St. Louis Real Estate-Market Watch September 5th, 2009

Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest Saint Louis , Sunset Hills, Mo.
September 5th, 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 activity in the lower price ranges, from $100,000 up to $250,000. St. Louis County pending ratios are anywhere from 16 percent up to 21 percent in these price ranges.

It’s worthy to note that in St. Charles County, the same price ranges are exhibiting pending ratios from 12.7 percent up to a high of 36.5 percent.

With a little less than 3 months left before the First Time Homebuyer Tax Credit of $8000.00 expires, buyer activity is great. We are seeing more and more homes in these lower price ranges receiving multiple offers and buyers competing for the really good homes.

This should be good news for sellers in these lower price ranges, as long as their home is priced within market value, in top condition and marketed properly. This doesn’t mean that sellers can “name their price”, as changes in lender requirements and reformed appraisal guidelines will keep a seller within the realm of reality and market conditions for their neighborhood and area.

From all of us at The St. Louis Real Estate Voice, we wish you and your family a very happy Labor Day Weekend.

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, September 7th, 2009 at 10:33 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.