St. Louis Real Estate-Market Watch November 2, 2007

St. Louis Real Estate Market Watch
November 2^nd, 2007
The Anatomy of St. Louis Real Estate

The St. Louis Home for Sale Team provides a weekly St. Louis County and Bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome!

The St. Louis Real Estate Market is continuing it’s fall trends with again; less listings, lower pending ratios and more rejected listings remaining off the market. SELLERS TAKE NOTE-THIS IS GREAT!! Those sellers just entering the market or remaining on the market will indeed face less competition and a bit more motivated buyer pool.

Less competition equated to more activity on your home and hopefully a sales price closer to the listing price. As we mentioned last week, we are still very much in a buyer’s market with average total inventory at 10 months.

Jefferson County Real Estate Market is following the St. Louis County trends this week. The major difference in Jefferson County is the pending ratio lower at 9.7% this week and the Days On Market are about 30 more than St. Louis County.

TRIVIA FROM LAST WEEK: IF you’re a seller that also believes in LUCK AND PRAYER—There is a superstition here in St. Louis that by doing “something” outside in your yard will help your home sell. WHAT IS IT YOU MUST DO IN YOUR YARD? AND..it has nothing to do with perfect landscaping.

ANSWER: The superstition in St. Louis is that if you bury a statue of St. Joseph UPSIDE DOWN in your yard, he will bring you good luck, and hopefully a BUYER for your home in a short period of time. We have clients in High Ridge, Mo. that will tell you it works!!

Thinking of buying or selling a home? Contact Us for additional information tailored to your specific needs.

St. Louis Real Estate St. Louis County Market Watch November 2nd, 2007

St. Louis Real Estate Jefferson County Market Watch November 2nd, 2007

St. Louis Real Estate St. Charles County Market Watch October 27, 2007

St. Louis Real Estate Benchmark Report October 2007

The report begins by breaking the market into 17 distinct price ranges. Then we show current listings and current pending listings which creates a pending ratio, which is helpful on a week to week basis to see if activity is increasing or decreasing in a price category.

The report also shows the last 6 months of results and compares the data to the same 6 months of the previous year.

The Market Analysis includes data on:

Number of Active Listings (Current)
Pending Sales (Going to closing)
Pending Ratio (Active vs.Pending)
Sold (Last 6 months)
Expired (Last 6 months)1
Average List Price
Average Sale Price
Average List to Sales Price %
Days on Market (DOM)
Months worth of Inventory (Based on current pending rate)
Buyers Market: > 7 months of listing inventory

Transitional Market: 5 - 7 months of listing inventory (sometimes called a “balanced” market)

Seller Market: < 5 months of listing inventory

Average % Sale Price/List Price (0-30), (31-60), (61-90), (91-120), (120+)DOM

Notice that you’re paying a penalty for over pricing. . .hey. .it’s a fact!!

The Benchmark Report is produced monthly for: