

Closed-13 $185,000-$590,000

Contracts accepted this week

Contracts accepted this week were 28 single family homes lower. 345 this week compared to 373 the week before. That is still pretty good considering new listings have gone down now 2 weeks in a row.

Look at the communities sellers accepted the most contracts:

Aurora-42 Batavia-11

Bolingbrook-32 Geneva-16

Montgomery-12 Naperville-67

Oswego-22 Plainfield-38

St Charles/Campton Hills-20 West Chicago-12

2 short sales were accepted by sellers this week. 1 each in Aurora and Minooka. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 11 with a kick-out clause of 72 hours, 20 wit 48 hours and 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 4 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,417 1,614 1,852

Totals 8,207 6,120 8,566

July has been the best month so far for 2020. Interest rates are extremely low right now so it makes it a great time to buy a home. Closed homes are always what you want to look at. New listings can be canceled or expired and relisted. Contracts accepted can also change to reactivated and then contract pending again.

I usually compare to the last couple of years at the end of each month but I did that last week I should of waited until this week. Last week it showed that we are going down in all the numbers. Low inventory is the main factor. It has been frustrating for buyers competing with other buyers on a home because there just is not enough homes on the market for the amount of people that want to buy. Instead of buying a resale home you might want to think about new construction. We can also help you with that. Let us know what community you are looking for and we can tell you about new construction in that area.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

We keep saying it is a great time to sell your home and it still is. Continued low inventory and extremely low interest rates makes it a good time to sell. Buyers are out there looking in all price ranges. Let us update the value of your home in today’s market and provide you with a net proceeds that shows your expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified. They will provide you with a letter that shows the type of loan and price range that you qualify for. We will send this letter with an offer when you find the home you like.

Check out some great resources:

Covid-19 has changed a few things with buying and selling a home. There are 3-D scans, virtual tours or live video showings if you are not comfortable with a lot of people walking through your home. Home inspections can be done with only the inspector there to cut down on people in the home. You can direct us on how you want your home shown.

We can do video meetings to explain things to you and answer all your questions. Documents can be signed remotely with docusign. Some title companies are doing remote closings. Other ones are having the sellers sign documents ahead of the closing day and only buyers and their attorney are there the day of closing. Let us know what your comfort level is.

Market update Fox Valley week 31. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 30

Posted on July 25, 2020July 25, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 30

Market update Fox Valley week 30. New listings of single family homes are up 10.89%. 285 new listings this week compare to 257 the week before At least we are going in the right direction.

Closed listings of single family homes were down 11.88%. 282 closed this week compared to 320 the week before. That is unusual. They usually go up as we head into the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 34 $109,900-$499,900

Closed-32 $87,500-$485,000

Batavia-New 13 $215,000-$1,205,000

Closed-14 $185,000-$595,000

Bolingbrook-New 19 $174,900-$599,900

Closed-21 $160,000-$380,000

Geneva-New 11 $264,900-$1,089,000

Closed-15 $264,900-$1,450,000

Naperville-New 61 $249,900-$2,250,000

Closed-42 $230,000-$1,500,000

North Aurora-New 14 $220,000-$524,900

Closed-7 $215,000-$436,500

Oswego-New 10 $205,000-$1,000,000

Closed-19 $160,500-$649,900

Plainfield-New 29 $225,000-$499,900

Closed-46 $170,000-$830,000

St Charles/Campton Hills-

New-25 $196,000-$995,000

Closed-18 $230,000-$665,600

West Chicago-New 10 $189,900-$1,750,000

Closed-6 $85,000-$430,000

Yorkville-New 10 $223,000-$698,900

Closed-10 $239,900-$479,500

Contracts accepted this week

Contracts accepted this week were down 7.44%. 373 contracts accepted on single family homes compared to 403 the week before.

Look at the communities seller’s accepted the most contracts:

Aurora-51 Batavia-10

Bolingbrook-18 Geneva-23

Montgomery-18 Naperville-60

North Aurora-13 Oswego-19

Plainfield-46 St Charles/Campton Hills-19

West Chicago-18 Yorkville-18

5 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, Hinckley, North Aurora and Oswego. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 13 with a kick-out clause of 72 hours, 18 with 48 hours and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 72 hours and 10 with 48 hours.

2020 by the month and a look back at 2019 and 2018

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,133 1,169 1,507

Totals 7,923 5,675 8,221

2019

January 878 407 568

February 1,032 463 832

March 1,731 915 1,375

April 1,594 792 1,307

May 1,645 995 1,280

June 1,643 1,253 1,218

July 1,423 1,008 1,090

Totals 9,946 5,833 7,670

2018

January 808 489 606

February 1,040 444 856

March 1,549 907 1,564

April 1,515 836 1,278

May 1,569 1,066 1,344

June 1,828 1,720 1,474

July 1,318 994 1,061

Totals 9,627 6,456 8,183

You can see homes closed have been declining over the years also the homes available to sell. Homes available to sell is the biggest factor here. Low inventory has been a problem even before 2018. Buyer’s are wanting to buy but they just can’t find the home they need. This has increased pricing of the homes that are available to sell. Supply and demand. If you have thought about selling now is the time so you will not have as much competition.

Contact us

Call us at 630-503-6555 with your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified first. They will give you a letter showing what type of loan and the price that will work out best for you. We need to attach the letter with an offer when you find the right home so they seller can see that you qualify for their home.

Check out some great resources:

Check to see if you can get some down payment assistance so you can use the money you have to paint or buy furniture for the new home. It will also save you from asking the seller to help you with closing costs.

People are changing some of their criteria for a home with the pandemic. Some are wanting space to work from home or a bigger yard for the kids. There is so much talk about going back to school. Some are happy with what their school is deciding and others are not happy. I can see some might want to move to a different school district that has more to offer or different choices. Some are talking about home schooling. They might need more space.

We do need to increase inventory so buyer’s have something to look at.

Market update Fox Valley week 30. Have a great week! Check back with us next week for the update or give a call.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 29

Posted on July 18, 2020July 18, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 29

Market update Fox Valley week 29. New listings of single family homes are down 17.89% this week. 257 this week compared to 313 the week before. We are going in the wrong directions. Inventory is extremely low already. July usually is a slower month with people going on vacation. This year so far has not been normal and I was hoping people would continue to put their homes on the market even in July. If you are thinking about selling this year do not pass up this great time to sell.

Closed listings of single family homes increased by 60.80% this week.320 this week compared to 199 the week before. We are getting closer to the end of the month when most buyers want to close so they should continue to increase.

Take a look at the communities with the most activity this week:

Aurora-New 34 $67,000-$750,000

Closed-33 $97,938-$385,000

Batavia-New $215,000-$729,000

Closed-10 $275,000-$722,202

Bolingbrook-New 7 $179,853-$409,900

Closed-27 $197,000-$405,000

Geneva-New 16 $275,000-$2,200,000

Closed-12 $347,500-$1,145,000

Montgomery-New 8 $109,900-$285,000

Closed-15 $80,000-$319,900

Naperville-New 64 $267,800-$2,449,000

Closed-65 $298,000-$2,100,000

Oswego-New 9 $254,900-$564,900

Closed-25 $82,500-$625,000

Plainfield-New 25 $214,900-$599,000

Closed-42 $170,000-$460,000

St Charles/Campton Hills-

New 21 $230,000-$1,890,000

Closed-19 $246,000-$1,225,000

West Chicago-New 13 $175,000-$449,500

Closed-8 $145,000-$395,000

Yorkville-New 9 $189,900-$424,900

Closed-12 $115,000-$510,000

Contracts accepted this week

Contracts accepted this week are up 18.18%. 403 this week compared to 341 the week before. These numbers would be even higher if more listings were on the market.

Take a look at the communities that seller’s accepted the most contracts:

Aurora-59 Bolingbrook-29

Geneva-13 Montgomery-21

Naperville-72 Oswego-17

Plainfield-49 St Chalres/Campton Hills-29

Sycamore-16 West Chicago-14

Yorkville-17

3 short sales were accepted by seller’s this week. 1 each in Aurora, Montgomery and West Chicago. They will now be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer’s closing on their current home. 17 with a kick-out clause of 72 hours, 19 with 48 hours and 3 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer’s selling and closing on their current home. 3 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Seller’s feel confident with the market,

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 848 887 1,134

Totals 7,638 5,393 7,848

Check back with us every Saturday for the market update Fox Valley. At the end of each month we will compare 2020 to 2019 and 2018 so you can see how things compare.

Contact us

Call us at 630-503-6555 for all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Thinking about selling this year? Now is the best time to sell. Let us update the current value of your home and provide you with a net proceeds. This shows you an estimate of expenses to sell so you can see where you are at. We will update this when an offer comes in and we know all the terms.

If you are thinking about buying or if the end of your lease is coming up, contact a loan officer to see if you are ready to buy a home. They will provide you with a letter that shows what type of loan and the price that will work out best for you. This letter will go with an offer when you find the right home.

Check out some great resources:

We will guide you through the process and can give you recommendations for a real estate attorney, home inspectors and loan officers.

Market update Fox Valley week 29. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley week 28

Posted on July 11, 2020July 11, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 28

Market update Fox Valley week 28. The market is still hot! New listings of single family homes were up 12.59%. 313 this week compared to 278 the week before. If more home were on the market it would be even hotter. Inventory is so low. Now is the time to sell. Covid-19 has not slowed down the market. I think it has increased the market. Buyers are looking for a home with office space and more room with a bigger yard.

Closed single family homes were down 45.92%. 199 this week compared to 368 the week before. This is the first full week of July so this is to be expected. Most buyer’s want to close at the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 37 $132,900-$582,000

Closed-28 $116,800-$483,000

Bolingbrook-New 13 $199,900-$389,900

Closed-16 $144,000-$498,030

Geneva-New 12 $265,000-$1,495,000

Closed-8 $295,000-$422,000

Montgomery-New 15 $144,000-$301,900

Closed-12 $180,000-$296,900

Naperville-New 59 $300,000-$1,350,000

Closed-28 $282,000-$755,000

North Aurora-New 10 $249,999-$429,900

Closed-4 $266,000-$335,982

Oswego-New 17 $259,900-$450,000

Closed-11 $229,000-$520,000

Plainfield-New 38 $209,000-$795,000

Closed-23 $160,000-$540,000

Plano-New 10 $179,000-$349,000

Closed-6 $183,000-$225,000

St Charles/Campton Hills-

New-31 $150,000-$2,195,000

Closed-10 $165,500-$800,000

Sugar Grove-New 10 $225,000-$849,900

Closed-2 $264,000-$275,000

Yorkville-New 19 $195,000-$339,900

Closed-11 $197,500-$447,500

Contracts accepted this week

Contracts accepted this week were down 12.56%. 341 this week compared to 390 the week before. This is due to low inventory. If there were more homes on the market these numbers would go up. During the week of the 4th new listings were down. Hopefully more homes will come on the market now that we are past the holiday. We hope they spent the week getting their home ready for market.

Look at the communities that seller’s accepted the most contracts this week:

Aurora-37 Bolingbrook-16

Elburn-11 Geneva-10

Montgomery-12 Naperville-70

Oswego-18 Plainfield-46

St Charles/Campton Hills-29 West Chicago-16

Yorkville-15

Only 1 short sale was accepted by seller’s this week. It was a home in Sandwich. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 14 with a kick-out clause of 72 hours, 16 with 48 hours and 5 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours. There was 1 that did not have information other than it was contingent on the sale and close of the buyer’s home.

2020 by the month

Month New Closed Contracts accepted

Janauary 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 591 567 731

Totals 7,381 5,073 7,445

Check back with us every Saturday for the market update Fox Valley. At the end of each month we will also compare to 2019 and 2018 so you can see the changes over the current year with the other 2 years.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Thinking about selling your home this year? Now is the best time! If you are concerned about showing your home there is options. There is virtual showings with video or a photographer can do a 3D scan of your home. Would you like to see an example of that just let us know. You can set the instructions for showings. We can update the current value of your home and provide you with a net proceeds that shows you an estimate of expenses. This will be updated when an offer comes in and we know all the terms.

Are you wanting to buy a home? Your first step is to talk to a loan officer that will tell you the price range and the type of loan that will work out best for your situation. They will give you a letter showing what you qualify for that will go with an offer when you find the right home.

Check out some great resources:

We are here to guide you through the process from beginning until you get to closing.

Market update Fox Valley week 28. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley week 27

Posted on July 4, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 27

Market update Fox Valley week 27. New listings of single family homes was 5.76% lower this week. 278 last week compared to 295 the

week before. Hope people are waiting until after the holiday to put their home on the market. Inventory continues to remain extremely low.

Closed listings were 48.39% higher. 368 last week compared to 248 the week before. Monday and Tuesday were the last 2 days of the month of June. A lot of them might of closed in those 2 days. Most buyers want to close at the end of the month.

Take a look a the communities with the most activity this week:

Aurora-New 36 $141,000-$415,980

Closed-40 $90,000-$525,000

Batavia-New 4 $195,000-$394,900

Closed-15 $284,400-$712,590

Bolingbrook-New 17 $189,900-$879,000

Closed-21 $163,500-$399,000

Elburn-New 3 $179,000-$354,000

Closed-11 $225,000-$380,000

Geneva-New 14 $274,900-$649,900

Closed-17 $250,000-$875,000

Montgomery-New 11 $180,000-$299,750

Closed-12 $187,000-$300,000

Naperville-New 66 $259,900-$1,975,000

Closed-61 $269,000-$1,825,000

North Aurora-New 5 $189,000-$525,000

Closed-10 $187,000-$395,000

Oswego-New 16 $219,000-$2,200,000

Closed-22 $225,000-$456,000

Plainfield-New 35 $124,900-$729,675

Closed-50 $165,000-$485,000

St Charles/Campton Hills-

New 20 $299,900-$1,000,000

Closed-26 $166,500-$1,232,628

Sycamore-New 3 $242,500-$549,900

Closed-10 $181,500-$425,000

West Chicago-New 10 $160,000-$499,000

Closed-10 $200,000-$620,000

Yorkville-New 10 $224,900-$460,000

Closed-12 $223,500-$462,500

Contracts accepted this week

Contracts accepted this week were very consistent with the week before. 390 this last week compared to 383 the week before. A difference of 7. That is consistent! Your home could be next. We need to get it on the market.

Look at the communities that sellers accepted the most contracts:

Aurora-52 Batavia-15

Bolingbrook-20 Geneva-19

Montgomery-11 Naperville-69

Oswego-20 Plainfield-56

St Charles/Campton Hills-29 Sycamore-10

West Chicago-12 Yorkville-19

2 short sales were accepted by sellers this week. 1 each in Warrenville and Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 14 with a kick-out clause of 72 hours, 20 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Market update 2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 278 368 390

Totals 7,068 4,874 7,104

Check back with us every Saturday. The end of the month we will compare this year to 2019 and 2018 so you can see how things are going.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Thinking about selling this year? Now is the best time. Buyers are waiting for homes to come on the market to see. Inventory is extremely low. Let us update the value of your home for today’s market. We will provide you with a net proceeds that shows you the expenses to sell and an estimate of what you will walk away with. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to contact a loan officer to get pre-qualified. If you need recommendations let us know. They will let you know what type of loan and the price range that will work out best for you. Provide you with a letter that needs to go with an offer when you find the right home.

Check out some great resources:

Market update Fox Valley week 27. Have a great week. Happy 4th of July! Have fun and stay safe and healthy.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley week 26

Posted on June 27, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 26

Market update Fox Valley week 26. New listings came in just under the week before. 295 new listings of single family homes this week compared to 308 the week before. Down by 4.22%. We need to get more new listings not less. Inventory is very low.

Closed listings were up 18.66%. 248 closed listings of single family homes compared to 209 the week before. The end of the month is usually when you see the highest numbers when most buyers want to close. Closer to the end of the month buyers come in with less money for interest for the month. Closing costs can add up so saving this amount helps them get into the home.

Take a look at the communities with the most activity this week:

Aurora-New 38 $124,900-$775,000

Closed-26 $90,000-$425,000

Batavia-New 9 $234,900-$495,000

Closed-13 $264,000-$725,000

Bolingbrook-New 8 $199,900-$489,000

Closed-16 $173,000-$390,000

Geneva-New 13 $319,900-$575,000

Closed-7 $265,287-$510,000

Montgomery-New 7 $249,900-$343,565

Closed-17 $146,300-$273,000

Naperville-New 70 $297,000-$2,399,500

Closed-44 $242,500-$4,750,000

Oswego-New 10 $249,900-$429,900

Closed-11 $223,000-$415,000

Plainfield-New 40 $171,900-$519,000

Closed-24 $225,000-$445,000

St Charles/Campton Hills-

New-17 $139,9000-$2,000,000

Closed-26 $170,000-$748,500

West Chicago-New 10 $175,000-$491,028

Closed-10 $208,000-$435,000

Yorkville-New 29 $214,900-$489,000

Closed-9 $240,000-$536,500

Contracts accepted on single family homes

Contracts accepted on single family homes were down 4.49%. 383 accepted this week compared to 401 the week before. More inventory will help to bring these numbers up. There just is not enough homes for sale for the amount of buyers that are trying to find a home. Interest rates are fantastic!

Look at the communities that sellers accepted the most contracts:

Aurora-57 Batavia-13

Bolingbrook-27 Montgomery-16

Naperville-83 Oswego-22

Plainfield-47 St Charles/Campton Hills-22

Sugar Grove-10 West Chicago-11

Yorkville-11

Only 2 short sales were accepted this week. 1 each in Oswego and Plano. We hope these numbers do not increase with people out of work due to the pandemic.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 21 with a kick-out clause of 72 ours, 18 with 48 hours and 9 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home. 4 with a kick-out clause of 72 hours, 3 with 48 ours and 1 with 24 hours.

2020 by the month and a look back at 2019 and 2018

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

Totals 6,790 4,506 6,714

2019

January 878 407 568

February 1,032 463 832

March 1,173 915 1,375

April 1,594 792 1,307

May 1,645 995 1,280

June 1,643 1,253 1,218

Totals 7,965 4,825 6,580

2018

January 808 489 606

February 1,040 444 856

March 1,549 907 1,564

April 1,515 836 1,278

May 1,569 1,066 1,344

June 1,828 1,720 1,474

Totals 8,309 5,462 7,122

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Thinking about selling your home this year? Now is the time to get it on the market when buyers are out there looking while interest rates are fantastic. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home the first thing you need to do is call a loan officer. Have your income taxes available, check stubs, bank statements and any car loans or other monthly payments handy. They will let you know what else you need then keep it in a folder so you have it handy in case they request it again. If you need recommendations we would be happy to give you a few to contact so you can decide who you would like to work with. They will give you a letter showing what price and what type of loan will work out best for you. This will go with an offer when you find the right home.

Check out some great resources:

Market update Fox Valley week 26. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley week 24

Posted on June 13, 2020June 13, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 24

Market update Fox Valley week 24. We are getting closer to the halfway point of the year. Now is a great time to sell! Homes are moving pretty quickly if they are in good condition and priced right. Inventory remains low so if you are thinking about selling contact us.

Closed listings this week were down 11.29%. 212 closed this week compared to 239 the week before. These numbers should increase as we get closer to the end of the month when most buyer’s want to close.

Take a look at the communities with the most activity this week:

Aurora-New 31 $95,000-$399,900

Closed-24 $94,094-$462,000

Batavia-New 10 $218,900-$450,000

Closed-9 $196,000-$457,000

Bolingbrook-New 15 $194,900-$430,894

Closed-9 $205,000-$390,000

Geneva-New 22 $319,900-$1,400,000

Closed-13 $150,000-$415,000

Montgomery-New 10 $118,000-$319,000

Closed-10 $125,000-$270,000

Naperville-New 79 $249,900-$1,485,000

Closed-31 $245,000-$860,000

Oswego-New 17 $160,000-$393,500

Closed-15 $215,000-$509,000

Plainfield-New 35 $190,000-$575,000

Closed-27 $177,000-$480,000

St Charles/Campton Hills-

New 27 $210,000-$2,200,000

Closed-19 $231,000-$700,000

If any of these communities interest you and you want to receive listings let us know which community and price range here.

Contracts accepted this week

Contracts accepted this week were up 8.34%. 390 listings of single family homes this week compared to 360 the week before. With only 303 new listings this week that really puts us down with inventory. We need new listings!

Not all of these homes that went under contract will close. Some of them will not make it passed the attorney review and home inspection period. It doesn’t always mean there is something wrong. Sometimes negotiations stall here.

Look at the communities seller’s accepted the most contracts:

Aurora-48 Batavia-13

Bolingbrook-36 Geneva-26

Minooka-11 Montgomery-17

Naperville-57 Oswego-21

Plainfield-40 Plano-13

St Charles/Campton Hills-27 Sycamore-10

West Chicago-10 Yorkville-17

2 sort sales were accepted this week. 1 each in Bolingbrook and West Chicago. Now they will go to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 13 with a kick-out clause of 72 hours, 28 with 48 hours and 4 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours, 10 with 48 hours and 1 with 24 hours.

These seller’s have confidence in the market that they will still close with these contingencies.

Market update 2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,352 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 629 451 750

Totals 6,982 4,049 5,930

Check back with us each Saturday. At the end of the month we will also post the last couple of years so you can see the difference from year to year.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

We can update the value of your home in the current market and let you know what you need to do to get your home ready to sell. Provide you with a net proceeds that shows you the expenses to sell so you know where you are at. This will be updated when an offer comes in and we know all the terms.

Now is a great time to buy with interest rates so low! Call a loan officer to get pre-qualified so you know what type of loan and what price range works out best for you. We can make recommendations if you do not know who to call.

Check out some great resources:

Market update Fox Valley week 24. Have a great week!

Market update Fox Valley June 6 2020 — Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley June 6 2020

Posted on June 6, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley June 6 2020

Market update Fox Valley June 6 2020. New listings of single family homes were up a little over 30% percent this week. 326 this week compared to 250 the week before. That is fantastic. We have to continue with this trend. Inventory has been so low and the buyers are out there waiting to find the right home.

Closings this week were also up 12.74%. 239 closings of single family homes this week compared to 212 the week before. Usually the first week of the month the numbers are down. Appraisals have been slow to get done so I think a lot of these were delayed closings.

Take a look at the communities with the most activity this week:

Aurora-New 34 $125,000-$899,900

Closed-33 $154,500-$550,000

Batavia-New 14 $195,000-$719,900

Closed-7 $325,000-$635,277

Bolingbrook-New 23 $189,900-$696,300

Closed-17 $185,000-$725,000

Geneva-New 16 $299,900-$849,900

Closed-7 $260,000-$485,000

Montgomery-New 11 $139,900-$300,000

Closed-6 $150,000-$330,000

Naperville-New 64 $309,900-$1,599,000

Closed-48 $160,000-$1,225,000

Oswego-New 22 $179,900-$375,000

Closed-New 6 $145,000-$385,100

Plainfield-New 37 $209,900-$729,900

Closed-36 $204,745-$857,500

St Charles/Campton Hills-

New-23 $179,990-$1,650,000

Closed-14 $178,000-$935,000

West Chicago-New 10 $199,900-$625,000

Closed-6 $170,000-$410,000

Yorkville-New 11 $246,885-$599,900

Closed-15 $180,000-$422,000

Contracts accepted this week

Contracts accepted this week of single family homes were up 12.5%. 360 this week compared to 320 the week before. Not all of these contracts accepted will close. Some will have issues with home inspections or financing not going through. It does give you an idea of how many buyers are out there ready to go and make a decision . Interest rates are fantastic so it is a great time to buy.

Look at the communities sellers accepted the most contracts this week:

Aurora-44 Batavia-14

Bolingbrook-33 Geneva-17

Naperville-70 North Aurora-10

Oswego-22 Plainfield-45

St Charles/Campton Hills-15 Yorkville-11

3 short sales were accepted this week by sellers. 1 each in Batavia, Plainfield and Plano. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 13 with a kick-out clause of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 326 239 360

Totals 5,884 3,837 5,540

May was definitely a fantastic month. June is starting out to be even better. If you are thinking about buying/selling this year now is the time to make a move.

Come back every Saturday for the market update. At the end of each month the market update Fox Valley will include a comparable to the last couple of years so you can see the trend.

Buying/selling a home

If you are thinking about buying a home this year your first step is to get pre-qualified with a loan officer. They will provide you with a letter showing what price and what type of loan will work out best for you. If you need recommendations just let us know. Once you have been pre-qualified you are ready to start looking.

Are you thinking about selling this year? Now is the best time of the year to sell. Homes that are in good condition and priced right are selling fast. A fresh coat of paint does wonders. Start clearing out everything that you do not need. Clear off all surfaces so it is easier to maintain for showings and looks cleaner. Tidy up the yard and plant some flowers to make it appealing. We will update the current value on your home and provide you with a net proceeds that shows you what the expenses are to sell.

Check out some great resources:

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal.. We will do whatever we can to help you reach your goal.

Covid-19 has changed the way we do business. Things are starting to open up but we are still taking precautions. If you prefer we can talk on the phone or set up video meetings. You can even walk us through your home using face time or through messenger. We use docusign so you can sign all the documents for listing or buying a home.

Some Home Inspector will let you be present for the home inspection and others will do the inspection and then call you to go over everything and email you a report.

If you are selling a home the attorney will meet you before closing to sign all the documents and then have you sign power of attorney for anything that comes up the day of closing so you don’t have to go. If you are buying you will still need to go sign on closing day.

The process has been streamlined and is working out pretty well.

Market update Fox Valley June 6 2020. Have a great week!

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com