St. Louis Real Estate Search

 

St Louis Ranked 8th Most Affordable Metro Area To Buy A Home

According to a report just released by HSH, St Louis is the 8th most affordable metro area to buy a home in and one of just 17 metro areas where an income of less than $50,000 per year will buy a median-priced home. The report is based upon data from the 1st quarter of this […]

Should Home Buyers Use Price Escalation Clauses?

St Louis home buyers today face stiff competition from other buyers and often find themselves in a “multiple bid” situations where a seller has several offers to consider. This has led many buyers agents to suggest the use of “escalation clauses” by their clients in order to increase their chances of success. However, not everyone […]

St Louis Foreclosure Rate Drops Over Twenty-Percent In Past Year

The number of St Louis homeowners losing their homes in foreclosure declined to a total of 700 foreclosure actions in the St Louis MSA, according to the latest report from ATTOM Research. Aprils foreclosure rate of 1 in every 1,768 housing units in the St Louis MSA is a decline of 22.82% from the rate […]

Where St Louis Area Homeowners Are Moving

The St Louis metro area has seen some population growth over the last few decades but not nearly as much as many other areas. From 1975 until last year, the population of the St Louis MSA increased 12.3% from 2,500,100 in 1975 to 2,807,338 in 2017. Of the major counties in Missouri that make up […]

St Louis Real Estate Market Update VIDEO – May 2018

The low inventory of homes for sale in many areas and price ranges throughout St Louis continues to plague the St Louis housing market and is causing home sales to run behind last years sales. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers […]

First-Time Homebuyers; 5 Things You Should Do BEFORE You Buy

Just over 1 of every three (34%) homebuyers in 2017 were first-time homebuyers according to the With the growing population of millennials reaching an age where many are buying homes, I expect to see the percentage of first-time homebuyers increase over the next couple of years.

Many first-time homebuyers find the home buying process to […]

St Louis Real Estate Market Update VIDEO – April 2018

A low inventory of homes for sale is making it tough on the St Louis real estate market with sales for the first quarter of this year lagging behind last year. St Louis home prices, on the other hand, continue to rise as do the number of “seller’s markets” in St Louis. In fact, as […]

New Home Construction Activity Up Slightly In St Louis Area – St Charles County Losing Steam

New home construction, based upon building permits issued, is up overall for the 7-county area covered in St Louis by the Home Builders Association of St Louis and Eastern Missouri (HBA). For the most recent 12-month period reported for this area, through the end of February 2018, there have been 4,720 single family permits issue […]

When Is The Best Time To Sell Your Home?

If I had a dollar for everytime someone asks me when is the best time to sell their home I would probably not have to be writing this article today and instead would be relaxing somewhere warm :). My initial answer, while somewhat snarky, is always the same “when you have a buyer“. Actually though, […]

St Louis Home Prices Increase 3.8 Percent In Past Year While Sales Increase About Half As Much

Home prices in the St Louis 5-County core market increased 3.67 percent in the 12-month period ending February 28, 2018 to a median price of $186,500 from $179,900 for the prior 12-month period. During the same period, home sales in the St Louis 5-County core market increased 1.89% to 27,839 homes sold from 27,323 homes […]

Is The Listing Agent Required To Inform Your Buyers Agent Of Multiple Offers?

In today’s low-inventory real estate market here in St Louis, it’s common for would-be buyers to miss out on a house they want even when they make a strong offer only to find out they got beat out by another buyer offering a higher price or better terms. Â This is particularly true for people […]

Do Open Houses Sell Homes?

Ask a dozen real estate agents what their thoughts are on the effectiveness, or importanced, of open houses for sellers and you will likely get about a dozen different opnions. Opinions from agents on open houses include: open houses are vital to properly exposing the listing to the market; they are good practice for newer […]

St Louis Real Estate Market Update VIDEO – March 2018

The real estate market in St Louis, after the first two months, continues to see good price appreciation with home sales on about the same pace as this time last year. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market […]

Is The West St Louis County Luxury Market Slowing Down?

My business partner was out yesterday previewing homes in West St Louis County and had a discussion with a listing agent in the area that mentioned the large supply homes for sale in the upper price ranges. Considering about all we hear about today is how there is a shortage of inventory and homes are […]

Homes Sold Last Month In St Louis Took Half The Time To Sell Than They Did Four Years Ago

Homes that sold in the St Louis area last month sold for a median price of $123 per foot and took a median time of just 35 days to sell, according to the latest data from MORE, REALTORS. As the 5-year chart below illustrates, the median price of homes sold in St Louis have steadily […]

St Louis Neighborhoods Where Homes Sold The Fastest Last Month

Three of the fastest selling cities in the St Louis metro area are on the Illinois side of the Mississippi including the number one city on the list, Columbia. As the table below shows, homes that sold in Columbia Illinois during the past 30 days were on the market an average of just 21 days […]

St Louis Real Estate Market Update VIDEO – February 2018

The real estate market in St Louis is off to a good start for 2018 so far! Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update […]

New Home Construction In St Louis Area Trending Upward In Most Areas – St Charles County Sees Decline

New home construction in the St Louis area is off to a good start for 2018 with a total of 326 building permits for new homes being issued during January for the 7-county St Louis area reported on by the Home Builders Association of Eastern Missouri. This permit activity in January represents an 11% increase […]

The Impact of the West Lake Landfill Superfund Site On Surrounding Home Vales

Located at 13570 St Charles Rock Road in Bridgeton Missouri is a 200-acre landfill known as the West Laek Landfill Superfund site which has been the center of controversy and a source of frequent headlines over the past few years. The reason it has garnered so much attention is becuase of health concerns related to […]

Number of Seriously Underwater St Louis Homeowners Down Fifty-Percent From 4 Years Ago

The percentage of homeowners with a mortgage in the St Louis MSA that were seriously underwater in the last quarter of 2017 was 13.8%, about half the rate from 4 years earlier, according to data just released by ATTOM Data Solutions. For this report, a homeowner is considered “seriously underwater” when the total of their […]

Looking Back – 2017 Was A Good Year For Real Estate In The St Louis Area

Last year was a good year for the St Louis real estate market evidenced by increased home prices and sales in all counties in and around St Louis from the year before, with the lone exception being Franklin County which saw a decline in both home sales and prices from the year before.

As the […]

St Louis Area Cities Where Homes Sold The Slowest In 2017

In spite of the strong real estate market in 2017 in St Louis, there were cities in St Louis where home’s sold slower than in others. As the counter to the previous article published, where we listed the fast selling cities, today we will identify the St Louis towns and cities where it […]

St Louis Area Cities Where Homes Sold The Fastest In 2017

The St Louis area real estate market had a good year in 2017 with strong sales and sustainable home price growth throughout the area. One of the challenges to the market was a result of a low inventory of homes for sale which forced home buyers to move quickly when a new listings […]

St Louis Real Estate Market Update VIDEO – January 2018

The St Louis real estate market closed out 2017 with an increase in both home sales and prices from the year before, both at a healthy and, hopefully, sustainable rates. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update […]

Dr. Martin Luther King, Jr. Paved The Path For Fair Housing

Dr. Martin Luther King, Jr. is a name synonymous with civil rights who, along with his followers, led to the passage of the Civil Rights Act. Through the efforts of the civil rights movement, Dr. King and others were able to get the attention of our nation resulting in President John F. Kennedy, in a […]

Want To Sell Your Home? We Know The Name Of The Likely Buyer!

When you interview real estate agents to consider them to list your home there are all sorts of claims they can make as to what they will do different, or how they will get your home sold quicker, for more, etc. But how about this one? I can tell you the name of the person […]

St Charles County Home Sales Trend Downward Over Past 12 Months- Prices Trend Upward

Home sales and home prices in St Charles County during the 12-month period ending November 30, 2017, are trending in opposite directions. Home sales in St Charles County have, as the chart below reveals, declined 5.7% from 6,155 home sales for the 12 month period ended November 30, 2016 to 5,806 home sales for the […]

St Louis City & County Home Sales Trend Downward Over Past 12 Months- Prices Trend Upward

Home sales and home prices in St Louis city and St Louis County during the 12-month period ending November 30, 2017, are trending in opposite directions. Home sales, for these two areas combined, have, as the chart below reveals, declined 4.2% from 44,823 home sales for the 12 month period ended November 30, 2016 to […]

Top Ten St Louis Zip Codes Where Homes Sell For Highest Price Per Foot

If you have read any of my articles here about home prices previously, you will probably know that I feel price per foot is the best way to compare home prices. Looking at home prices in this manner makes it easier to do apples to apples comparison on home prices. Speaking of apples, they are […]

Distressed Home Sales In St Louis Continue Downward Trend

Distressed home sales, foreclosures, bank and government-owned homes and short sales, continue to decline in St Louis as the economy and housing market continue to improve. The chart below illustrates this downward trend as, for each monthly data point, it shows the total number of distressed home sales in the 5-county core St Louis market […]