Our New Listings

Filed under: Uncategorized

1 Country Road  O Fallon, MO. 

Offered at $249,900   Open House August 8th,  1-4 pm.

Enjoy Country Style Living in this 1.5 story, 3 bedroom, 2.5 bath home situated on 2.88 acres.

The home features hardwood flooring, a wood burning fireplace in the Great Room, Glass enclosed Sun Porch off the kitchen with skylights and huge 2nd and 3rd bedrooms on the second level.  The walk-out lower level is partially finished with a family room, and additional sleeping area or Den / Office.  Huge 1100 sq. ft. detached garage will accomodate 4 cars plus a large workshop area. 

Take a walk through this home with our VISUAL TOUR feature.

Check Community and School information for O’ FALLON, MO.

Contact Art Wagner at 314-503-0335 for more information and to schedule your private showing.

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8641 Big Bend Blvd.  Webster Groves, MO.

Offered at $124,900  Open House August 15th,  1-4 pm

This solid 1.5 story home in Webster Groves features 3 bedrooms, 1.5 baths, original hardwood flooring and is located close to shopping, dining, public transportation, and major highways.  Some updates include guttering and downspouts, kitchen, breakfast area and living room flooring, new porch decking and main plumbing stack has been replaced with PVC.  This home needs additional updating and some TLC, but would be a great home for the handy first time home buyer or an investor looking to add to their portfolio.  This home will be sold AS-IS, but is NOT a short sale or foreclosure.

Contact Art Wagner for more info and to schedule a private showing at 314-503-0335 or artwagner@earthlink.net.

Take a walk through this home with our VISUAL TOUR feature.

Check out Webster Groves COMMUNITY and SCHOOL information.

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   08.05.2010

St. Charles County Homes

Filed under: Uncategorized

 Awesome Opportunity in O’ Fallon,  MO.  63368

Offered at $184,900

This home is located on 2.39 level acres, giving you endless possibilities for creating your Dream Estate.

OR…HOW ABOUT THIS HOME….?

                                        SHORT SALE OPPORTUNITY !!

CHECK THIS OUT!!   

907 AMPERE PLACE, LAKE ST. LOUIS,  MO.  63367

OFFERED AT $139,900

SHORT SALE READY TO GO-BANK SAYS, “BRING ALL OFFERS!!”

Check the “OUR LISTINGS” tab at the top of the page for more information regarding these homes available.

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   05.30.2010

St. Louis Real Estate-Market Watch December 2009

Filed under: St. Louis Market Reports, Uncategorized

Real Estate-Market Watch  by Art Wagner @ Keller Williams Realty Southwest Saint Louis , Sunset Hills, Mo.
December 6th, 2009
The Anatomy of St. Louis Real Estate

The St. Louis Real Estate market this week continues with our Holiday slow-down in both seller and buyer activity.  

For a brief look back this year, we took a look at the change in list prices and sales prices for the past six months compared with the some six month time frame last year.  We found that average list prices fluctuated between 1 percent and 3 percent and sales prices fluctuated between 0 percent and 1.7 percent.  The big differences in all price ranges continues to be the number of days that a home stays on the market before it is sold.  Compared to the last six months of last year, days on market fluctuated between 13.6 percent up to 51.3 percent.

Take a look for yourself; you can download and print this comparison HERE 

Ben Bernanke speaks today, Monday, Dec. 7th which will give us a good idea as to what home loan rates will be doing in the near future.  He will be speaking at the Economic Club in Washington today.  This will be the first time we will hear from him since the better-than-expected jobs report came out last Friday.

The FED also meets next week for the final time this year to implement policy for the nation’s financial system.  There has been some talk of the FED raising the interest rates a bit sooner than previously thought.  That may have to change according to James Bullard, president of the Federal Reserve Bank of St. Louis, as he beleives the Fed needs to pay attention to future asset bubbles.

Another concern is, What will happen to home loans if the Federal Reserve stops buying mortgage-backed securities next March?  If and when the program ends, rates will rise, but most financial observers say it is very likely they won’t skyrocket.  Keith Gumbinger, a vice president at financial publishers, HSH Associates, predicts that the end of Fed intervention will push rates up about three-quarters of a point for a 30-year conforming loan-somewhere in the mid-5 percent range.  By late 2010, Gumbinger says the rate will be closer to 6 percent.  Michael Larson, a real estate analyst at Weiss Research, is dubious that the Fed will actually end the  program.  He contends that the Fed will continue buying securities as long as the housing recovery is tenuous.  And as long as the Fed continues to donimate that market, “we’re not really going to move the needle on rates,” Larson says.  Source: Smart Money.
Information for this article has been contributed by our friends at Gorman and Gorman Home Loans.  Thanks, Guys!!

   WHO DO YOU KNOW NOW is facing challenges in our local St. Louis Real Estate Market?? We have unique solutions custom tailored for troubled homeowners, sellers and buyers.  Contact us for more information.

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   12.07.2009

St. Louis Real Estate-Market Watch August 15th, 2009

Filed under: St. Louis Market Reports, Uncategorized

Saint Louis Real Estate-Market Watch  by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
August 15th, 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 still has first time homebuyers scrambling to find and buy their first home as the November 30th deadline to close looms near.  With Lender disclosure requirements re-vamped and FHA loan funding giant, Taylor, Bean & Whittaker ceasing to do business last week, challenges for first time homebuyers and others seem to be mounting. 

We mentioned last week that “quick closings” are a thing of the past and now many lenders are finding themselves having to establish new relationships with other FHA approved funding sources.  All this means is that timing is even more important for buyers who need to close by November 30, 2oo9 to hit the $8000.00 tax credit deadline.

 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!! 

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   08.16.2009

St. Louis Real Estate-Market Watch June 6th, 2009

Filed under: St. Louis Market Reports, Uncategorized

Saint Louis Real Estate-Market Watch  by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
June 6th, 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 is getting HOTTER by the week!  At least in all price ranges below $300,000.  Both St. Louis County and St. Charles County are showing pending ratios of at or near 20 percent.  When was the last time you saw 1 out of every 5 homes listed accepting contracts within 30-40 days??

In St. Louis County, the pending ratios at or near 20 percent could be seen back as far as January in some price ranges, but we didn’t see strong competition between buyers like we are seeing now.

St. Charles County also has experienced some of this awesome activity back as far as February but again, not the strong competition from buyers on a single home.   This week, the lower price ranges in St. Charles County are seeing pending ratios at 28 percent to 40 percent. 

The other item to note is that we have a bit of a seller’s market in St. Charles County in the $100,000 to $175,000 price range, with less than 4 months of inventory in those price ranges. 

First Time Homebuyers are seeing December 1st approaching fast, as that’s when the $8000.00 tax credit is expiring. 

Sales in some of the higher price ranges are also improving, as we are seeing pending ratios of 12 percent to 16 percent up to the $600,000 range in St. Louis County.

Buyers-when you find that home, don’t hesitate or think you can wait until the price drops so you can get a better bargain. If you’re in the lower price ranges, you better act quickly or you stand a chance of losing your dream home. 

The one caviot here is that the home still must be priced within market value or a bit below and be in great condition.  There are still a lot of over-priced homes out there.

 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!! 

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   06.07.2009

St. Louis Real Estate-Market Watch May 2nd, 2009

Filed under: St. Louis Market Reports, Uncategorized

Saint Louis Real Estate-Market Watch  by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
May 2nd, 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 and seller activity.  Active listings, homes accepting contracts and our pending ratios are all fairly consistent with last week’s levels.  We still continue to see a slight increase in homes being sold, and in some price ranges, we are actually seeing selling prices slighty above the averages from this same time period last year.  

This year we are beginning to see more buyers competing for a listing as buyers are becoming aware that inventory levels really are lower than last year at this time.  Our total listings this week are at 4806 compared to last years total of 5633.   

Check out our CHART showing a comparison of the past six months this year, compared to the past six months last year showing the increases / decreases of list prices and sales prices and average days on market in each price range. 

 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!! 

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   05.03.2009

St. Louis Real Estate-Market Watch January 3rd, 2009

Filed under: St. Louis Market Reports, Uncategorized

Saint Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
January 3rd, 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 stable activity.  With the Holidays all around us this past week and a half, our active listing numbers and homes accepting contracts have dropped a bit, but that’s to be expected.  Our pending ratio, however, has risen slightly, proving that there is still buyer activity in the market. 

As we start this new year, we expect to see buyer and seller activity increase in the next couple months, driven hopefully by the continued low interest rates and the great values to be had in the market at this time. 

This year, we also expect to see our fair share of homes falling into short sale positions and foreclosures.  Fortunately, lending institutions are doing a better job of helping people in these tough situations. 

If you are one of those homeowners who may be headed for mortgage troubles, your first step is TALK TO YOUR LENDER.  We know it’s an embarrassing situation to admit, but if it helps, you are not alone by any means. There are plenty of homeowners in the St. Louis area that need some form of help with their mortgage.  Talking to your lender is the fist and most important step.  The second step may be to talk to a real estate professional for advice and consult regarding your situation. They can outline the steps in the short sale and foreclosure procedures so you are well educated as you proceed. 

Also…if you are RENTING a home, a friend of ours has a tip for you; one that they learned the hard way.  Make absolutely sure that your landlord is paying the mortgage  on the home you are renting.  Ask them to furnish proof to you each month.  Our friend has fallen victim to a landlord that was taking their rent money and not paying the mortgage.  Our friends now have two choices; move out of the house, as it has been bought by the bank (foreclosed) , or try to buy the home as a bank owned property (REO).  We are helping them try to buy the house, but buying from the bank is much different than buying from an individual homeowner. 

 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!! 

Fill out the form below to view the Market Report.

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   01.04.2009

St. Louis Real Estate-Market Watch November 22nd, 2008

Filed under: St. Louis Market Reports, Uncategorized

Saint Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
November 22nd, 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!

 The St. Louis Real Estate Market this week continues to slow a bit, as Thanksgiving and the other Holidays are approaching.  Homes that are accepting contracts (pendings) have remained fairly steady from last week, which signals steady buyer activity.  Again we are seeing less active listings coming onto the market.  These two situations have caused our pending ratio to increase slightly to 10.44 percent. 

 It is noteworthy that the buyer activity in the price ranges from $100,000 up to $300,000 is still beating the averages.  Pending ratios in these price ranges are still well above 10 percent.  We expect to see this activity continue, as this is the range that the FHA financing guidelines operate in.  With those guidelines changing a bit after the first of the year,  homebuyers in these price ranges should buy now before the end of the year.

It’s not cast in stone yet, but anticipated that FHA will be increasing the minimum downpayment requirement of 3 percent to 3.5 percent after the first of the year.  Also, the Mortgage Insurance Premium is anticipated to increase slightly also.  If these changes do take place after the first of the year, it will mean that home-buyers in these price ranges will have to bring more money to the closing table, thus giving them less purchasing power. Also anticipated is a decrease in the maximum loan amount of $281,000 to $271,000.

On a positive note, the Bush Administration this week announced changes to their “Hope for Homeowners” program to help more distressed homeowners refinance their mortgages to help them stay in their homes.  Read the article posted on RisMedia.com HERE.

HAPPY THANSGIVING TO ALL OUR READERS!!

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!! 

Fill out the form below to view the Market Report.

Posted by Art Wagner   |   Read More   |   Your Comments Are Welcome!   |   11.23.2008