St. Louis Real Estate-Market Watch April 11th, 2009

Saint Louis Real Estate- Market Watch April 11th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
April 11th, 2009
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 this week continues with great buyer activity in the lower price ranges of $100,000 to $300,000. Pending ratios in the St. Louis County area are remaining fairly consistent with previous weeks.

Buyers in the St. Charles County area should take notice- homes in the $100,000 to $300,000 price range are moving quickly. Pending ratios are as high as almost 50 percent, which means that almost one out of every two homes listed are accepting contracts within a 30-40 day time period. Low interest rates, first time homebuyer tax credits various seller incentives are inspiring buyers to act now.

Homes in the higher price ranges, both in St. Charles and St. Louis County areas are seeing a slight improvement in buyer activity as our overall average pending ratios in both Counties have jumped up around 2 percent in the last couple weeks.

This is the time of year that no one, buyers or sellers, should be sitting on the fence waiting. Sellers need to be in the market now, and buyers should not hesitate when they find their ideal home.

From all of us at The St. Louis Real Estate Voice to all our readers, Have a Happy Easter.

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.

This entry was posted on Sunday, April 12th, 2009 at 3:07 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.