St. Louis Real Estate-Market Watch June 27th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
June 27th, 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 seems to have hit a bit of a plateau with active listings. Even so, listings that are accepting contracts and home sales closing are still increasing. That means that inventory should be declining. This is more good news for sellers and this should be an added incentivve to buyers to be ready to make an offer when you find your home.

We’ve said this before, but look this week at inventory levels in the lower price ranges in St. Louis County. From $125,000 up to $249,000, inventory levels are at or under 5 months. Some of the higher price ranges now are hovering between 5 and 6 months of inventory also.

First Time Homebuyers-don’t forget the $8000.00 tax credit expires on December 1st, 2009. Get out there and find your home and put $8000.00 in your pocket.

Anyone looking for a great deal, and willing to do some work, keep in mind that if you buy a foreclosure, you may qualify for an additional $14,999 assistance from the government towards your purchae. How sweet is that?? Want more details and info?? Contact us for the scoop on this program.

AND…if you are a first time homebuyer that is buying a foreclosure, you may be able to “double-dip” and get both the $8000.00 tax credit and the additional $14,999.

NOTE: THE MARKET WATCH REPORT WILL NOT BE PUBLISHED NEXT WEEKEND. WE’LL BE CHECKING OUT CINCINNATI, OHIO’S FIREWORKS ON THE OHIO RIVER TO SEE IF THEY COMPARE TO ST. LOUIS’.

HAPPY 4TH OF JULY TO EVERYONE.

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, June 28th, 2009 at 6:08 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.