Market update Fox Valley February 8 2020

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

Market update Fox Valley February 8 2020

Market update Fox Valley February 8 2020. New listings of single family homes are up 40.24%. 345 new listings this week compared to 246 the week before. If you are still waiting for Spring market you might miss it. It has already started! Let’s get your home on the market.

Closed listings are down 25.6% this week. 93 single family homes closed this week compare to 125 the week before. Low numbers are expected at the beginning of the month. Most buyers want to close towards the end of the month so they come to closing with the least amount of money.

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

Aurora-New 34 $114,900-$600,000

Closed-14 $109,000-$530,000

Batavia-New 12 $244,900-$579,000

Closed-2 $254,000-$282,000

Bolingbrook-New 17 $179,000-$649,999

Closed-7 $115,000-$500,000

Elburn-New 11 $264,900-$492,500

Closed-2 $324,560-$345,000

Geneva-New 18 $300,000-$599,500

Closed-2 $223,000-$418,000

Montgomery-New 10 $214,900-$317,900

Closed-0

Naperville-New 87 $249,900-$2,399,000

Closed-14 $175,000-$599,000

Oswego-New 13 $199,500-$449,900

Closed-3 $305,000-$320,415

Plainfield-New 43 $180,000-$1,190,000

Closed-13 $200,000-$512,500

St Charles-New 36 $125,000-$1,299,000

Closed-15 $169,900-$670,000

Contracts accepted this week

Contracts accepted this week were up 7.69%. 224 contracts accepted on single family homes this week compared to 208 the week before. I am expecting this to jump up next week with all the new listings that came on the market this week. Buyers have a good amount of new choices.

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

Aurora-35 Batavia-10

Bolingbrook-26 Naperville-29

Oswego-15 Plainfield-26

St Charles/Campton Hills-17

7 short sales were accepted by sellers this week on single family homes. 2 in Bolingbrook and 1 each in Aurora, Oswego, Plainfield, Warrenville and Yorkville.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 8 with 48 hours and 3 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 and 4 with 48 hours. If this does not make sense to you I would be happy to explain it to you.

2020 market activity by the month

Month New Closed Contracts accepted

January 1105 566 858

February 345 93 208

Fox Valley is off to a good start so far this year. You will have to come back and check out as the year progresses.

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.

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

Thinking about buying a home this year? You will need to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you. They will give you a letter showing all this and it will go with your offer to the seller when you find a home so they know you qualify.

Check out some great resources:

If you are looking for any other information let us know and we will show you where to look. We can recommend loan officers, home inspectors and real estate attorneys for you to choose from if you do not know any of these already.

Market update Fox Valley February 8 2020. 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

Fox Valley market update 1-18-2020

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

Fox Valley market update 1-18-2020

Fox Valley market update 1-18-2020. New listings increased 13.3%. 247 this week compared to 218 the week before. That is great news for buyers that continue to search for just the right home to purchase. Choices are good! You still might have to find the home with the right amount of space and make it into your own.

Closings this week were exactly the same. 108 this week and the last. They should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 22 $109,900-$539,900

Closed-19 $70,007-$385,000

Bolingbrook-New 15 $164,900-$375,000

Closed-4 $159,000-$364,900

Geneva-New 16 $157,500-$899,900

Closed-9 $110,000-$602,000

Naperville-New 51 $269,989-$1,695,000

Closed-22 $295,000-$1,130,013

Oswego-New 15 $243,000-$445,000

Closed-2 $309,000-$365,000

Plainfield-New 38 $178,000-$830,000

Closed-13 $184,000-$405,000

St Charles/Campton Hills-

New 22 $78,900-$1,700,000

Closed-6 $175,000-$855,000

Yorkville-New 10 $229,000-$540,000

Closed-3 $130,000-$292,990

Contracts accepted this week

Contracts accepted this week rose just over 9%. 174 this week compared to 159 the week before. Buyers are looking for homes year round so don’t think this is not a good time to sell. If the location, condition and price are right it will sell. If you can’t update or change the condition the price might need to go down until the market shows you that you have finally hit the right spot.

Communities that sellers have accepted the most contracts this week:

Aurora-33 Bolingbrook-15

Naperville-23 Plainfield-19

St Charles/Campton Hills-12

The MLS has combined St Charles and Campton Hills if you are wondering why we always combine them. These are the communities in the Fox Valley that are consistently the most active.

Only 1 short sales was accepted this week. It was in Bolingbrook. Now it 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. 1 with a kick-out clause of 72 hours and 6 with 48 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, 2 with 48 hours and 1 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 603 334 440

Not bad for only 2 1/2 weeks into the new year. Activity happens no matter what time of year it is. You might want to get your home on the market now so you have less competition then when Spring market hits. If you are a buyer keep an eye on the new listings coming up and make sure your pre-approval letter is up to date. No more than 30 days old.

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.

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

Are you looking to buy this year? Make sure you contact a loan officer to get pre-approved so you are ready to go. We will not show homes without it. You don’t want to fall in love with a home that will not work for you. You need to find out the price range and what type of loan that will work out best for you.

Check out some great resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we will be happy to provide you with a few of each to consider.

Fox Valley market update 1-18-2020. 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

Sign-up free for a different way to search for a home. You can switch to satellite view and it also has a chat feature.

Fox Valley Market Update 1-11-2020

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

Fox Valley Market Update 1-11-2020

Fox Valley market update 1-11-2020 of single family homes. Our first full week of the new year picked up activity. 218 new listings of single family homes compared to 138 the week before. We are happy to see the increase of homes on the market. Choice is not an option in some price ranges. We hope this year will be different and more choices will be available this year.

Closed homes was slightly down this week. 108 this week compared to 118 the week before. This will increase as we get closer to the end of the month.

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

Aurora-New 30 $59,900-$619,000

Closed-16 $85,000-$468,000

Bolingbrook-New 16 $175,000-$579,000

Closed-5 $185,000-$319,900

Geneva-New 10 $262,000-$1,199,000

Closed-4 $235,000-$382,500

Naperville-New 34 $304,850-$3,750,000

Closed-15 $230,000-$1,520,000

Oswego-New 14 $184,900-$435,900

Closed-9 $219,900-$317,000

Plainfield-New 26 $174,900-$515,900

Closed-21 $153,000-$400,000

St Charles/Campton Hills-

New-12 $289,500-$1,199,999

Closed-14 $185,000-$785,000

Sugar Grove-New 11 $229,900-$1,250,000

Closed-3 $220,000-$290,000

Yorkville-New 10 $237,700-$499,900

Closed-1 $293,000

Contracts accepted this week

Contracts accepted this week increased by about 67%. 159 this week compared to 107 the week before. Buyers are out there just waiting for the right home to come on the market. Is it yours? It just might be so give us a call and let’s get your home on the market.

Communities this week that sellers accepted the most contracts:

Aurora-23 Bolingbrook-14

Naperville-23 Plainfield-24

St Charles/Campton Hills-14

No short sales contracts accepted this week. That does not mean there are no short sale properties out there. They just have not found a buyer yet.

Sellers have accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours and 9 with 48 hours.

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

These sellers felt confident enough in the market that these homes will close to accept their contract.

2020 by the month

Month New Closed Contracts accepted

January 356 226 266

Looking back at previous 2 years

January 12 2019 445 200 243

January 13 2018 388 230 258

This is for the 2nd week in January the previous 2 years. Weather has not been a factor so far this year. We have had a mild winter so far. Last year January and February were brutal. I can’t remember the weather for 2018 during this time. Activity happens throughout the year. You might want to get a jump on the Spring market so you don’t have as much competition to sell.

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.

Get pre-qualified now with a loan officer so you are ready to start looking at homes. You need to find out what type of loan and what price range will work out best for you. Seller’s want to be confident that the people coming through their homes are qualified.

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

Check out some great resources:

Types of loans and the process
VA loans and the process
Current interest rates
Down payment assistance
Illinois homeowner assistance and some community assistance
School ratings

Fox Valley market update 1-11-2020. Have an amazing week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

10 26 2019-Market Update Fox Valley

Posted on October 26, 2019 by Kristine Heiman, Designated Managing Broker

10 26 2019 Market Update Fox Valley

10 26 2019 market update Fox Valley. New listings of single family homes were significantly down this week. 216 this week compared to 259 the week before. Not helpful for buyers that are still out looking. It is still worth taking a look to see if one of them are the kind of home you have been waiting for.

Closed single family homes were slightly up this week. 171 this week compared to 167 the week before. They should be up next week for the end of the month.

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

Aurora-New 29 $114,900-$379,900

Closed-22 $103,500-$635,000

Bolingbrook-New 12 $174,500-$429,900

Closed-12 $148,000-$370,000

Montgomery-New 12 $174,900-$299,000

Closed-9 $130,000-$300,000

Naperville-New 41 $219,900-$1,542,000

Closed-26 $260,000-$1,812,500

Oswego-New 6 $199,900-$475,000

Closed-15 $140,000-$375,000

Plainfield-New 33 $179,000-$729,900

Closed-26 $154,900-$560,000

St Charles/Campton Hills-

New-12 $364,900-$600,000

Closed-13 $192,000-$525,000

Yorkville-New 10 $139,900-$479,900

Closed-9 $160,000-$410,000

Contracts accepted this week

Contracts accepted this week on single family homes were very consistent this week. 196 this week compared to 193 the week before. Even though the new listings of single family homes slowed down this week, the buyers out there ready to buy stayed consistent. They did not slow down this week.

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

Aurora-37 Bolingbrook-13

Naperville-36 Oswego-10

Plainfield-25 St Charles/Campton Hills-15

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 13 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Market update Fox Valley by the month for 2019

Month New Closed Contract accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,041 738 776

Total 14,095 9,156 10,951

Not all homes that are listed sell. They might need too much work and are not priced right. Also, not all contracts that the seller accepts close. Some of them do not get passed home inspection and attorney review period. You need a good REALTOR® and real estate attorney that explains the process of the home inspection and expectations and can negotiate issues that come up.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. We will do everything we can to meet your goals.

We can update your homes value in today’s market and provide you with a net proceeds. This shows you an estimate of the expenses to sell so you have an idea of where you are at. This will be updated when an offer comes in and we know all the terms so you can makea decision.

If you are thinking about purchasing a home you need to talk to a loan officer to get pre-qualified to see what type of loan and the price range that works out best for you. When you are finished we can start setting up homes to go and see.

Resources to check out:

We are here to guide you through the process of buying/selling a home. Let us know what questions you have. We want to help you meet your goals.

10 26 2019 market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Connect with us on facebook

10 19 2019-Market Update Fox Valley

Posted on October 19, 2019 by Kristine Heiman, Designated Managing Broker

10 19 2019 Market Update Fox Valley

10 19 2019 Market update Fox Valley. We are having gorgeous weather right now here in Illinois. Fox Valley market is still moving along. New listings of single family homes this week were down slightly. 259 this week compared to 275 the week before.

Closed listings of single family homes were consistent this week. 167 this week compared to 165 the week before. Numbers should go up as we get closer to the end of the month.

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

Aurora-New 29 $69,000-$649,000

Closed-23 $97,500-$420,000

Batavia-New 14 $228,500-899,900

Closed-9 $135,200-$533,801

Bolingbrook-New 18 $139,900-$399,900

Closed-12 $140,000-$375,000

Geneva-New 16 $275,000-$848,900

Closed-6 $212,000-$514,900

Montgomery-New 10 $155,000-$299,900

Closed-5 $165,000-$248,000

Naperville-New 33 $264,900-$2,250,000

Closed-23 $211,000-$1,265,000

Oswego-New 16 $122,000-$675,000

Closed-7 $189,000-$468,000

Plainfield-New 35 $167,000-$925,000

Closed-30 $170,000-$530,834

St Charles/Campton Hills-

New-18 $214,900-$650,000

Closed-10 $140,000-$425,000

Yorkville-New 12 $219,900-$495,000

Closed-6 $160,000-$339,000

You should be able to click on the picture above to make it bigger so you can see how the other communities did and the price ranges. Some communities are on this list every week. They are more active. This makes a difference when you are looking for a home. You always have to think about resale.

Contracts accepted this week

Contracts accepted this week were very consistent. 193 this week compared to 192 the week before. Buyers are still out there looking. If you price your home according to location and condition it should sell. If not you will need to lower price or start fixing it up. Not everyone looking wants to take on projects.

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

Aurora-24 Bolingbrook-13

Naperville-37 Plainfield-28

St Charles/Campton Hills-15

Short sales accepted by sellers this week were still low. 5 this week. 1 each in Batavia, Bristol, Naperville, St Charles/Campton Hills and Sugar Grove. 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. 6 with a kick-out clause of 72 hours and 12 with 48 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 48 hours.

2019 by the month

I think it is interesting to see the totals by the month for New listings of single family homes, closed and contracts accepted so you can see how they change.

2019 by the month:

New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 825 567 580

Totals 13,879 8,985 10,755

Not all homes that come on the market sell. Some of them cancel the listing or they either need to adjust price or make some updates. Paint does wonders!

Contracts accepted does not mean they will close. The majority of them do but some of them might run into issues with the home inspection that they can not come to an agreement. Sometimes when they do a more in-depth credit check things show up that can’t be resolved in time.

Having an experienced REALTOR® and good real estate attorney makes all the difference in getting through issues that come up.

Contact us

Call us at 630-503-6555 with all your real estate questions. Our goal is your goal. We will do everything we can to help you reach your goal whether buying or selling a home.

Check our some resources:

Also check with your loan officer to see if they offer any help. Sometimes they can combine help or offer better help with closing costs.

10 19 2019 market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Another way to search for a home. You can sign up for free and it also has a chat feature. Let us know what you think.

10 12 19-Market Update Fox Valley

Posted on October 12, 2019 by Kristine Heiman, Designated Managing Broker

10 12 19-Market Update Fox Valley

10 12 19-market update Fox Valley. New listings of single family homes was down this week. 275 this week compared to 291 the week before. Season is changing and so is the market. Things are still happening but at a little slower pace. This might work out well for buyers that had a hard time competing with other buyers for a home. Sellers need to make sure you are pricing your home right from the beginning.

Closed single family homes were also down this week. 165 this week compared to 235 the week before. It is the beginning of the month and 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 43 $125,000-$375,000

Closed 21 $123,000-$549,000

Bolingbrook-New 16 $135,000-$334,900

Closed 14 $155,000-$470,000

Montgomery-New 10 $189,900-$399,500

Closed 9 $169,900-$307,999

Naperville-New 45 $269,750-$1,250,000

Closed 26 $260,000-$800,000

Oswego-New 14 $239,900-$650,000

Closed 7 $149,000-$500,000

Plainfield-New 36 $169,900-$525,000

Closed 18 $220,000-$393,060

St Charles/Campton Hills-

New 26 $85,000-$1,700,000

Closed 10 $189,000-$525,000

Sugar Grove-New 11 $225,000-$339,900

Closed 3 $210,000-$335,000

Yorkville-New 13 $220,000-$565,000

Closed 4 $165,000-$325,000

Contracts accepted this week

Contracts accepted this week on single family homes was pretty consistent. 192 this week compared to 195 the week before. Buyers are still out there looking and ready to go.

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

Aurora-31 Bolingbrook-19

Naperville-26 Oswego-10

Plainfield-27 St Charles/Campton Hills-19

4 short sales were accepted by sellers this week. 1 each in Aurora, Naperville, Plainfield and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

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

Market update Fox Valley by the month

New listings Closed listings Contracts accepted

January-878 407 608

February-1,032 465 832

March-1,731 915 1,375

April-1,594 790 1,307

May-2,004 1,391 1,665

June-1,643 1,253 1,218

July-1,423 1,029 1,090

August-1,585 1,403 1,211

September-1,164 765 869

October-566 400 387

Contact us

Call us at 630-503-6555. Our goal is your goal. Let us know what your goal is and we will do everything we can to meet your goal. If we think is not attainable we will let you know why and if it is possible with some changes.

We are here to explain the process of buying or selling a home and guide you through the process.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that is an estimate of expenses to sell.

Wanting to buy a home? Your first step is to talk to a loan officer to see what type of loan and what price range will work out for you. Then we can get started looking. Let us know your time frame.

Check out some resources:

Also talk to your loan officer to see if they offer lender credits.

10 12 19-market update Fox Valley. Have a great week! Let us know how we can help you.

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Also another way to search for a home. I would be happy to help you with this one. I can share my page with you and show you how this one works. It also has a chat feature.

10 05 2019-Market Update

Posted on October 5, 2019 by Kristine Heiman, Designated Managing Broker

10 05 2019-Market Update

10 05 2019-Market update. New listings of single family homes here in the Fox Valley went up this week. 291 this week compared to 259 the week before. Great news for buyers that have not found the right home yet or have lost out to multiple offers.

Closed listings of single family homes were also up this week. 235 this week compared to 204 the week before. Some of those might of been on Monday the last day of September.

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

Aurora-New 43 $93,600-$559,000

Closed-20 $91,650-$525,000

Batavia-New 10 $182,500-$525,000

Closed-7 $191,000-$415,000

Bolingbrook-New 14 $149,900-$359,000

Closed-18 $140,000-$439,000

Geneva-New 11 $325,000-$500,000

Closed-8 $280,000-$579,000

Montgomery-New 15 $134,900-$317,900

Closed-13 $98,000-$250,000

Naperville-New 65 $249,900-$1,999,999

Closed-36 $175,000-$1,155,000

Oswego-New 14 $206,800-$799,000

Closed-11 $153,000-$418,000

Plainfield-New 36 $210,000-$550,000

Closed-38 $149,500-$900,000

St Charles/Campton Hills-New 23 $199,900-$2,195,000

Closed-27 $153,000-$968,000

10 05 2019-Market Update Contracts accepted this week

Contracts accepted this week on single family homes were slightly down this week. Not too bad. Only down by 9 listings.

Look at the communities that sellers accepted the most contracts:

Aurora-19 Bolingbrook-21 Geneva-11

Naperville-30 Plainfield-10 St Charles/Campton Hills-19

Yorkville-10

There were no short sales contracts accepted this week. The week before there were 3. Great news!

Contracts were accepted this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours and also 6 with 48 hours.

Market activity so far for 2019 in the Fox Valley by the month

New listings Closed listings Contracts accepted

January-878 January-407 January-608

February-1,032 February-465 February-832

March-1,731 March-915 March-1,375

April-1,594 April-790 April-1,307

May-2,004 May-1,391 May-1,665

June-1,643 June-1,253 June-1,218

July-1,423 July-1.029 July-1,090

August-1.585 August-1,403 August-1,211

September-1,164 September-765 September-869

October so far-291 October so far-235 October so far-195

Total-13,345 8,653 10,370

I changed it up this week so you could see the difference side-by-side. Some of those new listings have not sold or canceled and decided not to sell.

Not every listing that receives a contract closes. There are many reasons why they do not close. There could be an issue with the buyer that does not get approved for the loan for some reason. Home inspection or attorney review had issues that they could not agree on resolving. Buyer or seller change their mind about going through with the deal. All very good reasons why you need a good REALTOR® and good real estate Attorney to get you through all the issues that can come up.

It makes sense that May was the biggest month for new listings and contracts accepted and it also makes sense that August was the biggest month for closings. Everything still revolves around the school year. There is still activity though.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. We will do everything we can to meet your goal. If it is not reasonable we will let you know.

Let us update the value of your home in today’s market. We will provide you with an estimate of expenses to sell your home so you will know where you are at.

If you want to buy a home your first step is to talk to a loan officer to see if you need to work on your credit score to get ready to buy or what price range and loan type will work for you.

Check out some resources:

Let us know how we can help you.

10 05 2019-market update. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

630-503-6555

Another way to search for a home that you can sign up for free! I can do a video call and share my screen to show you how it works and all that you can do with it. I think you will really like this!

Fox Valley Market Update September 14 2019

Posted on September 14, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 14 2019

Fox Valley market update September 14 2019. Consistent is the market this week. 310 new listings of single family homes this week compared to 313 the week before. You can’t get more consistent than that! The weather is wonderful. It is not too hot or raining. Perfect weather for looking at homes. Let’s get your home on the market!

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September so far-623

Total-12,513

Closed listings this week were also consistent. 188 closings of single family homes this week compared to 180 the week before. Slightly higher but very consistent. They should increase though as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-368

Total-8,021

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

Aurora-New 46 $115,000-$699,000

Closed-30 $37,500-$645,000

Bolingbrook-New 20 $174,900-$754,766

Closed-12 $152,700-$430,000

Elburn-New 10 $229,000-$549,900

Closed-1 $320,000

Naperville-New 61 $299,000-$1,599,000

Closed-28 $245,000-$1,150,000

Oswego-New 16 $179,900-$1,000,000

Closed-7 $215,000-$340,000

Plainfield-New 33 $149,888-$624,000

Closed-29 $170,000-$538,200

St Charles/Campton Hills-New 19 $199,900-$1,260,000

Closed-9 $290,000-$880,000

Sugar Grove-New 11 $214,900-$849,900

Closed-5 $210,000-$445,000

West Chicago-New 12 $228,000-$574,999

Closed-6 $222,500-$385,000

Yorkville-New 10 $164,900-$475,000

Closed-3 $134,500-238,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly higher. 225 contracts accepted this week compared to 211 the week before. The homes that are remaining on the market either need to be updated or the price dropped to get buyers interested in them. Buyers today want to buy and move in. They don’t want to spend a lot of time or money to fix something up.

Contracts accepted 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September so far-436

Total-9,742

Look at the communities that had the most sellers accept contracts this week:

Aurora-36 Bolingbrook-21 Naperville-31

Plainfield-29 St Charles/ Campton Hills-11

Not all contracts that get accepted close. A good REALTOR® and real estate attorney can help to overcome some issues that come up unless of course it is a buyer issue with financing. Sometimes issues come up with an in-depth credit check that can not be overcome easily or within the time frame.

There were no short sale contracts accepted this week.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

Sellers also 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 2 with 24 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are here to help you. Our goal is your goal. We will work hard to reach your goal whether it is selling or buying a home. Keep in contact with you and guide you through the process.

Check out some resources:

Check back with us every Saturday for the Fox Valley Market update. We are keeping an eye on the market.

Fox Valley market update September 14 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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Fox Valley Market Update September 7 2019

Posted on September 7, 2019September 7, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 7 2019

Fox Valley market update September 7 2019. New listings this week were slightly up. 313 new listings of single family homes this week compared to 290 the week before. Now that we are past the holiday and school starting we can get back to normal.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September-313

Total-12,203

Closed listings of single family homes were down this week. 180 this week compared to 292 the week before. With the holiday, a short week and the beginning of the month this is to be expected. It should go up from here.

Closed listings for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-180

Total-7,833

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

Aurora-New 40 $115,000-$500,000

Closed-34 $80,000-$510,000

Batavia-New 14 $209,900-$525,000

Closed-8 $255,500-$586,987

Bolingbrook-New 22 $179,900-$500,000

Closed-16 $134,100-$369,000

Geneva-New 23 $149,000-$1,249,000

Closed-9 $241,000-$924,000

Naperville-New 62 $305,000-$4,000,000

Closed-23 $305,000-$1,295,000

Oswego-New 24 $229,900-$475,000

Closed-10 $129,000-$304,295

Plainfield-New 40 $169,900-$549,900

Closed-18 $150,000-$515,000

St Charles/Campton Hills-New 18 $163,500-$1,199,999

Closed-14 $100,000-$617,500

West Chicago-New 12 $179,900-$499,900

Closed-3 $285,000-$335.000

Yorkville-New 13 $180,000-$469,500

Closed-6 $250,000-$452,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly down this week. 211 this week compared to 227 the week before. This should go up next week since we are now past the holiday and a short week. Keep in mind that not all contracts accepted close. They need to get past home inspection, attorney review and the loan approval. So things can happen during that process.

Contracts accepted for 2019 by the month of single family homes:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-211

Total-9,517

Now take a look at the communities this week that sellers accepted the most contracts on single family homes:

Aurora-33 Bolingbrook-13 Naperville-34

Oswego-10 Plainfield-28 St Charles/Campton Hills-16

Short sales still remain low this week. 1 this week compared to 3 the week before. The 1 was in Bolingbrook this week.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 2 with 48 hours and also 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 1 with 48 hours.

Contact us

Call us with your real estate questions at 630-503-6555. Our goal is your goal. Whether you are buying, selling or both we will work hard to meet your goals. We will let you know what you need to do to get your home ready for market. Provide you with a net proceeds that shows you the expenses to sell so you know where you are at.

If you are thinking about buying you need to talk to a loan officer first to get pre-qualified so you know what type of loan will work for you and the price range. What type of loan you choose will determine the condition the home must be in. If you find a home that needs repairs and the seller is not willing to do them and you have the money you can set up an escrow account if it is under $5,000 for repairs. If it is over that amount you will need to get pre-qualified for a loan that will allow you to make the repairs. This is a different kind of approval. Separate from the normal approval. We can talk to you more about this or your loan officer can explain it to you.

It is still a great time to sell or buy so get in touch with us so we can get you started.

Check out some resources:

Fox Valley market update September 7 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search with a chat feature. Sign up for free and let us know what you think. It has google maps so you can click on the satellite view so you can see the yard and house around it..

Fox Valley Market Update August 31 2019

Posted on August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 31 2019

Fox Valley market update August 31 2019. New listings of single family homes were consistent this week. 290 this week compared to 292 the week before. We love consistency! That is even with a holiday coming up. Usually the week leading up to a holiday is a little slower than normal.

2019 so far by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,583

Total-11,890 May was the month with the most new listings of single family homes so far.

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

Aurora-New 35$129,900-$565,000

Closed-37 $89,900-$425,000

Batavia-New 9 $172,500-$550,000

Closed-10 $247,500-$673,299

Bolingbrook-New 19 $176,900-$484,256

Closed-23 $125,501-$390,000

Geneva-New 12 $330,000-$2,800,000

Closed-10 $295,000-$533,000

Montgomery-New 18 $148,899-$297,990

Closed-10 $100,000-$308,000

Naperville-New 54 $278,500-$1,499,000

Closed-57 $225,000-$2,350,000

Oswego-New 19 $149,900-$724,000

Closed-15 $168,000-$380,000

Plainfield-New 41 $185,000-$575,000

Closed-29 $157,374-$406,000

St Charles/Campton Hills-New 25 $234,500-$1,995,000

Closed-25 $165,000-$1,262,500

West Chicago-New 4 $265,000-$430,000

Closed-12 $146,500-$347,000

Yorkville-New 12 $154,900-$439,934

Closed-14 $150,000-$470,946

Closed listings of single family homes were slightly higher this week. 292 this week compared to 221 the week before. This was not a typical month. Usually the end of the month you see the most closings. The first week there were 341 closings but most of them were the end of July closings in the first part of that week and ending on August 3rd. The 3rd week ending on August 17th was the next highest with 255. They were trying to close before the first day of school starting.

Closings by the month in 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403

Total-7,653 August was slightly higher than May so far this year. The school year calendar was the driver for this years activity.

Contracts accepted this week

Contracts accepted this week on single family homes was slightly lower this week. 227 this week compared to 234 the week before. Not too bad for the hustle of the kids getting back to school and Labor Day coming up.

Contracts accepted so far by the month for 2019:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211

Total-9,306 May so far is the busiest month for contracts accepted by sellers.

You are probably wondering why I am keeping track of when contracts get accepted but I do think it is important. When you look back at the month with the most listings you see that it makes sense. March was the next highest month for new listings and it is also the next highest month for contracts accepted. Buyers had more choice.

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

Aurora-43 Batavia-11 Bolingbrook-15

Montgomery-11 Naperville-32 Plainfield-34

St Charles/Campton Hills-19

Short sales accepted this week still remain low. 3 this week compared to 1 the week before. 1 each in Naperville, St Charles/Campton Hills and Yorkville.

Sellers accepted contracts this week that are contingent on buyer closing on their current home. 3 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 with your real estate questions. Our goal is your goal. We will work hard to meet your goals whether buying or selling a home. We will guide you through the process and make recommendations for real estate attorneys, loan officers and home inspectors.

Provide you with a net proceeds that shows you the expenses to sell a home so you can make a good decision if it is the right time for you. Let you know what you need to do to get your home market ready. If you do not want to make the updates we can price it accordingly.

Resources to check out:

Fox Valley market update August 31 2019. Have a great week and a fantastic Labor Day weekend!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search for a home that you might like. It also has a chat feature.