Fox Valley Real Estate Market Update Week 40

Posted on October 9, 2021October 9, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 40

Fox Valley real estate market Update week 40. New listings of single family homes are exactly the same number as last week. 205 new listings for both weeks. We do love consistency, but the number is way down farther than we like it to be.

Closed listings of single family homes is down. 228 this week compared to 338 the week before. This is because it is the beginning of the month. 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 24 $149.900-$690,000

Closed-42 $99,000-$615,000

Bolingbrook-New 17 $235,000-$514,900

Closed-20 $220,000-$522,000

Montgomery-New 10 $175,000-$345,000

Closed-10 $185,000-$370,000

Naperville-New 40 $300,000-$1,475,000

Closed-24 $245,000-$1,350,000

Oswego-New 15 $235,000-$489,900

Closed-7 $155,000-$605,000

Plainfield-New 24 $179,900-$649,900

Closed-31 $240,000-$1,160,000

St Charles-New 16 $99,900-$1,550,000

Closed-20 $115,000-$760,000

Yorkville-New 9 $229,000-$925,000

Closed-11 $39,900-$550,000

There are many more communities on the image above. If you are looking for a community with less turnover you might want to take a look.

Financing used, median list and closed price and 2,000 square feet or more

Median list price this week is $350,000, last week $349,315.

Closed median price this week $355,000, last week $340,000.

Conventional is still the most used financing. There were 153 this week, last week 243.

Cash closed this week 28, last week 41.

Fox Valley Real Estate Market Update Week 40-Conventional and Cash — Conventional and Cash

FHA closed this week 33, last week 39.

VA closed this week 11, last week 13.

Fox Valley Real Estate Market Update Week 40-FHA and VA — FHA and VA Financing

2,000 or more square feet closed this week 131, last week 183. The median price closed this week $420,000, last week $415,000. Minimum closed 2,000 or more square feet this week is $216,000, last week $90,000.

Fox Valley Real Estate Market Update Week 39-2000 or more SF — 2000 or more square feet

This gives you an idea on pricing, which financing will most likely get accepted from a seller and the size of the homes here in the fox Valley. When you are getting pre approved with a loan officer you might want to keep this in mind.

Contracts accepted this week

Contracts accepted this week were up. 256 this week compared to 248 the week before. Even though new listings were down, contracts accepted went up.

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

Aurora-47 Bolingbrook-25

Naperville-40 Oswego-12

Plainfield-32 St Charles-20

2 short sales were accepted by seller’s this week. 1 each in Aurora and Plainfield. Now they will be submitted to the lender to see if they will also accept. Most homes today have appreciated enough with today’s prices that they can sell without going through the short sale process. If you are having difficulty paying for your mortgage contact us so we can let you know where you are at. You might even walk away with money in your pocket.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 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 with a kick-out clause of 72 hours, also 1 with 48 hours and 2 with 24 hours.

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 205 228 256

Totals 9156 10276 11296

Closed is the most important column to keep track of. Not all deals close. Some do not make it past the home inspection and attorney review period. Some of them have had issues with the appraisal, and others the loan was not approved.

Check back with us every Saturday for the update. At the end of the month we will also take a look back at 2020 and 2019 so you have that to compare to.

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 a home valuation and give us some details about your home. Let us know what has been recently completed. Any updates recently.

Thinking about buying a home? You will need to get all of your financial information together and contact a loan officer to get pre approved. Just calling them and giving your information over the phone is not good enough right now. You will need to take this extra step so when you find a home the seller will be more willing to accept your offer knowing that you qualify.

Resources:

We can make recommendations for a few loan officers, real estate attorneys and home inspectors so you can choose who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley real estate market update week 40. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 38

Posted on September 25, 2021September 25, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 38

Fox Valley real estate market update week 38. New listings of single family homes were up. 233 this week compared to 202 the week before. Inventory just will not increase enough for the amount of buyers that are out there looking.

Closed listings of single family homes was down. 232 this week compared to 249 the week before. The last week of the month ends next Thursday. They should increase next week.

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

Aurora-New 44 $95,000-$495,000

Closed-32 $112,000-$479,000

Batavia-New 10 $185,000-$879,900

Closed-5 $230,000-$587,928

Bolingbrook-New 18 $250,000-$610,000

Closed-20 $160,000-$475,000

Geneva-New 11 $189,900-$475,000

Closed-5 $270,000-$588,000

Naperville-New 36 $385,000-$14,999,000

Closed-36 $260,000-$1,100,000

Oswego-New 7 $285,000-$669,999

Closed-10 $310,000-$545,000

Plainfield-New 24 $209,900-$635,900

Closed-36 $211,500-$725,000

St Charles-New 22 $135,000-$2,295,000

Closed-23 $170,000-$2,300,000

Yorkville-New 19 $179,900-$444,848

Closed-13 $180,000-$508,000

I had to go back and search Naperville for the home listed for $14,999,000 to see if it was correct. You don’t see that very often.

Financing, median price and 2,000 square foot or more

Median list price of single family homes this week was $350,000, last week $349,900.

Closed median price this week $335,000, last week $336,137.

Fox Valley Real Estate Market Update Week 38-Stats 092521 — Median list and closed price

Prices and not changing that much. They are going down in some areas but not enough to change the median prices.

Conventional financing is still the financing most seller’s are accepting. 163 closed this week compared to 183 the week before.

Cash is king but not offered as much. 25 closed this week compared to 21 the week before.

Fox Valley Real Estate Market Update Week 38-Conv and Cash — Conventional and Cash

FHA financing is not getting accepted by seller’s as much. 37 closed this week compared to 39 the week before.

4 VA deals closed this week compared to 6 the week before.

Fox Valley Real Estate Market Update Week 38-FHA and VA — FHA and VA

Single family homes closed with 2,000 square feet or more this week 131, last week 136 with a median price of $417,000 and minimum price of $165,000. This gives you an idea of size of homes closed in the Fox Valley area and prices. This is a little over half of the homes closed this week were over 2,000 square feet.

Fox Valley Real Estate Market Update Week 38-2000 SF or more — 2,000 square feet or more closed this week

Contracts accepted this week

Contracts accepted on single family homes were up. 277 this week compared to 268 the week before. It all depends on what is listed throughout the week and what location. Buyer’s are waiting on new listings to come on the market.

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

Aurora-47 Bolingbrook-22

Geneva-13 Montgomery-14

Naperville-43 Oswego-17

Plainfield-39 Yorkville-19

2 short sales were accepted by seller’s this week. 1 each in Naperville and Plainfield. Now they will be submitted to the lender to see if they will also accept. Most people that are struggling with making their payments don’t have to go the short sale route. Prices have increased enough that they can sell and break even or they might even walk away with money at closing.

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

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 878 1073 1003

Totals 8746 9710 10792

The reason closed are more than new listings is because of closings from deals that were accepted from previous year.. Contracts accepted are more than closed because some homes come back on the market after receiving a contract because of issue with home inspection or attorney review that didn’t get resolved. They go back on the market and receive another contract.

You can see how tight the market is. Prices will keep on increasing until inventory exceeds buyer demand.

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 your home. 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? You need to get all your financial information together and get it to a loan officer so they can get you pre approved before you start looking. They will give you a letter showing what you are pre approved for that will go with an offer when you find a home. This needs to be 30 days old or less. If it is more than that you will need them to update it.

Resources:

If you need recommendations for a loan officer, real estate attorney or home inspector we can provide you with a few so you can decide who you want to work with.

It has been a crazy market throughout this pandemic. People have not stopped the need for a home. In most cases it has made it more important.

Fox Valley real estate market update week 38. Have a great week!

Kristine Heiman, SFR. SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Market update Fox Valley week 49

Posted on December 5, 2020December 12, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 49

Market update Fox Valley week 49. New listings of single family homes are up 42.86%. 130 this week compared to 91 the week before that was Thanksgiving week. Holidays can make a big difference.

Closed listings of single family homes were up 52.33%. 294 this week compared to 193 the week before. When you have a holiday at the end of the month some of the closings get pushed back to beginning of the next month. It is hard to get them all in in 3 days.

We are heading into the final weeks of the year. Most of the sales now will most likely close in the new year unless it is a cash sale.

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

Aurora-New 18 $129,900-$459,000

Closed-43 $120,000-$449,000

Bolingbrook-New 16 $209,900-$450,990

Closed-21 $164,000-$560,000

Geneva-New 3 $410,000-$958,900

Closed-12 $337,000-$815,000

Montgomery-New 3 $270,000-$335,000

Closed-11 $186,000-$351,000

Naperville-New 27 $288,050-$1,298,700

Closed-48 $270,000-$1,950,000

Oswego-New 6 $199,900-$389,900

Closed-11 $190,000-$429,365

Plainfield-New 10 $185,873-$999,800

Closed-27 $231,500-$389,000

St Charles/Campton Hills-

New 11 $250,000-$824,900

Closed-28 $186,000-$1,400,000

West Chicago-New 6 $214,900-$339,900

Closed-12 $162,000-$550,000

Yorkville-New 9 $235,000-$429,900

Closed-15 $193,000-$359,000

Contracts accepted this week

Contracts accepted this week were down 5.08%. 187 this week compared to 197 the week before. Not too bad when the week before we were way down in new listings. Not a lot of choices for the amount of buyers that are out there. We are still seeing multiple offers.

You need to have a good strategy in place right now if you are a buyer. You need to be ready to go look and not hesitate to write an offer.

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

Aurora-28 Bolingbrook-17

Naperville-23 Plainfield-31

St Charles/Campton Hills-17

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

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

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

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 130 294 187

Totals 11960 11192 13550

The closed column is the most important one. These numbers show you what actually happened. New listings and contracts accepted columns are inflated with homes that could of been relisted as new or received a contract and did not go through and then received another contract.

September so far is the best month for closed homes. Usually it drops off a little after school starts but not this year. It is still a sellers market. There are more buyers than homes for sale. This has caused prices to rise. Interest rates are still fantastic!

Some people don’t realize how good the market is right now. They think because of the pandemic the market is not moving but it sure is.

Contact us

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

Thinking about selling your home? Request a home valuation and we will let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses to sell so you will have an idea of what you have to work with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home? Your first step is to get a couple of years tax returns, pay stubs, bank statements and any other thing that you pay monthly like credit cards or car payments together. Call a loan officer to get prequalified. They will provide you with a letter showing the type of loan and the price that will work out best for you. When you find a home we will need to send this with an offer to show sellers that you qualify.

Check out some great resources:

If you need any other information let us know and we will point you in the right direction. Do you need recommendations for real estate attorneys, home inspectors or information on radon? Let us know and we will provide you with people that we have worked with before or we can send you pamphlets on the information that you are looking for.

Market update Fox Valley week 49. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 25

Posted on June 20, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 25

Market update Fox Valley week 25. The best way to describe the market this week is consistent all around. 308 new listings of single family homes compared to 303 the week before.

209 closed listings this week compared to 212 the week before. We like consistency!

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

Aurora-New 44 $89,900-$449,000

Closed-33 $85,000-$460,000

Bolingbrook-New 23 $204,900-$599,900

Closed-14 $170,000-$495,000

Geneva-New 22 $239,900-$1,144,000

Closed-13 $203,000-$1,170,000

Naperville-New 66 $279,000-$1,900,000

Closed-46 $225,000-$1,100,000

Oswego-New 10 $186,900-$649,900

Plainfield- New 36 $100,000-$719,000

Closed-31 $181,000-$525,000

St Charles/Campton Hills-

New-21 $289,900-$1,299,000

Closed-11 $115,000-$415,000

Sugar Grove-New 10 $269,900-$628,000

Closed-2 $300,000-$312,000

Yorkville-New 11 $115,000-$574,900

Closed-3 $252,500-$319,900

Contracts accepted this week

Contracts accepted this week were also consistent. 401 single family homes accepted this week compared to 390 the week before. These numbers would be higher if there were more homes on the market. There just never seems to be enough.

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

Aurora-50 Batavia-15

Bolingbrook-25 Geneva-21

Montgomery-12 Naperville-70

North Aurora-12 Oswego-24

Plainfield-56 St Charles/Campton Hills-36

West Chicago-12 Yorkville-13

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 23 with a kick-out clause of 72 hours, 16 with 48 hours and 5 with 24 hours.

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

There is confidence in the market when seller’s accept contracts that are contingent on more than financing.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 937 660 1,151

May so far is the best month for all 3 new, closed and contracts accepted. June looks like it is going well but we will see if it turns out to be as good as May. April was the only blip on activity so far during this pandemic. Next Saturday is the last full week of June so we will compare the previous 2 years so you can see how things are going compared to 2019 and 2018.

Contact us

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

Thinking about selling your home this year? It is a fantastic time to sell. Buyers are eagerly waiting for new homes to come on the market. I think this pandemic showed buyers the need for a home especially one with more space and a nice sized yard.

If you are thinking about buying a home you need to call a loan officer first to get pre-qualified so you know what type of loan and what price range will work out best for you. Let us know if you need recommendations.

Check out some great resources:

Market update Fox Valley week 25. Have a great week!

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley May 30 2020

Posted on May 30, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley May 30 2020

Market update Fox Valley May 30 2020. New listings of single family homes were down 11% this week. 250 this week compared to 281 the week before. This definitely does not help with the low inventory. We need new listings.

Closed listings of single family homes were up 11 1/2% this week. The end of the month is usually higher than earlier in the month. Most buyers like to close at the end of the month.

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

Aurora-New 35 $114,900-$569,000

Closed-23 $140,007-$760,000

Batavia-New 14 $225,000-$589,000

Closed-3 $205,000-$850,000

Bolingbrook-New 11 $193,000-$315,000

Closed-14 $170,000-$580,000

Elburn-New 10 $309,900-$434,500

Closed-3 $175,000-$383,000

Geneva-New 12 $285,000-$525,000

Closed-12 $225,000-$450,000

Naperville-New 49 $155,000-$5,400,000

Closed-40 $305,000-$1,435,000

Oswego-New 10 $264,900-$474,900

Closed-13 $149,900-$471,500

Plainfield-New 27 $210,000-$1,100,000

Closed-22 $140,000-$526,000

St Charles/Campton Hills-

New 24 $123,900-$824,900

Closed-23 $209,900-$725,000

Yorkville-New 5 $243,900-$399,600

Closed-10 $185,000-$365,000

Contracts accepted this week

Contacts accepted this week of single family homes were identical to the week before. 320 both weeks. Spring market is continuing with a lot of activity. Homes are selling fast if they are in good condition and priced right. It is a great time to sell.

Look at the communities that sellers accepted the most contracts:

Aurora-42 Batavia-10

Bolingbrook-19 Montgomery-15

Naperville-47 Oswego-19

Plainfield-43 St Charles/Campton Hills-25

Sugar Grove-11 West Chicago-17

3 short sales were accepted by sellers this week. 1 each in Bolingbrook, Naperville and West Chicago. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 22 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours and 5 with 48 hours.

This is a good sign sellers are confident in the market. Back after the market drop in 2010 it took many years for sellers to accept a contract with a contingency of a sale of buyers home.

2020 by the month market update

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

Totals 5,558 3,598 5,180

2019

January 878 407 568

February 1,032 463 832

March 1,731 915 1,375

April 1,594 792 1,307

May 1,645 995 1,280

Totals 6,880 3,572 5,362

2018

January 808 482 606

February 1,040 444 856

March 1,549 907 1,564

April 1,515 836 1,278

May 1,569 1,066 1,344

Totals 6,481 3,735 4,304

2018 was the best year out of the 3 for closed homes which is the most important number but we are ahead of 2019 so far this year.

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.

Selling a home

We are now in phase 3 of Restore Illinois during Covid-19 pandemic. You can click on the link in yellow to see some of the guidelines on how we do business during this time. We have been classified as essential.

If you are thinking about selling during this time the market is busy. You will be directing us on how you want to do business. Do you want to allow in-person showings or do you want virtual showings only. If you do allow showings how do you want them to do that. Wear shoe coverings, wipe down everything they touch, limit how many people enter the home and wear face covering. You will decide what you will allow.

We will talk to you on the phone or we can do video meetings to go over everything. Update the value on your home in today’s market and provide you with a net proceeds that shows you the expenses to sell. This will be update when have an offer come in and we know all the terms.

Buying a home

If you are wanting to buy a home you will need to get pre-qualified with a loan officer. We can make recommendations if you do not know who to call. They will provide you with a letter that states what type of loan will work out best for you and the price that you qualify for. This will go with an offer when we find the home you like.

Check out some great resources:

Market update Fox Valley May 30 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

Market update Fox Valley May 30 2020 Kristine — Kristine Heiman, Designate Managing Broker

Market update Fox Valley April 18 2020

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

Market update Fox Valley April 18 2020

Market update Fox Valley April 18 2020. New listings were slightly higher this week. 178 new listings of single family homes compared to 168 the week before. We are heading in the right direction slowly. This should increase as more people get used to our new normal way of doing things. Sellers might even like this market better because I think it has slowed down the showings that are not seriously looking for your type of home.

Closed listings were consistent this week. 182 closing on single family homes this week compared to 180 the week before. You can’t get more consistent than that. They should go up as we head into the end of the month when most buyers like to close.

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

Aurora-New 19 $149,000-$924,900

Closed-25 $90,000-$580,000

Bolingbrook-New 9 $168,108-$445,000

Closed-16 $163,000-$435,000

Geneva-New 10 $207,000-$437,500

Closed-12 $232,500-$622,000

Naperville-New 47 $275,000-$2,250,000

Closed-39 $170,000-$1,099,000

Oswego-New 11 $199,000-$515,000

Closed-7 $162,900-$364,900

Plainfield-New 20 $243,500-$730,000

Closed-26 $154,000-$540,500

St Charles/Campton Hills-

New 11 $234,900-$744,900

Closed-13 $248,000-$555,000

Contract accepted this week

Market update Fox Valley April 18 2020-Contracts accepted this week — Single Family Homes

Contracts accepted by sellers this week were just under 8% higher this week. 190 contracts accepted compared to 176 the week before. This is also going in the right direction. We hope to see this continue.

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

Aurora-26 Bolingbrook-21

Montgomery-10 Naperville-28

Oswego-16 Plainfield-31

St Charles/Campton Hills-11

Some homes are allowing showings and others are by virtual tour.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 440 608 538

At the end of the month check back with us and we will compare to last 2 years so you can see the changes.

Contact us

Call us at 630-503-6555 ext 101 with all of your real estate questions. Your goal is our goal.

Covid-19 has changed the way we do business. There are so many reasons people need to buy and sell a home that is why they have classified us as an “essential business.” Some homeowners are allowing showings and others are not. Some want virtual showings only. Your needs are what is important to us.

We can do video meetings and you can show us around your home so we can do a market analysis to update the value of your home. We will provide a net proceeds that shows the expenses of selling your home so you have an idea where you are at. This will be updated when an offer comes and we know all the terms.

Are you looking to buy a home? You need to get pre-qualifed with a loan officer. It is even more important now to see what type of loan and the price range you need to be in. Things are changing with some lenders. They will keep you up to date with all changes.

Check out some great resources:

Home inspections and closings are a little different right now. You used to be able to go in with the home inspector so they coud show you how to maintain the home while they go through. Now just the home inspector goes in. They will still give you a report and can go over things with you.

Closings are done differently with each title company. We can let you know once a title company is chosen how they are doing things.

Market update Fox Valley April 18 2020. Have a great week! Stay safe and healthy while we go through this health event.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

We are working remotely at this time. You can reach us anytime though.

630-503-6555 ext 101

Market update Fox Valley April 11 2020

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

Market update Fox Valley April 11 2020

Market update Fox Valley April 11 2020. New listings went down a little over 13% this week in the Fox Valley. 168 new single family home listings this week compared to 194 the week before. This is not the normal direction for this time of year. These are not normal times. We will keep an eye on this and continue to report to you as time goes on.

Closed listings were also down almost 27%. This is the beginning of the month when the numbers are usually lower anyway. We will see how things go getting towards 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 20 $65,000-$415,000

Closed-22 $95,000-$443,000

Bolingbrook-New 10 $174,900-$429,900

Closed-11 $143,000-$387,500

Geneva-New 7 $309,900-$635,000

Closed-12 $108,000-$530,000

Naperville-New 34 $239,900-$2,079,000

Closed-37 $240,000-$890,000

Plainfield-New 26 $224,900-$599,000

Closed-31 $159,000-$705,000

Plano-New 11 $144,900-$230,990

Clsoed-1 $238,655

St Charles/Campton Hills-

New-10 $175,000-$1,395,000

Closed-13 $202,000-$825,000

Yorkville-New 4 $224,500-$305,000

Closed-12 $141,000-$395,000

Contracts accepted this week

Contracts accepted this week were very consistent. 176 single family homes accepted by sellers this week compared to 172 the week before. Homes are still selling even during this pandemic.

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

Aurora-22 Bolingbrook-10

Naperville-33 Plainfield-23

St Charles/Campton Hills-18 Yorkville-11

2 short sales were accepted by sellers this week. 1 each in Naperville and Yorkville. 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. 7 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 362 426 348

At the end of the month I will compare it to the last couple of years so you can see the difference.

New process during the pandemic

The Governor has ordered a “stay-at-home” during this pandemic until April 30th. We will let you know if this gets extended. We are classified as “essential services” during this time. It is not business as usual. We are not allowed to do Open Houses during this time. We are encouraging virtual showings also. Some homes are still allowing showings. It is a good time to drive by and see if the setting is something you would like and to look at photos to see if the home might fit your needs. If after a virtual showing you think this might be the one we will try to set up a physical showing.

Home inspections are now done by the inspector and they will give you a report. They will be the only ones going in.

Talk to your loan officer to see how they are having you start the loan process. They will also update you on any changes in the market.

Some title companies are still having you come to closing and others are doing curbside closings. They have the sellers sign documents ahead of time and only the buyer signs the day of closing. We are not to be there. Only the people that need to sign and attorneys are welcome.

We know that you might have a lot of questions during this time. We would be happy to do a video meeting with you to go over everything and answer your questions whether you are wanting to sell a home or buy a home. You can also call or email us. We want to communicate with you the way it works out best for you.

Contact us

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

If you are wanting to sell a home let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the expenses to sell your home. This will be updated when an offer comes in.

If you are wanting to buy a home you need to contact a loan officer to get pre-approved. They will give you a letter showing what you qualify for and the type of loan that will work out best for you. This will go with an offer when you find the right home.

If you need recommendations for a loan officer, real estate attorney or home inspector we can give you a few to choose from.

Check our some great resources:

Market update Fox Valley April 11 2020. Happy Easter and a wonderful week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Market update Fox Valley-March 7 2020

Posted on March 7, 2020March 7, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-March 7 2020

Market update Fox Valley-March 7 2020. New listings of single family homes were up 22% this week. 377 this week compared to 309 the week before. Spring market is in full swing so don’t wait! Now is the time to get your home on the market.

Closed listings were down about 17% this week. 171 this week compared to 208 the week before. That is the difference between the beginning of the month and the end of the month. These numbers will increase as we get towards the end of the month.

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

Aurora-New 39 $89,900-$924,900

Closed-37 $105,000-$489,900

Batavia-New 16 $222,000-$565,000

Closed-4 $270,000-$510,000

Bolingbrook-New 25 $169,900-$750,000

Closed-13 $130,000-$407,500

Geneva-New 14 $249,000-$719,000

Closed-3 $330,000-$455,000

Montgomery-New 10 $179,000-$294,900

Closed-6 $185,000-$289,900

Naperville-New 77 $199,900-$2,850,000

Closed-22 $289,900-$1,135,000

Oswego-New 20 $185,000-$677,000

Closed-11 $231,000-$315,000

Plainfield-New 41 $149,900-$1,200,000

Closed-20 $125,000-$529,000

Plano-New 10 $147,500-$399,900

Closed-2 $195,000-$319,000

St Charles/Campton Hills-

New-32 $159,000-$1,279,000

Closed-11 $210,000-$650,000

West Chicago-New 15 $187,900-$539,900

Closed-6 $147,184-$395,000

Yorkville-New 20 $144,900-$524,900

Closed-9 $205,000-$520,000

Contracts accepted this week

Contracts accepted this week were down about 11%. 267 this week compared to 303 the week before. We are having gorgeous weather this weekend going into next week so these numbers should go up next week. Also, there is a bigger range of priced homes that were listed this week. That will help a wider range of buyers to find a home.

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

Aurora-3 Batavia-1

Bolingbrook-17 Geneva-17

Montgomery-10 Naperville-45

Oswego-16 Plainfield-39

St Charles/Campton Hills-20

4 short sales were accepted by sellers this week. 1 each in Batavia, Bolingbrook, Plano and Yorkville. Now they will be submitted to the lender to see if they will also accept. We are happy that short sales remain low.

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, 9 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. 1 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 377 171 267

At the end of the month I will compare it to the last few years so you can see how the market changes from year to year.

Contact us

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

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 and your equity. This will be updated when we get an offer on your home and we know all the terms so you can make a good decision.

Thinking about buying a home this year? 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 out best for you. If you need recommendations we would be happy to give you a few loan officers to contact to see who you want to work with.

Check out some great resources:

If there is other information you are looking for just let us know and we will try to point you in the right direction. Spring market is a very exciting time of year. You need to be available and ready to go when a home comes on the market so you don’t miss out on it. So get your taxes done and keep all your information in a folder so it is ready if you need it.

Market update Fox Valley-March 7 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

Market update Fox Valley-February 29 2020

Posted on February 29, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-February 29 2020

New listings are slightly down this week. 309 this week of single family homes compared to 318 the week before. Not too bad but it is going in the wrong direction. We need new listings. Spring market is here so get your property market ready and let’s get it on the market.

Closed listings are up 87% from the week before. 208 closed listings of single family homes compared to 111 the week before. It is the end of the month. This is a dramatic way to show you the difference. Buyers want to close at the end of the month so they bring less interest to closing. They want to come into closing with the least amount of money to close.

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

Aurora-New 28 $100,000-$574,900

Closed-31 $80,000-$398,000

Batavia-New 14 $230,000-$729,900

Closed-10 $219,900-$628,424

Bolingbrook-New 19 $199,000-$789,000

Closed-25 $97,500-$412,500

Geneva-New 10 $235,000-$1,120,000

Naperville-New 73 $289,000-$1,899,000

Closed-28 $272,000-$1,399,888

Oswego-New 23 $184,900-$449,900

Closed-15 $192,000-$375,000

Plainfield-New 29 $210,000-$549,900

Closed-27 $139,650-$455,000

St Charles/Campton Hills-

New 28 $199,900-$1,150,000

Closed-20 $67,500-$689,653

Yorkville-New 20 $200,000-$614,900

Closed-10 $169,050-$446,500

Contracts accepted this week

Contracts accepted this week were up just under 10%. 303 accepted single family homes this week compared to 276 the week before. This is good news and if the new listings of single family homes continue to come on the market this will continue to go up. We still are dealing with an inventory problem. There is not enough homes on the market for the buyers that are wanting to find a home.

Look at the communities that sellers accepted the most contracts:

Aurora-42 Bolingbrook-18

Geneva-16 Montgomery-21

Naperville-48 Oswego-15

Plainfield-47 St Charles/Campton Hills-22

Yorkville-17

5 short sales were accepted this week by sellers. 2 in Plainfield and 1 each in Elburn, Winfield and Yorkville. 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. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

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

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

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

Now take a look back to 2019

January 878 407 568

February 1032 463 832

Take a look at 2018

January 808 489 606

February 1040 444 856

We are headed in the right direction.

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.

Spring is here already so don’t wait to put your home on the market. You don’t want to miss the busiest time of the year. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the estimated expenses to sell so you will have an idea of what kind of equity you have to work with. This will be updated when an offer comes in and we know all the terms so you will be able to make a good decision.

Thinking about buying a home this year? After you have talked to a loan officer and pre-qualifed let us know the price range and type of loan that will work out best for you and we will help you find the home that meets your goals. Let us know the vision of the home that you are looking for and what towns you would like to look. You need to be ready to go when a listing comes up so you don’t miss out.

Check out some great resources:

Let us know if there is other information you are looking for. We are happy to point you in the right direction. If you need recommendations for real estate attorneys or home inspectors once you find a home or you get a contract accepted on your home we can give you a few to contact so you can make the decision who to work with.

Market update Fox Valley-February 29 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 change to satellite view and it also has a chat feature.

Market update Fox Valley-February 22 2020

Posted on February 22, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-February 22 2020

Market update Fox Valley-February 22 2020. New listings of single family homes increased just under 8% this week. 318 new listings this week compared to 295 the week before. We are headed in the right direction. Buyers it is time to get busy and closely look at the new listings that are coming up and see them right away.

Closed listings were slightly down this week. 111 this week compared to 117 the week before. One more full week left to the month and I am not sure we will get to the numbers of closings that we had in January. March will be much different. There were 858 contracts accepted in January that most of them will be closing in March so we will see these numbers go way up.

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

Aurora-New 35 $114,500-$614,900

Closed-9 $93,000-$470,000

Batavia-New 17 $207,500-$799,000

Closed-5 $225,000-$827,500

Bolingbrook-New 21 $149,900-$409,000

Closed-9 $233,500-$425,000

Geneva-New 11 $345,000-$797,900

Closed-9 $115,000-$372,000

Montgomery-New 12 $175,000-$359,020

Closed-7 $132,750-$282,500

Naperville-New 65 $300,000-$1,250,000

Closed-21 $259,900-$1,250,000

Plainfield-New 46 $159,900-$649,000

Closed-10 $222,000-$450,000

St Charles/Campton Hills-

New-22 $249,900-$1,399,000

Closed-8 $235,000-$550,000

Yorkville-New 17 $239,500-$725,000

Closed-5 $220,000-$388,000

Contracts accepted this week

Contracts accepted this week were almost 16 1/2 % up this week. 276 single family homes accepted this week compared to 237 the week before. Buyers are ready to go sellers! It is time right now to get your home on the market.

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

Aurora-31 Batavia-12

Bolingbrook-20 Geneva-14

Minooka-10 Montgomery-10

Naperville-37 Oswego-11

Plainfield-45 St Charles/Campton Hills-22

Sugar Grove-10 Yorkville-14

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

Sellers also accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 with 48 hours and 4 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 958 321 721

We have one more full week left in February. We will pass up the January totals for New listings and Contracts accepted but I am not sure about closed listings.

Contact us

Call us at 630-503-6555 ext 101. Your goal is our goal. We will do everything we can to help you reach your goal.

Now is the time to get busy getting your home market ready. Spring market is here. Let us update the value of your home in today’s market. We will provide you with a net proceeds that gives you an estimate of expenses to sell and shows you about how much you will have to invest in another home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home you will need to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you. If you need recommendations we will provide you with a few to contact so you can decide who you would like to work with.

Check out some great resources:

Market update Fox Valley-February 22 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 change to satellite view and it also has a chat feature.