2021 Real Estate Market Update Week 16

Posted on April 24, 2021April 24, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 16

2021 real estate market update week 16. New listings of single family homes were down this week. 232 this week compared to 241 the week before. We are having an extreme housing shortage so any decrease is very sad. I don’t know what else to say. Too many buyers are still looking for a home.

Closed listings of single family homes was exactly the same as new listings and up from last week. 232 this week compared to 222 the week before. Next week is the last week of the month so it should increase even more next week.

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

Aurora-New 32 $85,000-$669,000

Closed-43 $143,000-$710,000

Bolingbrook-New 10 $260,000-$629,910

Closed-11 $219,900-$360,000

Geneva-New 9 $229,900-$725,000

Closed-13 $285,000-$698,938

Naperville-New 47 $319,000-$1,450,000

Closed-41 $162,000-$1,375,000

Oswego-New 9 $235,000-$505,000

Closed-10 $235,000-$400,000

Plainfield-New 37 $220,000-$1,700,000

Closed-25 $206,000-$1,105,000

St Charles/Campton Hills-

New-23 $229,000-$849,900

Closed-16 $239,000-$1,050,000

Yorkville-New 8 $238,000-$655,000

Closed-17 $260,000-$480,000

Median list price this week was $350,000 and median closed price was $352,000. Last weeks median price was $370,000 and last weeks median closed price was $354,000. So median prices were down this week.

Contracts accepted this week

Contracts accepted on single family homes was down this week. 344 this week compared to 359 the week before. Last week new listings were down so that contributed to less contracts accepted this week.

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

Aurora-50 Batavia-13

Bolingbrook-20 Geneva-14

Montgomery-11 Naperville-79

Oswego-26 Plainfield-47

St Charles/Campton Hills-32 West Chicago-10

Yorkville-12

1 short sale was accepted by a seller this week on a single family home. It was in Aurora. Now it will get 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. 3 with a kick-out clause of 72 hours, 6 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. 2 with a kick-out clause of 48 hours and 1 with 24 hours.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 501 414 655

Totals 2598 2766 3717

The closed column is the most important column to keep track of. These are actual numbers. New and contracts accepted can sometimes be counted more than once if they were relisted as new or if a contract accepted does not make it past the home inspection, attorney review or appraisal. They can go back on the market and get counted again.

Some of the closed were homes that carried over into the new year.

Check back with us every Saturday for the 2021 real estate market update. Next Saturday is the last week of the month and we will be comparing to 2020 and 2019 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.

Will you be selling this year? Request a home valuation and give us some detalls about your home and let us know about any updates that you have completed recently. 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 so you can make a good decision.

Thinking about buying a home this year? You need to be ready to go with a pre-approval letter from your loan officer showing what you qualify for a what loan type. This will go with an offer when you find a home. The market is moving very fast right now so the letter can not be older than 30 days or get it updated. You do not want to wait until you find a home or you could miss out on a home. When a home hits the market you have to be ready to go because so many of them are getting multiple offers on them right away.

Resources:

1 of the IDHA programs might help out with student debt and another one if you live there 5 years might be forgiven. It is worth taking a look at them.

If you need recommendations for loan officers, home inspectors, real estate attorneys let us know. We can recommend a few of each so you can decide who you want to work with.

2021 real estate market update week 16. 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

2021 Real Estate Market Update Week 15

Posted on April 17, 2021April 17, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 15

2021 real estate market update week 15. New listings of single family homes were down this week. 241 this week compared to 260 the week before. It is April we should be increasing every week.

Closed listings of single family homes were up this week. 222 this week compared to 192 the week before. As we head to the end of the month they should increase. Most buyers want to close at the end of the month so they can bring less money to closing.

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

Aurora-New 40 $139,900-$750,000

Closed-26 $120,000-$570,000

Batavia-New 10 $210,000-$739,900

Closed-10 $285,000-$421,000

Bolingbrook-New 11 $190,000-$469,000

Closed-15 $227,000-$410,000

Geneva-New 12 $299,900-$1,599,000

Closed-9 $325,000-$625,000

Naperville-New 55 $269,900-$2,250,000

Closed-42 $295,000-$1,375,000

Oswego-New 11 $245,000-$1,000,000

Closed-13 $231,000-$440,000

Plainfield-New 27 $239,900-$749,900

Closed-21 $242,500-$352,400

St Charles/Campton Hills-

New 24 $179,900-$850,000

Closed-16 $278,000-$965,000

West Chicago-New 7 $245,000-$484,900

Closed-12 $120,000-$645,000

Average median listing price this week is $370,000. Average selling price is $345,500

Contracts accepted this week

Contracts accepted on single family homes are up. 359 this week compared to 296 the week before. We need to really increase inventory of homes to start to satisfy the demand from buyers that are looking. We continue to see multiple offers. Prices are increasing because of it.

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

Aurora-50 Batavia-13

Bolingbrook-20 Geneva-14

Montgomery-11 Naperville-79

Oswego-26 Plainfield-47

St Charles/Campton Hills-32 West Chicago-10

Yorkville-12

1 short sales was accepted by a seller this week. It was in Naperville. Now it will be submitted to the lender to see if they will also accept it.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 6 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. 2 with a kick-out clause of 48 hours and 1 with 24 hours.

You can see that, at this time, you better have a contract on your home if you want to have a chance on submitting an offer. Multiple offers is the norm now.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 501 414 655

Totals 2598 2766 3717

March was a good month. I don’t know if we will hit close to the closed numbers this month. Closed is the the main column to keep an eye on. These are actual numbers. New and contracts accepted can sometimes be counted more than once if a home is relisted or if a contract fall apart and then gets another one accepted.

Check back with us every Saturday for the update. At the end of each month we will take a look back at 2020 and 2019 so you can see the comparison.

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.

It is a great time to be a seller! Prices are increasing. Request a home valuation and give a little information about your home and what updates you have completed. We will provide you with a net proceeds that shows you the expenses to sell. When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home? You have to be ready to go with a letter from a lender showing how much home you can afford and what type of loan. This will go with an offer when we find you a home. You also have to be ready to go when a listing hits the market. You will be up against multiple offers. This is not the market for you to go home and think about it.

Resources:

One of the IDHA programs might help with student debt and another one if you live there for 5 years it might be forgiven. It is worth your time to check it out.

If you need recommendations for a loan officer, real estate attorney and home inspector we would be happy to provide you with a few that we have successfully worked with and you can choose who you want to work with.

It is an exciting time to sell and buy a home, but it can be stressful. We will do everything we can to explain as we go through the process so you know what to expect.

2021 real estate market update week 15. 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

2021 Real Estate Market Update Week 13

Posted on April 3, 2021April 3, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 13

2021 real estate market update week 13. New listings on single family homes were down this week. 192 this week compared to 222 the week before. Hopefully the holiday week is holding people back from putting their home on the market and it will pick up next week. Until more homes start coming on the market prices are rising rapidly and multiple offers is the norm. Very frustrating for buyers right now.

Closed listings on single family homes increased this week. 274 this week compared to 209 the week before. End of the month is the busiest for closings. Most buyers want to close at the end of the month so they bring less money to closing for interest for the month.

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

Aurora-New 31 $125,000-$735,000

Closed-40 $111,000-$639,000

Bolingbrook-New 15 $186,000-$480,000

Closed-18 $187,997-$470,000

Naperville-New 45 $249,000-$2,100,000

Closed-54 $251,017-$1,031,000

Oswego-New 11 $100,000-$549,900

Closed-15 $307,682-$622,000

Plainfield-New 25 $218,000-$1,190,000

Closed-35 $235,000-$590,000

St Charles/Campton Hills-

New-15 $199,999-$1,595,000

Closed-25 $210,000-$1,150,000

West Chicago-New 4 $239,000-$489,000

Closed-10 $200,000-$501,000

Yorkville-New 4 $249,900-$398,000

Closed-15 $146,000-$807,500

Median list price of single family homes this week is $359,700 and the median sold price $352,500.

Contracts accepted this week

Contracts accepted on single family homes were almost the same this week. 299 this week compared to 293 the week before. That is pretty consistent.

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

Aurora-37 Bolingbrook-12

Geneva-18 Montgomery-13

Naperville-56 Oswego-16

Plainfield-44 St Charles/Campton Hills-25

Yorkville-14

No short sales were accepted by seller’s this week. That does not mean they are not out there.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours and 2 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and 2 with 48 hours. Accepting contracts with contingencies other then financing are slowing down because of multiple offer situations. Sellers are looking for offers with the least amount of hurdles to get past to get to closing.

2021 real estate market update week 13 by the month

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

Totals 2097 2352 3062

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

Totals 3558 1802 2961

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

Totals 3641 1785 2775

Closed is the most important column to look at. These are actual numbers. New and contract accepted can be counted twice if a property is relisted or a contract is accepted and it does not get past home inspection and attorney review. Still this year we had the lowest new listings but the most closed homes.

You can see why the prices are rising with the limited inventory of homes. Until more homes come on the market the prices wil continue to rise. Buyers are waiting to pounce on a new listing. Don’t miss out on this great opportunity 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.

Request home valuation if you are thinking about selling so you can see where you are at in today’s market. Tell us a little bit about your home and any recent updates that have been completed. 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 so you can make a good decision.

Thinking about buying a home this year? You need to get prequalified with a loan officer and have a letter of pre-approval in hand to start looking. The market is moving very quickly and you have to be ready to go. This letter will go with an offer when you find a home to show the seller you do qualify for their home.

Resources to check out:

One of those IDHA programs might help with student debt and the other one if you stay in the home 5 years the assistance money might be forgiven.

IF you need recommendations for loan officers, real estate attorneys or home inspectors we can give you a few of each to contact so you can decide who you would like to work with.

2021 real estate market update week 13. 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

2021 Real Estate Market Update Week 12

Posted on March 27, 2021March 27, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 12

2021 real estate market update week 12. New listings of single family homes were up. 222 this week compared to 171 the week before. Increases are always exciting. We are hoping this picks up steam so there are homes to show buyers that are getting impatient. Too many have multiple offers the same day they are listed.

Closed listing of single family homes went down. 209 this week compared to 226 the week before. The last 3 days business days of the month are next week so there should be an increase then.

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

Aurora-New 26 $120,000-$1,499,000

Closed-27 $115,000-$553,000

Bolingbrook-New 13 $245,900-$799,900

Closed-12 $165,000-$474,809

Geneva-New 8 $325,000-$1,639,900

Closed-10 $292,000-$617,000

Naperville-New 50 $295,000-$1,745,000

Closed-41 $260,000-$1,800,000

Oswego-New 11 $175,000-$749,500

Closed-15 $206,000-$1,500,000

Plainfield-New 29 $219,999-$599,999

Closed-25 $200,000-$781,624

St Charles/Campton Hills-

New 25 $240,000-$1,895.000

Closed-16 $285,000-$617,500

You should be able to click on the photo above to make it larger so you can see all the communities that had activity this week. You might have to adjust what community you are looking at depending on what price range you are looking for.

Contract accepted this week

Contracts accepted this week on single family homes were slightly down. 293 this week compared to 304 the week before. You can see more contracts were accepted this week than new listings. This is the problem with low inventory. As soon as they come on the market they are gone and then some.

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

Aurora-34 Bolingbrook-19

Geneva-15 Naperville-75

Oswego-17 Plainfield-28

St Charles/Campton Hills-21 West Chicago-10

Yorkville-14

1 short sale was accepted on a single family home this week. It was in Montgomery. 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. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

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

Multiple offer situations has decreased these contingencies. Seller’s are looking for the offer with the least amount of hurdles to get through to get to closing.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 801 825 1146

Totals 1905 2078 2753

Look at the difference in the months so far. The closed column is the most important column because that is actual numbers. New listings can be relisted and contracts accepted not always make it past the home inspection and attorney approval time period. They can go back on the market and then contract pending again.

This is the last full week of the month but I think I will wait until next week to take a look back to 2020 and 2019. There is 3 business days next week still in March so I will wait.

Check back with us every Saturday for the 2021 real estate market update and at the end of each month for a comparison to the previous 2 years so you can see how this year is going.

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.

If you have been waiting for Spring market to put your home up for sale you don’t need to wait. It is here! There is not enough homes on the market and the prices are rising because of it. Request a home valuation and let us know about any updates that have been completed lately that might increase the value. 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 so you can make a good decision.

Are you wanting to buy a home this year? You need to be ready to go with a letter from a lender showing what you qualify for in price and what type of loan. Homes are moving quickly now and you will not have time to look and then get this from a loan officer. When a home hits the market that fits your criteria you need to be ready to go look and write an offer. They are going that quickly.

Resources to check out:

If you are looking for other information let me know and I will point you in the right direction. We can make recommendations for a few loan officers, home inspectors and real estate attorneys. You can decide which ones you want to work with.

2021 real estate market update week 12. 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

2021 Market Update Week 11

Posted on March 20, 2021March 20, 2021 by Kristine Heiman, Designated Managing Broker

2021 Market Update Week 11

2021 market update week 11. New listings on single family homes were down this week. 171 this week compared to 218 the week before. We are going in the wrong direction. Today is the first day of Spring. We should be listing more not less homes. Seller’s where are you? Contact me as soon as possible.

Closed listings of single family homes were up this week. 226 this week compared to 177 the week before. We are heading towards the end of the month when most buyers want to close. They should increase next week as well.

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

Aurora-New 16 $99,900-$699,000

Closed-21 $140,000-$544,000

Bolingbrook-New 12 $229,700-$410,000

Closed-12 $217,000-$438,820

Geneva-New 7 $239,900-$574,900

Closed-12 $259,000-$605,000

Naperville-New 53 $269,900-$3,000,000

Closed-51 $287,500-$1,304,000

Oswego-New 5 $269,900-$509,900

Closed-15 $220,000-$505,000

Plainfield-New 24 $183,000-$629,000

Closed-27 $195,000-$584,652

St Charles/Campton Hills-

New 14 $199,900-$1,450,000

Closed-17 $212,100-$1,200,000

Yorkville-New 6 $240,000-$425,000

Closed-10 $240,000-$414,000

You should be able to click on the photo above to see the other communities and price ranges. You might need to look at these other communities that are not your first choice to find a home. They are going fast though everywhere.

Contracts accepted this week

Contracts accepted on single family homes were up this week. 304 accepted this week compared to 289 the week before. Buyers are fighting over the listings that are available. Multiple offers are here to stay until more homes come on the market.

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

Aurora-44 Bolingbrook-20

Geneva-18 Montgomery-13

Naperville-57 Oswego-12

Plainfield-47 St Charles/Campton Hills-22

Yorkville-17

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

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 4 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours.

I really thought it would happen sooner that seller’s would not accept contracts that buyer’s still had to sell their home and close. With all the competition out there and multiple offers seller’s are looking for the offer that has as few hurdles as possible to get past.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 579 616 853

Totals 1683 1869 2460

Check back with us every Saturday for the market update. At the end of the month I will compare to 2020 and 2019 so you will have something to compare to so you can see how the market is going.

March is not even over yet and all the totals look like they will be higher than the previous 2 months. We need to at least double the new listings though.

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.

Request a home valuation if you are thinking about selling. Give us a little information about any updates you have recently completed. We will let you know what your home is worth in today’s market. 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 so you can make a good decision.

Thinking about buying a home? Contact a loan officer with all your financial information to get prequalified. You need to have everything in place and ready to go just in case you find a home. Multiple offers are the norm right now so you might not want to look at the top of your price range unless you have more cash to put down. So many homes are getting offers above the listed price because of low inventory of homes for sale.

Resources:

Let us know if there is other information that you are looking for. I would be happy to point you in the right direction. If you need recommendations for loan officers, home inspectors or real estate attorneys. We can give you a few of each to contact to see which one you would prefer to work with.

2021 market update week 11. 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

2021 Market Update Week 10

Posted on March 13, 2021March 13, 2021 by Kristine Heiman, Designated Managing Broker

2021 Market Update Week 10

2021 market update week 10. New listings of single family homes are up again. 218 this week compared to 190 the week before. This is helping but we need to double this and also have a wider range of prices.

Closing listings of single family homes are down. 177 this week compared to 213 the week before. They will increase as we head to 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 26 $160,000-$886,400

Closed-30 $55,700-$600,000

Bolingbrook-New 16 $199,900-$469,000

Closed-11 $212,000-$529,900

Geneva-New 9 $269,900-$670,000

Closed-12 $240,000-$755,689

Naperville-New 56 $300,000-$4,700,000

Closed-33 $270,000-$1,843,000

Plainfield-New 29 $210,000-$565,000

Closed-15 $236,000-$650,000

St Charles/Campton Hills-

New 17 $239,000-$795,000

Closed-12 $175,000-$1,300,000

Yorkville-New 14 $189,900-$629,495

Closed-12 $140,000-$445,000

The median list price this week is $365,000 and the median sales price is $330,000.

Contracts accepted this week

Contracts accepted this week are up. 289 this week compared to 260 the week before. With 218 new listings this week that is not replacing how many went off the market this week. We are still in a seller’s market. Now is the time to sell!

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

Aurora-33 Bolingbrook-12

Geneva-17 Naperville-69

Oswego-16 Plainfield-34

St Charles/Campton Hills-21 West Chicago-13

Yorkville-12

No short sales accepted by seller’s this week. That does not mean that there are none available. That is 2 weeks in a row.

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

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

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 408 390 549

Totals 1512 1643 2156

Check back with us every Saturday for the update. At the end of each month we will also compare to 2020 and 2019 so you can get an idea on how this year is going compared to the 2 previous 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.

It is a great time to sell. There is not enough homes on the market for the amount of buyers out there looking. Prices are rising. Request a home valuation so we can show you what your home is worth 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.

Thinking about buying this year? You might want to buy your first home or maybe a home with a little more room. Get 2 years of tax returns, all your income and debt together and contact a loan officer to get prequalified. They will provide you with a letter showing what type of loan and what price works out for you. When you find a home we will send this with an offer to show the seller’s you do qualify for their home. If you wait to find a home it will be too late. Homes are selling fast right now. You need to be ready. If it is older than 30 days you will need to get it updated.

Resources to check out:

It might be worth your time to check the different programs. There is 2 new IDHA programs that one might help out with student debt and the other one if you live there for at least 5 years you might not have to pay it back.

We have many brochures we can email you on Radon, Lead-based paint, understanding the costs and information about special service areas.

2021 Market Update Week 10. 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

2021 market update week 9

Posted on March 6, 2021March 6, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 9

2021 market update week 9. Here in the Fox Valley new listings of single family homes are up. 190 this week compared to 152 the week before. The gorgeous weather we are having has prompted sellers to get going on putting their homes on the market. We are very excited about that. There just is not enough homes for buyers to look at and this is helping. We still need more so let us know if you are thinking about selling.

Closed listings of single family homes was slightly higher. 213 this week compared to 208 the week before. Some closing that should of closed at the end of the month spill over to the beginning of the next month. Next week they might be slightly lower and then will pick back up as we get closer to the end of the month when most buyers want to close.

We are still closing on more homes than are coming on the market. It continues to be a seller’s market. Prices are still rising.

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

Aurora-New 20 $129,900-$514,900

Closed-25 $145,000-$525,000

Bolingbrook-New 4 $274,900-$359,900

Closed-19 $195,000-$445,900

Geneva-New 14 $309,900-$1,875,000

Closed-9 $267,000-$536,000

Montgomery-New 5 $214,900-$333,900

Closed-16 $115,000-$333,850

Naperville-New 45 $275,000-$1,474,999

Closed-35 $233,100-$950,000

Oswego-New 17 $240,000-$509,900

Closed-17 $217,000-$641,944

Plainfield-New 19 $209,400-$549,213

Closed-20 $263,000-$519,000

St Charles/Campton Hills-

New-12 $200,000-$995,000

Closed-12 $220,000-$1,100,000

Yorkville-New 7 $290,000-$1,150,000

Closed-17 $144,900-$435,000

Contracts accepted this week

Contracts accepted on single family homes this week were slightly higher. 260 this week compared to 257 the week before.

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

Aurora-34 Bolingbrook-14

Geneva-10 Naperville-50

Oswego-16 Plainfield-26

St Charles/Campton Hills-14 Yorkville-14

No short sales accepted by seller’s this week. That does not mean that there is not any short sales on the market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-put clause of 72 hours, 10 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. 2 with a kick-out clause of 72 hours and 1 with 48 hours.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 190 213 260

Totals 1294 1466 1867

Check back with us every Saturday for the 2021 market update. At the end of each month we take a look back at 2020 and 2019 to see how things are going this year compared to those years.

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 this year? Buyers have not stopped looking. There is not enough homes on the market. It is a great time to sell! Request a home valuation and give us some details about any improvements you have made and some of your homes features. We will let you know what it is worth in today’s market. Also, 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 wanting to buy a home this year you need to contact a loan officer to get prequalified before you begin. Get 2 years of tax returns, pay stubs and all your payment and investment information together before you call. They will provide you with a letter that shows what type of loan and price that works out best for you. We will attach this with an offer when you find a home so the sellers will know that you do qualify for their home.

Resources

We have some great brochures about homeownership if you would like me to email them to you on

Don’t go it alone
How much can you afford
Understanding the cost
Requirements for Septic System owner
Buying a condominium
Special Service Area
Getting it Sold
Radon
Lead based paint

Click on the contact form and let us know which ones to send to you.

Let me know if there is other information that you are looking for and I will point you in the right direction. If you need recommendations of real estate attorneys, home inspectors or loan officers we will provide a few that we have successfully worked with and you can decide which one to work with.

2021 market update week 9. 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

2021 market update week 8

Posted on February 28, 2021February 28, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 8

2021 market update week 8. New listings of single family homes were up this week. 152 this week compared to 133 the week before. We have had a wonderful week with temperatures. It feels like Spring!

Closed listings on single family homes were also up this week. 208 this week compared to 134 the week before. That is the difference of a week at 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 27 $115,000-$775,000

Closed-24 $122,000-$512,000

Bolingbrook-New 5 $269,900-$348,000

Closed-12 $170,000-$432,000

Geneva-New 4 $324,900-$1,150,000

Closed-12 $175,000-$600,000

Naperville-New 43 $299,000-$2,300,000

Closed-41 $265,000-$1,350,000

Oswego-New 7 $325,000-$499,900

Closed-12 $271,000-$387,000

Plainfield-New 11 $250,000-$1,189,000

Closed-23 $205,000-$540,000

St Charles/Campton Hills-

New 7 $269,900-$809,000

Closed-20 $280(which must be a mistake)-$815,000

Yorkville-New 6 $173,900-$364,900

Closed-11 $274,000-$519,900

Contracts accepted this week

Contracts accepted on single family homes were also up this week. 257 this week compared to 242 the week before. You can see the buyers are out there. With only 152 new listings we are not increasing inventory of homes. Now is the time to sell if you are thinking about it. It continues to be a seller’s market with prices increasing.

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

Aurora-31 Bolingbrook-14

Geneva-13 Naperville-37

Oswego-18 Plainfield-41

St Charles/Campton Hills-24 Yorkville-15

Only 1 short sale was accepted by a seller this week. It was in Elburn. 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. 4 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

2021 market update week 8 and also a look back at 2020 and 2019

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

totals 1104 1253 1607

2020

January 1105 566 858

February 1267 529 1024

Totals 2372 1095 1882

2019

January 878 407 568

February 1032 463 832

Totals 1910 870 1400

Closed is the column to look at. These are actual numbers. New listings can be relisted and contracts accepted can have an issue come up and go back on the market. Look how low we are with new listings even though more homes have closed this year. If you are wondering why agents are knocking on your door or you are getting something in the mail it is because of the buyers out there with nothing to look at. If you are thinking about selling now is the time.

Check back with us every Saturday for the market update. At the end of each month I will compare it to the previous 2 years so you can see how this year is going.

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.

If you are thinking about selling this year request a home valuation so we can let you know what your home is worth 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.

Thinking about buying a home this year? Talk with a loan officer first to get prequalified. Get all your information together and keep it in a folder to keep handy. They will provide you with a letter showing what type of loan and what price works out best for you. When you find a home this will go with your offer to show the seller that you do qualify for their home.

Resources that might help you:

If there is other information that you are looking for let me know and I will point you in the right direction. We can recommend a few real estate attorneys, home inspectors or loan officers so you can choose who you want to work with.

2021 market update week 8. 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

2021 market update week 7

Posted on February 20, 2021February 20, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 7

2021 market update week 7 here in the Fox Valley area of Illinois. New listings of single family homes were down. 133 this week compared to 148 the week before. We are not going in the right direction. It was extremely cold this week and next week we should head into the 30’s so that should help.

Closed listings of single family homes were up. 134 this week compared to 116 the week before. We are heading into the end of the month so they should even be higher next week.

I included the graph this time so you can see the information presented that way as well.

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

Aurora-New 12 $150,000-$425,000

Closed-25 $145,100-$435,000

Geneva-New 10 $285,000-$949,900

Closed-4 $237,500-$657,500

Naperville-New 25 $325,000-$7,250,000

Closed-29 $342,000-$1,200,000

Oswego-New 9 $269,900-$974,800

Closed-10 $270,000-$520,000

Plainfield-New 24 $249,900-$629,712

Closed-15 $168,000-$449,900

St Charles/Campton Hills-

New 13 $232,900-$2,000,000

Closed-4 $286,000-$410,000

The graph above shows minimum list price $144,900, median price $369,00, average price $439,234 and maximum price $7,250,00

Closed sale price minimum $145,000, median $325,656, average $360,137 and maximum $1,200,000.

Contracts accepted this week

Contracts accepted this week on single family homes was up. 242 this week compared to 228 the week before. Even with the extreme temperatures it did not keep the buyers from getting out there looking and writing offers. So no reason to wait to get your home on the market today.

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

Aurora-42 Batavia-13

Bolingbrook-10 Geneva-16

Naperville-45 Plainfield-30

St Charles/Campton Hills-16

Only 1 short sale was accepted by a seller this week. It was in Aurora. 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. 3 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

Contracts accepted minimum price was $105,000, median $353,220, average $403,289 and maximum $2,150,000.

You can see the median and average prices of new, closed and contracts accepted are all in the $300,000 and into the $400,000 price range. That is not affordable to the average buyer out there. We need more listings under those price ranges so more buyers can purchase.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 409 396 721

Totals 952 1045 1550

Check back with us every Saturday for the market update. At the end of each month I will compare this year to the previous 2 years so you can see how the market is doing.

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.

E-learning had changed things this year and last. People are not working around the school schedule like they normally would. Buyers are not waiting for Spring market to close and move at the end of May through August. They are have stayed out there looking for homes because of the shortage of inventory and it really doesn’t matter when they move.

Right now is the time to get your home on the market if you are thinking about selling this year. Low inventory has really increased the prices. Request a home valuation so I can let you know what your home is worth in today’s market. I will provide you with a net proceeds that shows you the expenses to sell. When an offer comes in and we know all the terms this will be updated so you can make a good decision.

Thinking about buying a home this year. Get in touch with a loan officer right away so you can get prequalified so you are ready to go. They will give you a letter that will go with an offer when you find a home. It will show what price and type of loan you qualify for so a seller will know that you qualify for their home. Be ready to go look as soon as a home comes up in your price range and be ready to make an offer. Some homes are getting offers the day they put it on the market if it is priced right and in good condition.

Resources to check out:

Even if you do not think you might qualify for assistance it is worth checking out. Some lenders also offer assistance you need to ask them.

If you are looking for other information let us know so we can point you in the right direction.

2021 market update week 7. 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

2021 market update week 6

Posted on February 13, 2021February 13, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 6

2021 market update week 6. New listings of single family homes is up by exactly 20. 148 this week compared to 128 the week before. Even with all the snow seller’s made the decision to put their home on the market. Great choice because we are in a seller’s market! We hope this will increase as we go forward. There are too many buyer’s out there waiting for new listings to come on the market.

Closed listings of single family homes was down this week. 116 this week compared to 146 the week before. Closings will increase as we head to 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 24 $129,900-$634,999

Closed-13 $110,000-$430,000

Bolingbrook-New 5 $199,900-$299,900

Closed-14 $205,000-$368,000

Naperville-New 27 $339,900-$2,399,000

Closed-19 $357,000-$915,000

Plainfield-New 16 $239,900-$479,900

Closed-13 $195,000-$452,500

St Charles/Campton Hills-

New 14 $269,900-$3,995,000

Closed-10 $262,500-$815,000

Contracts accepted this week

Contracts accepted on single family homes was down this week. 228 this week compared to 251 the week before. New listings were down last week so that probably contributed to lower accepted contracts this week.

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

Aurora-37 Batavia-11

Bolingbrook-16 Geneva-11

Naperville-52 Oswego-19

Plainfield-23 St Charles/Campton Hills-10

5 short sales were accepted this week. 3 in Aurora and 1 each in Geneva and Waterman. 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. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 3 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 1 that might be 24 hours but it was not marked so I don’t know.

There is still confidence in the market with sellers accepting these contingencies.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 276 262 479

Totals 819 911 1308

Closed listings is the numbers you should pay attention too. They are actual numbers. New listings can be cancelled and relisted as new and contracts accepted sometimes do not make it past the home inspection and attorney review and go back on the market. Then get a contract accepted again.

At the end of each month I will compare to the previous 2 years so you have something to compare to so you can see how this year is going.

Check back with us every Saturday for the 2021 market update.

Contact us

Call us at 630-503-6555. Your goal is our goal. We will do everything we can to help you reach your goal whether buying/selling a home.

Thinking about selling this year? Request a home valuation and give us some details about your home and any updates that you have recently completed. We will let you know what it is worth in today’s market 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.

If you are thinking about buying a home you will need to contact a loan officer to get prequalified. Get together 2 years of tax returns, pay stubs, bank statements, credit card statements, car loan information and any other monthly expenses you have. They will provide you with a letter showing the price and type of loan that works out best for you. When you find a home this will need to go with your offer so you can show the seller that you do qualify for their home.

Resources to check out:

There is some great information in each of these sites. If there is any other information that you are looking for let me know and I will point you in the right direction.

Do you need recommendations on loan officers, real estate attorneys or home inspectors? We can give you a few of each to contact so you can decide who you want to work with.

2021 market update week 6. 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