Market update Fox Valley week 39

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

Market update Fox Valley week 39

Market update Fox Valley week 39.

New listings on single family homes were exactly the same.. 228 this week compared to 228 the week before. We need a bigger variety of price ranges and more homes for sale. Severe inventory shortage of single family homes available continues.

Closed listings of single family homes were down 11.78%. 262 this week compared to 297 the week before. They usually go up as we head closer to the end of the month.

Take a look at the communities that had the most activity this week:

Aurora-New 24 $135,000-$635,000

Closed-25 $75,000-$600,000

Batavia-New 7 $179,900-$399,500

Closed-11 $190,002-$615,000

Bolingbrook-New 13 $199,900-$949,000

Closed-16 $161,500-$502,501

Geneva-New 10 $229,000-$649,000

Closed-11 $228,000-$453,000

Naperville-New 50 $250,000-$1,940,000

Closed-51 $257,000-$1,350,000

Oswego-New 9 $264,900-$599,900

Closed-12 $204,000-$463,00

Plainfield-New 28 $218,000-$569,000

Closed-26 $212,500-$500,000

St Charles/Campton Hills-

New 22 $219,900-$1,450,000

Closed-27 $235,000-$1,077,500

West Chicago-New 9 $169,900-$669,000

Closed-13 $160,000-$485,000

Yorkville-New 9 $221,990-$304,490

Closed-10 $71,000-$489,000

Contracts accepted this week

Contracts accepted this week on single family homes were almost the same. 304 this week compared to 307 the week before. That is consistency. This is a great time to sell! The buyers are still looking.

Look at the communities that sellers accepted the most contracts:

Aurora-44 Batavia-10

Bolingbrook-22 Geneva-13

Naperville-53 Oswego-23

Plainfield-31 St Charles/Campton Hills-25

Only 1 short sales 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.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 15 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 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 923 1132 1211

Totals 10167 8426 11213

Closed listings is the most important totals to look at. July is still the best month for 2020. New listings does not show the true picture. Some of these were relisted as new even if they were not. Contracts accepted is also not a true picture as you can see with the closed totals. Some of these contracts get accepted and do not make it past the home inspection and attorney review. They can come back up as contract accepted again at a later time.

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 before the end of the year? Now is the best time! When the holidays come around the market usually slows down but 2020 is not a typical year. Let us update the value of your home. You can request it here. We will provide you with a net proceeds that gives you an estimate of expenses to sell so you have an idea of what you will 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.

If you are looking to buy a home the first thing that you need to do is call a loan officer to get pre-qualified. They will provide you with a letter that shows what you qualify for and what type of loan works out best for you. This will get submitted with an offer when you find a home. You will need to make sure to update this if it is older than 30 days.

Check out some great resources:

Let us know if there is any other information we can direct you too.

Market update Fox Valley week 39. 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 38

Posted on September 19, 2020September 19, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 38

Market update Fox Valley week 38. New listings of single family homes were up 7.55%. 228 this week compared to 212 the week before. Slight increase we are thankful for but it is still not enough. Extremely low inventory continues.

Closings were also up by 37.5%. 297 this week compared to 216 the week before. They should increase as we head to the end of the month.

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

Aurora-New 31 $139,900-$1,699,000

Closed-30 $85,000-$780,000

Batavia-New 8 $202,500-$525,000

Closed-11 $264,900-$1,010,000

Bolingbrook-New 14 $164,900-$419,999

Closed-19 $112,000-$479,500

Geneva-New 11 $274,900-$654,900

Closed-10 $299,900-$662,500

Montgomery-New 8 $170,00-$399,000

Closed-13 $145,000-$267,000

Naperville-New 40 $249,000-$2,250,000

Closed-65 $275,000-$1,405,000

Oswego-New 19 $205,000-$1,500,000

Closed-15 $230,000-$545,000

Plainfield-New 15 $204,900-$504,900

Closed-41 $215,000-$482,670

St Charles/Campton Hills-

New 18 $300,000-$2,495,000

Closed-27 $250,000-$1,127,000

West Chicago-New 10 $234,900-$649,900

Closed-10 $130,000-$398,700

Contracts accepted this week

Contracts accepted this week on single family homes were up 15.41%. 307 this week compared to 266 the week before. 34.65% more single family homes taken off the market with contracts than new listings coming on the market. It is time for you to get your home on the market if you want to sell this year.

Look at the communities that sellers accepted the most contracts:

Aurora-44 Batavia-10

Bolingbrook-13 Geneva-17

Naperville-47 Oswego-18

Plainfield-46 St Charles/Campton Hills-22

Yorkville-16

Sellers accepted contracts that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

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

These sellers still feel confident in the market that these buyers will get through their contingencies and close.

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 695 870 907

Totals 9939 8164 10909

Closed is the most important column to look at. This is what actually happened. New listings can be relisted so they might be counted twice. The same for contracts accepted. Some of them do not make it past the home inspection and attorney review. They go back on the market and then get another contract. They might also be counted twice. Sometimes even more.

July is the best month so far. This is not typical. July is usually a slow month when most people are on vacation. The pandemic stalled the market in April and then started back up strong in May. So many people I have talked to that have not been paying attention to what is going on in the real estate market are surprised to hear how well the market is doing during this time.

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 not too late to get your home on the market. You can still get moved before the holidays. Request a home valuation so you know the value of your home in today’s market. I think you will be happily surprised. We will provide you with a net proceeds that shows you an estimate of expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home you 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. They will provide you with a letter that will go with an offer when you find a home. You need to get this updated if it is older than 30 days.

Check out some great resources:

Market update Fox Valley week 38. 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 37

Posted on September 12, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 37

Market update Fox Valley week 37. New listings were down 16.86% this week. 212 new single family homes listed this week compared to 255 the week before. So many people are getting adjusted to school starting either in person or remotely. Hopefully this will be a better week coming up because we are definitely going in the wrong direction with new listings.

Closed listings were also down this week by 39.50%. 216 closed single family homes this week compared to 357 the week before. It is typical to have lower numbers in the beginning of the month. Last week Monday was the last day of the month of August and some of the others were most likely supposed to close at the end of August and were delayed. We are seeing a lot of delays because of the lender not getting the loan processed in time.

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

Aurora-New 26 $140,000-$475,000

Closed-31 $124,900-$457,500

Bolingbrook-New 8 $139,900-$410,000

Closed-13 $182,000-$352,500

Geneva-New 16 $225,000-$649,900

Closed-14 $285,000-$650,000

Naperville-New 48 $220,000-$3,500,000

Closed-41 $240,000-$1,350,000

Oswego-New 10 $202,500-$439,000

Closed-11 $201,000-$495,000

Plainfield-New 24 $159,000-$622,500

Closed-18 $246,750-$514,704

St Charles/ Campton Hills-

New 17 $199,900-$799,000

Closed-14 $248,000-$755,000

West Chicago-New 5 $225,000-$439,108

Closed-11 $194,500-$575,000

Yorkville-New 9 $199,900-$2,649,000

Closed-14 $189,000-$392,000

Contracts accepted this week

Contracts accepted this week on single family homes was down this week by 20.36%. 266 contracts accepted this week compared to 334 the week before. Inventory is extremely low. We need a wide range of prices of homes to come on the market to meet the needs of buyers.

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

Aurora-40 Bolingbrook-23

Geneva-10 Minooka-11

Naperville-50 Oswego-16

Plainfield-30 St Charles/Campton Hills-18

Yorkville-10

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 10 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

This gives you an idea of how many buyers are out there ready to go and willing to write a contract. Not all of these will close. Some of them will not make it past the attorney review and home inspection. They will be activated again.

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 467 573 600

Totals 9711 7867 10602

Closed is the column you want to pay the most attention to. July was the best month we have had so far this year. Usually that is a slower month with people on vacation. This has not been a typical year. It has turned out way better than I expected with a pandemic going on. I still find people that don’t pay attention to what is going on and are surprised that the market is so active.

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.

Do you know what your home is worth? Let us update the value in today’s market. We will provide you with a net proceeds that shows you an estimate of the expenses to sell and what you might walk away with. Request a market analysis here.

Are you thinking about buying a home? First thing you need to do is call a loan officer and get pre-qualified. They will let you know the type of loan and price range that will work out best for you. Your loan officer will give you a letter showing what you qualify for and this will go along with an offer when you find the home you like. This needs to be kept up-to-date. It has to be no older than 30 days.

Check out some great resources:

If you are looking for any other resources just let us know and we will be happy to point you in the right direction.

Market update Fox Valley week 37. 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 36

Posted on September 5, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 36

Market update Fox Valley week 36. New listings of single family homes are up this week. 255 this week compared to 241 the week before. Great news! Any increase is very welcome.

Closed listings of single family homes were also up this week. 357 this week compared to 325 the week before. Some of these were on the 31st of August and we are including them in this first week of September. Most buyers do not want to close in the beginning of the month because they need to bring a whole month of interest along with other closing costs to the closing. Some of these closings are getting pushed to the next week because of the loan not processing in time. There is a lot of activity along with a lot of homeowners refinancing because the rates are so fantastic right now.

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

Aurora-New 24 $115,000-$465,000

Closed-46 $105,000-$480,000

Batavia-New 12 $210,000-$609,900

Closed-9 $212,000-$638,449

Bolingbrook-New 14 $174,900-$475,000

Closed-23 $185,000-$410,000

Geneva-New 11 $250,000-$675,000

Closed-16 $238,000-$1,350,000

Montgomery-New 3 $225,000-$239,000

Closed-15 $177,000-$325,000

Naperville-New 55 $270,000-$1,975,000

Closed-60 $270,000-$1,000,000

North Aurora-New 4 $194,000-$369,000

Closed-12 $236,000-$445,500

Oswego-New 11 $215,000-$345,900

Closed-13 $185,000-$380,000

Plainfield-New 32 $230,000-$648,731

Closed-40 $150,000-$581,000

St Charles/Campton Hills-

New 23 $185,000-$1,250,000

Closed-36 $142,500-$1,057,000

Sycamore-New 5 $119,000-$535,000

Closed-10 $95,707-$485,000

West Chicago-New 5 $197,000-$278,000

Closed-18 $135,000-$535,000

Yorkville-New 14 $89,900-$465,000

Closed-9 $150,000-$365,000

Are you looking for a community that consistently has high turnover or maybe a smaller community that there is rarely a home available.

Contracts accepted this week

Contracts accepted this week were slightly lower. 334 this week compared to 345 the week before. There were more contracts accepted this week than new listings. We continue to have low inventory. This is a fantastic time to sell with little competition.

Look at the communities that sellers accepted the most contracts:

Aurora-50 Bolingbrook-25

Geneva-16 Montgomery-10

Naperville-53 Oswego-20

Plainfield-47 St Charles/Campton Hills-22

Sycamore-14 Yorkville-10

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 10 with a kick-out of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 8 with a kick-out of 72 hours and 5 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 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 255 357 334

Totals 9499 7651 10336

July is the best month so far this year. You need to mainly focus on the Closed column. New listings can be misleading. Sometimes the same listing comes up as new after a period of time if it does not sell right away. Contracts accepted do not always close. Sometimes they do not make it past the home inspection and attorney review period so they might go back on the market and then get another contract. We can check on that for you.

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 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 so you will know where you are at and what you have to work with. This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home? You will need to talk to 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. Seller’s want to know that we are showing their home to someone that qualifies for their home.

Check out some great resources:

Whether you want to buy your first home, down size or buy something larger to accommodate your needs we will guide you through the process. If you need recommendations for loan officers, real estate attorneys or home inspector we will give you a few names and phone numbers to contact to see who you would like to work with.

Market update Fox Valley week 36. 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 35

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

Market update Fox Valley week 35

Market update Fox Valley week 35. New listings of single family homes were slightly down this week. 241 this week compared to 253 the week before. Schools are back so that might be contributing to the lower numbers. Hopefully they will pick up because there is still buyers looking to find a home. The need has not been met yet.

Closed single family homes were also slightly down this week. 325 this week compared to 332 the week before. Monday is the last day of the month and will be applied to September totals. It might be a big day too since it is the last day of the month.

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

Aurora-New 24 $172,500-$475,000

Closed-47 $95,000-$875,000

Batavia-New 9 $275,000-$750,000

Closed-10 $231,000-$696,639

Bolingbrook-New 15 $188,000-$999,000

Closed-17 $200,000-$434,900

Geneva-New 12 $115,000-$671,500

Closed-21 $242,899-$868,000

Montgomery-New 8 $214,000-$319,900

Closed-11 $141,000-$329,500

Naperville-New 58 $299,000-$2,599,000

Closed-53 $220,000-$1,435,000

Oswego-New 11 $135,000-$497,560

Closed-13 $235,000-$488,000

Plainfield-New 29 $184,900-$849,900

Closed-39 $172,500-$650,000

St Charles/Campton Hills-

New 20 $275,000-$2,395,000

Closed-27 $211,000-$1,200,000

West Chicago-New 6 $225,000-$950,000

Closed-14 $171,500-$448,000

Yorkville-New 6 $235,000-$374,900

Closed-13 $205,000-$365,000

If you can’t find a home in the community you are looking at in your price range you might try looking at another community that might have what you are looking for.

Contract accepted this week

Contracts accepted this week were down by 12. 345 this week compared to 357 the week before. These numbers would be higher with more homes to show buyers. The ones that are on the market and priced right are going right away. Some with multiple offers. It is a great time to sell.

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

Aurora- 50 Batavia-13

Bolingbrook-21 Geneva-15

Montgomery-19 Naperville-52

Oswego-25 Plainfield-31

St Charles/Campton Hills-27 Yorkville-23

5 short sales were accepted this week by sellers. 1 each in Aurora, Montgomery, Naperville, Plainfield and Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 16 with a kick-out clause of 72 hours, 23 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, 11 with 48 hours and 1 with 24 hours.

2020 by the month and compared to 2019 and 2018

Month New Closed Contract 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 1424

Totals 9244 7294 10002

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

July 1423 1008 1090

August 1585 1330 1196

Totals 11531 7163 8866

2018

January 808 489 606

February 1040 444 856

March 1549 907 1564

April 1515 836 1278

May 1569 1066 1344

June 1828 1720 1474

July 1318 994 1061

August 1294 1032 989

Totals 10921 7488 9172

We are doing slightly better than 2019 but less than 2018 in closed single family homes. We are way down on new listings. Our totals for closed could be even better if we had more homes on the market. Especially if we had a wider range of prices.

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. Even this time of year. Buyers are still waiting for homes to come on the market. Multiple offers are still happening on homes that are in market-ready condition and priced right. Request a home valuation and we will let you know what your home is worth in today’s market. Provide you with a net proceeds that shows you an estimate of expenses to sell and give you an idea of what you have to work with. This will be updated once you get an offer and we know all the terms.

Thinking of buying a home? You need to be ready to go and flexible with your time and go when a home first comes on the market or you will miss out. You need to call a loan officer and get pre-qualified and make sure you keep it up to date once they give you a letter showing what you qualify for. It can’t be more than 30 days old. You might find a home over the weekend and have a hard time getting in touch with your loan officer to update it so keep an eye on the dates.

Check out some great resources:

If you are having trouble paying your mortgage because of Covid-19 check with IDHA to see if you qualify for assistance. This ends September 4th but do not wait until the end they might run out of money for help. If you do not qualify and are having a hard time and want to sell to get the money out of your home to move give us a call.

Market update Fox Valley week 35. 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 34

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

Market update Fox Valley week 34

Market update Fox Valley week 34. New listings were slightly lower this week. 253 new single family homes this week compared to 264 the week before. See if any of the communities above have new listings that are in your price range. Sometimes when you have a hard time finding what you need in your preferred community it pays to just take a look at another community.

Closed listings this week were also slightly lower than the week before. 332 this week compared to 340 the week before. Usually they increase as we get closer to the end of the month.

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

Aurora-New 28 $129,900-$650,000

Closed-38 $68,500-$850,000

Batavia-New 5 $300,000-$620,000

Closed-14 $165,000-$388,000

Bolingbrook-New 11 $160,000-$699,900

Closed-29 $133,741-$490,000

Geneva-New 8 $361,000-$685,000

Closed-18 $278,600-$630,000

Montgomery-New 10 $189,900-$344,900

Closed-13 $103,000-$290,000

Naperville-New 56 $280,000-$7,250,000

Closed-$239,900-$1,100,000

Oswego-New 15 $214,900-$500,900

Closed-18 $180,000-$635,926

Plainfield-New 31 $220,000-$850,000

Closed-47 $205,000-$1,000,000

St Charles/Campton Hills-

New 27 $150,000-$1,325,000

Closed-27 $207,000-$1,050,000

Sycamore-New 5 $179,000-$394,000

Closed-10 $85,000-$335,000

Yorkville-New 11 $237,500-$550,000

Closed-10 $239,900-$450,000

Contracts accepted this week

Aurora-66 Bolingbrook-17

Geneva-13 Naperville-66

North Aurora-11 Oswego-10

Plainfield-38 Plano-11

St Charles/Campton Hills-34 West Chicago-11

Yorkville-18

No short sale accepted contracts this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 14 with a kick-out clause of 72 hours, 16 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours and 8 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 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 796 1010 1091

Totals 9003 6969 9657

Check back next Saturday and I will compare to 2019 and 2018 so you can see how the market looks this year compared to the other 2 years.

Solds are the most important figures to look at. Those are actual numbers. New listings can be canceled and relisted. Contracts accepted might not actually close. Some of them don’t make it past the home inspection and attorney review or the buyers loan does not go through. That is why there is such a big difference in the totals. Some of them get accepted, canceled and relisted and contract accepted again.

Contact us

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

It is still a great time to sell. Inventory continues to remain extremely low. There is not a lot of competition right now. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you and estimate of expenses to sell so you can see where you are at. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for and what type of loan. We will need to submit this with an offer when you find a home.

Check out some great resources:

Let us know if you are looking for any other information. We can point you in the right direction.

Market update Fox Valley week 34. 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 33

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

Market update Fox Valley week 33

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

Contracts accepted this week

Aurora-48 Bolingbrook-23

Geneva-19 Montgomery-14

Naperville-60 North Aurora-12

Oswego-17 Plainfield-44

St Charles/Campton Hills West Chicago-13

Yorkville-14

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

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

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

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,417 1,453 1,852

August 543 678 734

Totals 8,750 6,637 9,300

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

Contact us

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

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

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

Take a look at some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Sign me up to receive listings here

Market update Fox Valley week 32

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

Market update Fox Valley week 32

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

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

Contracts accepted this week

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

Look at the communities sellers accepted the most contracts:

Aurora-49 Batavia-10

Bolingbrook-24 Elburn-12

Geneva-19 Naperville-67

Oswego-14 Plainfield-53

Plano-11 St Charles/Campton Hills-37

West Chicago-15 Yorkville-16

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

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

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

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,417 1,614 1,852

August 279 338 384

Total 8,486 6,458 8,950

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 31

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

Market update Fox Valley week 31

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

Contracts accepted this week

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

Look at the communities sellers accepted the most contracts:

Aurora-42 Batavia-11

Bolingbrook-32 Geneva-16

Montgomery-12 Naperville-67

Oswego-22 Plainfield-38

St Charles/Campton Hills-20 West Chicago-12

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

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

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

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,417 1,614 1,852

Totals 8,207 6,120 8,566

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

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

Contact us

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

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

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

Check out some great resources:

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

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 30

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

Market update Fox Valley week 30

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-51 Batavia-10

Bolingbrook-18 Geneva-23

Montgomery-18 Naperville-60

North Aurora-13 Oswego-19

Plainfield-46 St Charles/Campton Hills-19

West Chicago-18 Yorkville-18

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

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

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

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

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 1,133 1,169 1,507

Totals 7,923 5,675 8,221

2019

January 878 407 568

February 1,032 463 832

March 1,731 915 1,375

April 1,594 792 1,307

May 1,645 995 1,280

June 1,643 1,253 1,218

July 1,423 1,008 1,090

Totals 9,946 5,833 7,670

2018

January 808 489 606

February 1,040 444 856

March 1,549 907 1,564

April 1,515 836 1,278

May 1,569 1,066 1,344

June 1,828 1,720 1,474

July 1,318 994 1,061

Totals 9,627 6,456 8,183

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

Contact us

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

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

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

Check out some great resources:

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

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

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101