Comments on: St. Louis Real Estate-Market Watch July 26th, 2008 http://stlouisrealestatevoice.com/2008/07/27/st-louis-real-estate-market-watch-july-26th-2008/ All you want to know about St. Louis Real Estate! Tue, 02 Dec 2008 08:10:39 +0000 http://wordpress.org/?v=2.6.1 By: Art Wagner http://stlouisrealestatevoice.com/2008/07/27/st-louis-real-estate-market-watch-july-26th-2008/#comment-407 Art Wagner Mon, 18 Aug 2008 00:30:34 +0000 http://stlouisrealestatevoice.com/2008/07/27/st-louis-real-estate-market-watch-july-26th-2008/#comment-407 James, Thankfully, here is St. Louis, we are seeing our foreclosure and short sales transactions only making up 8-10 percent of our volume of business. I suspect it's mainly due to the fact that when home prices ramped up so aggressively in other parts of the country from 2002-2005, we did not experience as large in increase in this market. As such, we also have not seen a huge bottoming out of prices. We have seen about a 3-6 percent decline in pricing in the last 2 years, depending on the price range, but all in all, STL has been a very stable market for the last 12-14 months. Good luck navigating through your challenging market. Best Regards, Art Wagner. James,

Thankfully, here is St. Louis, we are seeing our foreclosure and short sales transactions only making up 8-10 percent of our volume of business. I suspect it’s mainly due to the fact that when home prices ramped up so aggressively in other parts of the country from 2002-2005, we did not experience as large in increase in this market. As such, we also have not seen a huge bottoming out of prices. We have seen about a 3-6 percent decline in pricing in the last 2 years, depending on the price range, but all in all, STL has been a very stable market for the last 12-14 months. Good luck navigating through your challenging market.

Best Regards,

Art Wagner.

]]> By: James Wexler http://stlouisrealestatevoice.com/2008/07/27/st-louis-real-estate-market-watch-july-26th-2008/#comment-377 James Wexler Mon, 28 Jul 2008 17:42:23 +0000 http://stlouisrealestatevoice.com/2008/07/27/st-louis-real-estate-market-watch-july-26th-2008/#comment-377 It is always interesting to see what various markets are doing. Here in greater Phoenix we are seeing the number of foreclosures approach the level of resales. Until the ratio gets better we won't see a bottom IMO. It is always interesting to see what various markets are doing. Here in greater Phoenix we are seeing the number of foreclosures approach the level of resales. Until the ratio gets better we won’t see a bottom IMO.

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