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

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
July 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 to show great buyer activity, especially in the “First Time Homebuyer” price ranges. These price ranges tend to be around the $100,000 to $250,000 range.

Pending ratios in these price ranges continue at or above 20 percent. Note worthy also is that in seven of the higher price ranges, the pending ratios have increased to over 10 percent, with some over 15 percent.

Our over-all pending ratio (homes listed compared to homes accepting contracts in the last 30-40 days) is at 16.49 percent, which is 2.5 percent above last year’s pending ratio.

Another point worth mentioning is that looking at average list price to sales price comparisons for the first six months of 2009, there is only a few hundred dollars to a few thousand dollars difference when compared to the first six months of 2008. We are in a very stable market with regards to pricing. Our average List Price to Sales Price percentages in all price ranges remains between 97 percent to 99 percent for homes sold in the past six months.

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 Monday, July 13th, 2009 at 7:58 am 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.