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.

Fox Valley Market Update August 24 2019

Posted on August 24, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 24 2019

Fox Valley market update August 24 2019. New listings of single family homes were slightly down this week. 292 this week compared to 315 the week before. Not too bad with school starting. So many people are out buying school clothes and supplies to get ready to start school.

2019 new single family home listings by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August so far-1,295

Total-11,600

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

Aurora-New 43 $118,000-$975,000

Closed-35 $137,000-$513,500

Batavia-New 17 $189,900-$614,500

Closed-5 $210,000-$525,000

Bolingbrook-New 17 $169,900-$565,000

Closed-19 $104,8500$380,000

Geneva-New 19 $229,000-$1,695,000

Closed-6 $219,900-$485,000

Montgomery-New 10 $175,000-$270,000

Closed-8 $181,000-$287,000

Naperville- New 63 $299,700-$7,250,000

Closed-31 $230,000-$1,180,000

Oswego-New 9 $179,900-$385,790

Closed-10 $169,000-$462,850

Plainfield-New 29 $154,900-$778,000

Closed-34 $180,000-$551,351

St Charles/Campton Hills-New 22 $260,000-$829,000

Closed-21 $150,000-$622,500

West Chicago-New 10 $259,900-$675,000

Closed-4 $176,000-$337,000′

Yorkville-New 11 $199,900-$374,900

Closed-5 $249,900-#55,000

Closed homes this week were also down. 221 this week compared to 255 the week before. Next week is the last week of the moth so we should see an increase. Especially because next weekend is Labor Day so people will have a long weekend to move in and get settled.

Closed homes in 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August so far-1,111

Total-7,361

May continues to be the best month so far for new listings and closed homes.

Contracts accepted this week

Contracts accepted on single family homes this week were slightly up this week. 234 this week compared to 212 the week before. When something special comes on the market no matter how busy you are you need to jump on it. Homes that have been on the market either need to be made special or drop the price to get a buyer interested.

Contracts accepted on single family homes in 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1665
June-1,218
July-1,090
August so far-984

Total-9,079

Not every home that received an accepted contract closes. Sometimes things come up during attorney review or the home inspection that buyer and seller do not mutually agree upon. Sometimes the buyer’s loan does not get approved either because something comes up on their credit that can’t be resolved or the appraisal does not appraise for the agreed upon price. Buyer’s sometimes lose their job during the process Many things can happen during the process. Keeping on top of things is very important.

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

Aurora-37 Bolingbrook-15 Geneva-10

Naperville-42 Oswego-1- Plainfield-25

St Charles/Campton Hills-16

Short Sales accepted this week were still low. Only 1 this week compared to 2 the week before. This is great! Bolingbrook was the only community this week with an accepted contract.

Sellers also accepted contracts 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 6 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing. 4 with a kick-out clause of 72 hours and 6 with 48 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are keeping an eye on the market. Our goal is your goal. We are here to listen to your wants and needs. We will do everything we can to accomplish your goals. Whether buying or selling a home.

Check out some resources:

Let us know what other information you are looking for and we will point you to it.

Fox Valley market update August 24 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search for homes that also has a chat feature. You can sign up for free.

Fox Valley Market Update August 17 2019

Posted on August 17, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 17 2019

Fox Valley market update August 17 2019. New listings of single family homes was down this week. 315 new listings this week compared to 360 the week before. So many schools started back up this week for will next week. I am sure that has had an impact on housing slowing down. Once they get settled back into their routines it will probably 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-2004
June-1,643
July-1,423
August so far-1,003

Total-11,308

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

Aurora-New 41 $120,000-$795,000

Closed-38 $80,000-$427,500

Batavia-New 12 $214,900-$579,900

Closed-5 $199,550-$440,000

Bolingbrook-New 23 $142,500-$495,000

Closed-20 $160,000-$410,000

Geneva-New 9 $289,900-$674,900

Closed-12 $275,000-$830,000

Montgomery- New 6 $194,900-$299,000

Closed-11 $182,000-$285,000

Naperville-New 57 $275,000-$1,590,000

Closed-39 $307,500-$970,000

Oswego-New 15 $189,900-$359,900

Closed-12 $210,000-$346,000

Plainfield-New 40 $159,888-$1,190,000

Closed-27 $95,000-$762,000

St Charles/Campton Hills-New 24 $100,000-$1,295,000

Closed-19 $181,500-$515,500

Yorkville-New 16 $162,500-$415,000

Closed-12 $130,000-$450,000

Closed listings of single family homes were slightly up this week. 255 this week compared to 221 the week before. We are heading closer to the end of the month so this is to be expected.

Look at the closings of single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August so far-890

Total-7,140

If August continues the same for the next 2 weeks it could end up the best month for closings for far. May has been the highest month so far for New listings closings and contracts accepted.

Contracts accepted this week

Contracts accepted this week of single family homes were down. 212 this week compared to 249 the week before. Again I think this is due to school starting or getting ready to start for some.

2019 look at contracts accepted 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 so far-772

Total-8,867

I think it is important to look at the months that people are making decisions to purchase. It changes a little bit each year. A lot of it has to do with inventory. Some people end up looking for months. It depends on what price range you are in. Under $200,00 it is hard to find. You have more choices above that price range.

Look at the communities that sellers accepted the most contracts on single family homes this week:

Aurora-37 Bolingbrook-15 Geneva-10

Naperville-42 Oswego-10 Plainfield-25

St Charles/Campton Hills-16

Short sales this week on single family homes were down this week. 2 this week compared to 7 the week before. that is good news. there were 1 each in Aurora and Montgomery. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted this week by seller’s that are contingent on the buyer closing on their current home before purchasing. 6 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

Seller’s also accepted contracts on single family homes that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours and 48 hours.

Contact us

Call us with all of your real estate questions 630-503-6555. If we do not have the answer we will point you to where or who would have the answer.

We will do the best we can to find you a home that fits your needs and wants. Give us a good idea of the home that fits all of your wishes and the one that is the bare minimum.

If you are thinking about selling your home we will let you know what you need to do to get your home market ready and provide you with a net proceeds. This is an estimate of expenses so you will know where you are at. When an offer comes in we will update this so you can make a good decision.

Check out some resources:

Fox Valley market update August 17 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.com@gmail.com

Fox Valley Market Update July 13 2019

Posted on July 13, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update July 13 2019

Fox Valley market update July 13 2019. Thing are picking back up again since the holiday. 407 new listings of single family homes this week compared to 287 the week before. What a difference a week makes! July is usually a slow month with everyone going on vacation. It is a good time to go on vacation right after you list your home. Your home is easier to show and you don’t have to be inconvenienced with all the showings. It might even sell while you are gone. Wouldn’t that be nice!

2019 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-694 so far

9,576 Total

Closed homes this week were slightly up. 266 this week compared to 236 the week before. They should increase and we get closer to the end of the month when most buyer’s want to close.

Closing by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-523 so far

5,744 Total

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

Aurora-New 47 $88,000-$599,900 Closed-40 $76,000-$461,500

Batavia-New 10 $239,000-$799,900 Closed-8 $214,000-$365,000

Bolingbrook-New 23 $139,900-$669,900 Closed-31 $160,000-$434,500

Geneva-New 13 $275,000-$574,900 Closed-8 $385,000-$702,000

Naperville-New 98 $299,900-$2,499,000 Closed-48 $273,000-$1,295,000

Oswego-New 20 $229,900-$450,000 Closed-25 $150,000-$837,500

Plainfield-New 46 $165,000-$1,200,000 Closed-22 $216,000-$475,000

St Charles/Campton Hills-New 35 $159,000-$849,900 Closed-21 $199,500-$768,000

Sugar Grove-New 11 $242,500-$435,000 Closed-5 $275,000-$355,000

Sycamore-New 14 $109,900-$459,000 Closed-4 $115,000-$292,400

West Chicago-New 10 $240,000-$589,900 Closed-8 $204,900-$557,000

Yorkville-New 17 $215,000-$549,900 Closed-7 $225,000-$390,000

Contracts accepted this week

Contracts accepted this week were down. 252 this week compared to 295 the week before. This should pick up with all the new listings that came on the market this week.

Look at the contracts accepted for 2019 by the month so far:

January-608
February-832
March-1,375
April-1,307
May-1,665
July-547 so far

7,552 Total

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

Aurora-40 Bolingbrook-25 Montgomery-10

Napervilee-33 Oswego-15 Plainfield-27

St Charles/Campton Hills-22 Yorkville-10

Short sales were slightly up this week. 4 this week compared to 2 the week before. This continues to be good news! This week there were 2 in Aurora and 1 each in Naperville and Winfield.

Contracts were accepted by seller’s that are contingent on the buyer’s closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

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

Contact us

Call us with your real estate questions at 630-503-6555. Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. We are keeping an eye on the market. Our goal is to negotiate price and terms that are best whether buying or selling a home.

We will tell you what you need to do to get your home market ready. Explain the process. Provide you with a net proceeds that shows you the expenses to sell.

If you are thinking about purchasing you will need to get pre-qualified with a loan officer. It matters who you use. If you need recommendations of loan officers we will recommend a few so you can decide who to use. We will guide you through the process.

Resources to check out:

Fox Valley market update July 13, 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

Check out a different way to search for a home. Sign up for free! It has a chat feature that you can reach us to let us know you want to see something or have a question. If you click on the satellite view you can see how a home sits on the property. Does it have a back yard. Is it on a corner lot. What else is for sale in the neighborhood and the prices. How far away is shopping and entertainment. Let us know what you think!

Fox Valley Market Update July 6 2019

Posted on July 6, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update July 6 2019

Fox Valley market update July 6 2019. New listings of single family homes was way down this week. 287 new listings this week compared to 365 the week before. It is a holiday week so this is to be expected. Things will get back to normal next week.

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 so far-287

9,169 Total

Closed single family homes this week were also down. 236 closed this week compared to 330 the week before. This is also to be expected on a shorter week because of holiday and because it is the beginning of the month. Most buyer’s want to close at the end of the month.

Closed single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July so far-236

5,457 Total

Take a look at the activity this week of single family homes:

Aurora-New 44 $79,000-$644,800 Closed-36 $90,000-$419,900

Bolingbrook-New 24 $119,900-$414,900 Closed-14 $154,000-$399,900

Geneva-New 13 $339,900-$795,000 Closed-7 $200,000-$665,000

Montgomery-New 12 $161,000-$285,900 Closed-19 $158,067-$320,000

Naperville-New 50 $215,000-$2,199,000 Closed-40 $190,000-$1,075,000

Oswego-New 11 $149,900-$849,000 Closed-13 $197,000-$379,000

Plainfield-New 39 $189,800-$675,000 Closed-27 $138,000-$424,900

St Charles/Campton Hills-New 22 $139,900-$1,499,000 Closed-22 $145,000-$588,000

Yorkville-New 15 $249,000-$449,900 Closed-5 $239,990-$405,000

Contracts accepted this week

Contracts accepted this week of single family homes was slightly up. 295 this week compared to 272 the week before. That is a good thing with a short week. Next week should be even better.

Look at the totals of contracts accepted for 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July so far-295

7,300 total

So far May is the month with the most activity all around. New listings, closed homes and contracts accepted. Not all contracts accepted end up closing. Some come back on the market after the home inspection that might have an issue the buyer and seller can not negotiate a resolution to the issue. Other ones the financing might not get approved. The majority of them do close though.

Just under 60% of the new listings that came on the market have closed. Slightly under 80% have gone under contract. The other 20% either need to make improvements, lower price or both. If you are not getting showings or they have slowed down you need to rethink price and condition.

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

Aurora-41 Bolingbrook-24 Geneva-11

Naperville-49 North Aurora-13 Oswego-16

Plainfield-42 St Charles/Campton Hills-30 Yorkville-11

Short sales accepted by seller’s this week were also down. 2 this week compared to 5 the week before. 1 each in Plano and Yorkville.

Seller’s accepted contracts that are contingent on the buyer closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.

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

Contact us

Give a call to answer all of your real estate questions at 630-503-6555. Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are buying or selling a home.

Resources to check out:

Fox Valley market update July 6 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

Check out another way to search for a home. Click on the satellite view and you can see how the home sits on the lot and what is also for sale in that neighborhood. Let us know what you think!

Fox Valley Market Update June 22 2019

Posted on June 22, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 22 2019

Fox Valley market update June 22 2019.. New listings of single family homes in the Fox Valley area were slightly higher this week. 444 this week compared to 433 the week before.

2019 look at new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June so far-1,278
Total-8,517

One more week to go in June and it looks like we will not come close to May’s totals for new listings. That is not good for buyer’s that are still trying to find a home.

Closed homes this week were slightly higher. 303 this week compared to 294 the week before. Next week should be very busy for closings.

Closings in 2019 so far of single family homes:

January-407
February-465
March-915
April-790
May-1,391
June so far-923
Total-4,891

A little over 57% of the 8,517 new listings have sold and closed so far far this year.

Take a look at the activity this week in the Fox Valley:

Aurora-New 51 $119,900-$639,900 Closed-34 $125,000-$500,000

Batavia-New 16 $185,000-$629,900 Closed-8 $203,000-$464,000

Bolingbrook-New 27 $129,900-$595,900 Closed-25 $98,175-$405,500

Geneva-New 22 $242,000-$1,295,000 Closed-22 $155,000-$751,000

Montgomery-New 22 $125,000-$330,455 Closed-11 $86,793-$370,056

Naperville-New 102 $174,900-$1,790,000 Closed-52 $202,500-$1,020,000

North Aurora-New 13 $195,000-$430,000 Closed-8 $197,500-$368,500

Oswego-New 26 $199,900-$429,900 Closed-12 $165,000-$370,000

Plainfield-New 38 $172,000-$494,000 Closed-31 $182,000-$595,000

St Charles/Campton Hills-New 36 $109,800-$1,275,000 Closed-29 $150,000-$774,900

West Chicago-New 13 $114,900-$485,000 Closed-8 $165,000-$432,500

Winfield-New 10 $282,900-$799,000 Closed-5 $300,000-$475,000

Yorkville-New 19 $213,000-$1,100,000 Closed-7 $174,000-$375,000

Contracts accepted this week

Contracts accepted of single family homes this week were slightly down. 293 this week compared to 317 last week.

Contracts accepted of single family homes so far in 2019:

January-608
February-832
March-1,375
April-1,307
May-1,665
June so far-946
Total-6,733

That total shows you that about 79% of the homes listed this year have gone under contract. Not all of them have closed. Some have been put back on the market because of buyer not able to get financing or some other reason. Some of that total have gone under contract and reactivated and gone under contract again. Closed totals are the most important.

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

Aurora-45 Batavia-14 Bolingbrook-18

Geneva-12 Montgomery-11 Naperville-50

Oswego-12 Plainfield-38 St Charles/Campton Hills-23

Yorkville-16

Short sales accepted this week by seller’s doubled from last week. 5 this week compared to 2 the week before. Still very low. There were 1 each in Montgomery, Plainfield and Sandwich. 2 in Oswego this week.

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home before purchasing. 12 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Seller’s also accepted contracts that are contingent on the buyer selling and closing before they can purchase. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us with any real estate questions you have at 630-503-6555. Jerffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are selling, buying or both.

Thinking about selling? We will update the value of your home in today’s market and provide you with a net proceeds that will show you the expenses to sell your home so you know where you are at.

If you are thinking about purchasing your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work for you.

We will guide your through the process of selling or purchasing. We can make a few recommendations of loan officers, real estate attorneys and inspectors if you don’t know any already. You can choose who you think will workout best for you.

Check out these resources:

Fox Valley market update June 22 2019. 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 or Kristineheiman@besthomesfv.com

You can also check out a different way to search for a home. Click on satellite view and you can see how the home is situated on the lot. It will show you if it is a corner lot, does it have a backyard and is it fenced in, Is there anything else for sale in the neighborhood.

Fox Valley Market Update June 8 2019

Posted on June 8, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 8 2019

Fox Valley market update June 8 2019. New listings of single family homes were up this week! 401 this week compared to 359 the week before. Good news for buyer’s that are out there trying to find a home.

2019 new listings of single family homes month by month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June so far-401

Closed single family homes were also up. 326 this week compared to 296 the week before. That is surprising for the beginning of the month. Most buyer’s want to close at the end of the month.

Closed single family homes 2019 month by month:

January-407
February-465
March-915
April-790
May-1,391
June so far-326

So far May is the busiest month for both new listings and closed single family homes.

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

Aurora-New 43 $89,900-$539,900 Closed-44 $115,000-$706,000

Batavia-New 14 $269,250-$799,900 Closed-12 $228,000-$464,000

Bolingbrook-New 24 $159,999-$575,000 Closed-28 $149,000-$400,000

Geneva-New 26 $225,000-$1,599,000 Closed-13 $250,000-$598,500

Montgomery-New 14 $135,076-$325,000 Closed-10 $210,000-$300,000

Naperville-New 72 $259,900-$2,550,000 Closed-62 $255,000-$1,262,000

North Aurora-New 12 $245,000-$499,900 Closed-5 $205,000-$342,700

Oswego-New 18 $209,000-$659,000 Closed-22 $135,000-$492,500

Plainfield-New 39 $174,900-$599,900 Closed-44 $169,900-$517,000

St Charles/Campton Hills-New 36 $149,900-$775,000 Closed-19 $167,000-$995,000

West Chicago-New 16 $150,000-$1,200,000 Closed-6 $141,000-$570,000

Yorkville-New 13 $229,900-$425,000 Closed-18 $215,000-$515,000

Contracts accepted this week

Contracts on single family homes were up this week. 336 this week compared to 285 the week before. This next week should be good as well with all the new listings.

Contracts accepted 2019 month by month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June so far-336

These numbers, even though we do not know if they will all close, give you an idea of closings to come. It shows you which months are more active with buyer’s out there ready to buy.

Communities this week that seller’s accepted the most contracts:

Aurora-44 Batavia-11 Bolingbrook-28 Geneva-10

Montgomery-17 Naperville-61 Oswego-14 Plainfield-44

St Charles/Campton Hills-26 West Chicago-11 Yorkville-10

There was only 1 short sales accepted by a seller this week and it was in Plainfield. Last week there were 2. We are happy to see these numbers remain low.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 7 with 48 hours and 4 with 24 hours.

Contact us

We are keeping and eye on the market. Call us with any questions you have at 630-503-6555 Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are selling or buying a home.

Resources to check out:

We want to explain the process to you so you feel comfortable with your decisions. We guide you through the process.

Fox Valley market update June 8 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

Check out another way to search for a home. You can click on the satellite view and see if the home you want to see is on a corner lot, has a fenced in back yard or what else if for sale near by.

Fox Valley Market Update June 1 2019

Posted on June 1, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 1 2019

Fox Valley market update June 1 2019. New listings of single family homes were down this week. 359 this week compared to 402 the week before. Holidays do have an impact. It was a shorter week with Memorial Day on Monday this last week. Most schools are now out so things will 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

Closings this week of single family homes were up this week. 296 this week compared to 236 the week before. End of the month is when most buyer’s want to close.

Closings of single family homes in 2019 by the month:

January-407
February-465
March-915
April-790
May-1,095

May has turned out to be the best month so far for new listings and the amount of closings in the Fox Valley. We are looking forward to starting a new month!

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

Aurora-New 38 $130,000-$925,900 Closed-38 $78,000-$420,000

Batavia-New 18 $215,000-$599,000 Closed-8 $249,900-$630,000

Bolingbrook-New 25 $175,000-$529,000 Closed-16 $161,000-$586,000

Geneva-New 14 $299,000-$949,900 Closed-10 $181,000-$2,100,000

Montgomery-New 14 $179,900-$325,000 Closed-20 $141,000-$303,000

Naperville-New 77 $310,000-$999,000 Closed-50 $241,000-$2,374,029

Oswego-New 15 $192,000-$944,000 Closed-15 $100,000-$940,001

Plainfield-New 40 $194,999-$620,000 Closed-30 $148,000-$425,000

St Charles/Campton Hills-New 32 $185,000-$1,095,000 Closed-23 $180,000-$774,000

West Chicago-New 11 $209,900-$699,900 Closed-10 $179,900-$420,000

Yorkville-New 13 $223,000-$549,900 Closed-12 $156,000-$485,000

Contracts accepted this week

Contracts accepted of single family homes this week were down. 285 this week compared to 333 the week before. Now that the holiday is over things should get back to normal.

2019 contracts accepted of single family homes by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665

The end of June and into July should have a good number of closings. May is the best month so far for activity in the Fox Valley.

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

Aurora-39 Bolingbrook-23 Montgomery-15 Naperville-50

Oswego-23 Plainfield-37 St Charles/Campton Hills-25

Accepted contracts on short sales of single family homes was also down. 2 this week compared to 4 the week before. There was 1 each in Montgomery and Naperville.

Contracts were accepted on homes that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 19 with 48 hours and 5 with 24 hours.

Seller’s also accepted contracts on homes 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.

Contact us

Call us at 630-503-6555 Jeffery Szymczak, Broker ext 104 , Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best.

Now that school is out it is a great time to get your home on the market. Hopefully we are coming to the end of all the rain we have been having so you can get your yard and flower beds in shape to welcome buyers.

Resources to check out:

Fox Valley market update June 1 2019. Have a great week! Let us know what questions you have.

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

Try a different way of searching. Click on the satellite view so you can see if the home has a yard, is on a corner lot or any other homes for sale there and how much.

Fox Valley Market Update May 25 2019

Posted on May 25, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update May 25 2019

Fox Valley market update May 25 2019. New listings of single family homes were slightly lower this week. 402 this week compared to 438 the week before.

2019 New listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May so far-1,645

We have 1 more week to go. This is a holiday weekend so we will see how this week goes. Sometimes holidays are slower and others see more activity.

Closed listings of single family homes were also slightly lower. 236 this week compared to 246 the week before.

Closed single family homes so far in 2019 by the month:

January-407
February-465
March-915
April-790
May so far-1,095

May is showing the most closings of single family homes so far. Next week will bring these numbers up even more with the end of the month when most Buyers want to close.

Take a look at the communities with the most activity this week of single family homes:

Aurora-New 41 $160,000-$620,000 Closed-28 $63,000-$540,000

Batavia-New 15 $259,900-$635,000 Closed-5 $255,000-$603,500

Bolingbrook-New 26 $189,900-$766,000 Closed-11 $186,000-$515,000

Geneva-New 19 $239,000-$949,900 Closed-5 $345,000-$770,000

Hinckley-New 10 $189,900-$394,000

Naperville-New 91 $290,000-$1,699,000 Closed-46 $285,500-$1,300,000

North Aurora-New 10 $165,000-$398,500 Closed-8 $157,000-$395,000

Oswego-New 22 $199,900-$399,900 Closed-16 $163,999-$425,000

Plainfield-New 51 $179,900-$925,000 Closed-38 $102,000-$640,000

St Charles/Campton HIlls-New 27 $224,900-$1,150,000 Closed-19 $127,500-$740,000

Sycamore-New 10 $128,000-$304,000 Closed-7 $159,900-$339,000

West Chicago-New 3 $119,900-$684,753 Closed-8 $118,000-$505,000

Yorkville-New 14 $195,000-$415,000 Closed-6 $255,000-$410,000

Contracts accepted this week

Contracts accepted this week of single family homes was slightly up this week. 337 this week compared to 307 the week before.

2019 look by the month of accepted contracts:

January-608
February-832
March-1,375
April-1,307
May so far-1,380

This gives you an idea of closings to come. March contracts accepted shows you why May closings are up. This month’s closings will probably close the end of June or in July. May is already above the other months and we still have a week to go.

Take a look at the communities this week that Sellers accepted the most contracts:

Aurora-46 Batavia-13 Bolingbrook-33 Elburn-14

Geneva-15 Montgomery-11 Naperville-51 Oswego-14

Plainfield-38 St Charles/Campton Hills-28 West Chicago-10 Yorkville-12

Short sales accepted of single family homes by Sellers doubled this week. 4 this week compared to 2 the week before. These are still lownumbers. There was 1 each in Batavia, Bolingbrook, Plainfield & St Charles/Campton Hills.

Sellers also accepted contracts that are contingent on the Buyer closing on their current home. 12 with a kick-out clause of 72 hours, 17 with 48 hours and 4 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 5 also with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether buying or selling a home. We are keeping an eye on the market. Check back here every Saturday for the Fox Valley market update.

Resources to check out:

Fox Valley market update May 25 2019. 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

Check out this different way of searching that you can see where in the neighborhood the home is. Is it on a corner, does it have a back yard or is there anything else for sale and how much. Let us know what you think!

Fox Valley Market Update May 11 2019

Posted on May 11, 2019May 11, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update May 11 2019

Fox Valley market update May 11 2019. New single family homes listed this week are very consistent. 402 this week compared to 403 the week before., You can’t get more consistent than that! Spring market continues to be strong.

Year to date by the month of new listings of single family homes:

January-878
February-1,032
March-1,731
April-1,594
May so far-805

Closed listings of single family homes this week were lower than last week. 212 this week compared to 301 the week before. We are in the beginning of the month so this is to be expected. Closed listings will increase as we head to the end of the month.

Year to date by the month of closed listings of single family homes:

January-407
February-465
March-915
April-790
May so far-513

Take a look at the activity this week:

Aurora-New 48 $121,900-$995,000 Closed-36 $59,500-$433,000

Batavia-New 10 $229,000-$529,000 Closed-5 $165,000-$575,000

Bolingbrook-New 38 $137,900-$599,900 Closed-14 $136,500-$401,000

Geneva-New 23 $190,500-$1,299,000 Closed-3 $220,000-$320,000

Montgomery-New 25 $157,000-$320,400 Closed-5 $220,000-$297,000

Naperville-New 90 $244,000-$2,995,000 Closed-41 $130,000-$960,000

Oswego-New 19 $174,000-$549,900 Closed-13 $180,000-$416,903

Plainfield-New $40 $151,000-$549,900 Closed-27 $150,000-$727,000

Plano-New 10 $155,000-$316,000 Closed-4 $68,700-$244,000

St Charles/Campton Hills-New 35 $199,000-$1,349,000 Closed-16 $167,000-$772,000

West Chicago-New 10 $224,900-$400,000 Closed-6 $110,000-$540,000

Yorkville-New 13 $239,000-$364,900 Closed-6 $209,500-$335,000

Contract accepted this week

Contracts accepted this week were slightly off of the week before. 302 this week compared to 338 the week before. It was another rainy week. I don’t know if that contributed to it but we are tired of the rain. Next week it looks like only Wednesday will be raining, It is a good time to look at homes when it is raining though to see if there are any leaks or water in basements. So rain sometimes is a good time to look at homes.

Here are the communities that Sellers accepted the most contracts this week:

Aurora-35 Batavia-17 Bolingbrook-23 Geneva-12

Montgomery-12 Naperville-48 Oswego-23 Plainfield-33

St Charles/ Campton Hills-31 Yorkville-10

Year to date by the month of contracts accepted:

January-608
February-832
March-1,375
April-1,307
May so far-640

Short sales accepted are staying consistent. 4 this week compared to 3 the week before. Now they will be submitted to the lender to see if they will also accept as written. 1 each in Bolingbrook, Geneva, St Charles/Campton Hills and West Chicago.

Sellers also accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 9 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.

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

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether selling or buying a home.

Information to check out:

Now is a great time to sell or purchase a home. Many lenders are coming up with new loan programs and they also help out with down payment so it is good to check with them. They also help you with bringing up your credit score so you can hopefully get a better interest rate. Let us know what questions you have.

Fox Valley market update May 11 2019. Have a great week!

Kristine Heiman-Mananging Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out this search tool. If you click on the satellite view you can see where a home for sale is within a neighborhood, if it has a backyard or is fenced in. You can also see what else is for sale and the prices. Let us know how you like it.