St. Louis Real Estate-Market Watch December 20th, 2008

Saint Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
December 20th, 2008
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!

T’was the weekend before Christmas, and all through the St. Louis Real Estate Market buyers and sellers alike seem to be focusing on the Holidays and putting their home buying and selling process as a second priority.

As usual at this time of year, we are seeing active listings and buyer activity falling off and more homes hitting the expired list. Our pending ratio has dropped to 10.39 percent. One positive note; the average listing prices have bumped up just a bit with the average selling prices remaining relatively stable.

For homeowners thinking of giving themselves a Holiday gift of a remodeling project, such as a new kitchen, bath, office, lower level or family room in their existing home, check out the most recent report of home remodeling project cost versus value at this LINK.

Once again, curb appeal seems to rule the day. The report shows that exterior remodeling projects return the maximum value at re-sale followed by interior projects. There are some interesting statistics in this report contradicting what we hear from some “experts” in our area.

Once again, from all of us at the St. Louis Real Estate Voice- We wish each and every one of you and your family a very Happy Holiday Season.

REAL ESTATE AGENTS AND FOR SALE BY OWNERS- Are your listings and / or home sitting on the market too long?? 120 days or more?? We have a program designed to get your listing or FSBO home sold. Real Estate Agents get paid their commission in full. Contact us for more info.

WHO DO YOU KNOW NOW that is challenged with their mortgage payments OR needs to sell for less than their home is worth?? WE CAN HELP!!

WHO DO YOU KNOW that’s thinking of buying or selling a home?

Contact Doug Aegerter or Art Wagner for more information and a FREE Comparative Market Analysis (CMA) of your home or your neighborhood.

Fill out the form below to view the Market Report.

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This entry was posted on Sunday, December 21st, 2008 at 7:07 pm and is filed under St. Louis Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.