We are about half way through the spring real estate market in St Louis, normally the most active time of the year for the St Louis real estate industry, and, thus far, the 2017 spring market is shaping up pretty good! As our chart below illustrates, there were 4,582 homes sold in the 5-county core St Louis market during March and April of this year, an increase of 2.4% from last year when there were 4,473 homes sold and the median price per foot of those homes sold was $126 per foot in April, an increase of 6.8 percent from April 2016 when the median price per foot was $118. Continue Reading →
|
|||
|
Even in a hot real estate market like we have today, it is still important for sellers to price their homes accurately from the start. If you are a homeowner thinking about selling, it is easy to fall into the trap of thinking you can get away with over pricing your home as buyers are desperate, but that is just not so. Don’t get me wrong, you should be able to sell your home for every dollar that it is worth, and perhaps even a tad more, but only if your home is priced and marketed accurately from the start. Continue Reading → The median price per square foot of homes sold in St Louis County have increased 3.5% over the past 10 years, from $116 per foot in 2007 to $120 per foot currently. As the chart below illustrates, home prices dipped to a low of $90 per foot in 2011, a result of the housing bubble burst in 2008. During the same period, the price per foot of homes sold in St Charles County increased 5.1% from $117 per foot in 2007 to $123 per foot currently. Like St Louis County, St Charles County saw home prices bottom out in 2011, hitting a low of $95 per foot. Continue Reading → As the chart below shows, there were 2,880 homes sold last month within the 5-county core St Louis market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) an increase of 6.5% from March 2016 when there were 2,705 homes sold. Continue Reading → Yesterday, I did a post on the 10 St Louis neighborhoods that made it in the Niche list of “100 Best Places to Live In America”. This prompted a question as to how much better price appreciation have home owners seen in these neighborhoods as a result of the features they have that make them the “best places to live” verses the normal appreciation for the area? Since it just so happens that all ten of the neighborhoods that made the list are in St Louis county, I decided to pull a chart to compare the median price per foot (the most accurate way to compare home prices) of homes sold in the top ten neighborhoods versus St Louis County as a whole. As the chart below illustrates, here is what I found when I looked at home prices from January 1, 2012 (around the bottom of the market after the housing bubble burst in 2008) through the end of 2016: Continue Reading → The supply of homes for sale continues to be a major impediment to the St Louis real estate market! This month, as the video below shows, every county in the St Louis core market area has seen the inventory of homes for sale (in terms of months of supply) decline from last month and last month was already low! In spite of the low, low inventory, home prices have remained reasonable and, in fact, we are seeing a little bit of a downward trend price-wise in some areas. With these things in mind, along with the fact that interest rates are sure to go up, there’s no better time to buy or sell than now! Continue Reading → It seems almost crazy to even throw out the idea of an adjustment in St Louis home prices or, perhaps even, any sort of slow down in the rate of home price appreciation given that the inventory of homes for sale is so low in so many parts of the St Louis area, however, maybe it’s something to look at. Continue Reading → New home sales in St Louis declined in 2016 after increasing during the prior two years, for both the entire St Louis MSA as a whole as well as the St Louis 5-County Core Market. Continue Reading → The median price of homes sold in the St Louis core housing market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) was $179,900 for the past 12 months, an increase of 5.2% from the prior 12 month period when the median price of St Louis homes sold was $171,000. Continue Reading → There just aren’t enough homes for sale in many price ranges! This month, like many months before, you will see that all five counties in the St Louis core market (city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin) all have less than a 6 month supply of homes for sale (a few less than half of that), so it remains a sellers market in many areas! While the market is doing well, you will notice the trend over the past 24 months, as I describe in the video is down a little in terms of number of homes sales which is due simply the lack of homes available for sale. There doesn’t appear to be a shortage of buyers at this point, just a shortage of sellers. Continue Reading → Happy home builders? Wow, I remember those days, back before the real estate bubble and market collapse, boy were those the days! Well, the good news is, while builders still have their challenges, according to the latest survey by the National Association of Home Builders, builders in the Midwest are more optimistic about the new home market than they have ever been! (or, at least since the beginning of the regional level index records that are published). Continue Reading → The St Louis real estate market continues to be strong and, thanks for a low inventory of homes for sale in many areas, competitive. Accurately priced homes in popular neighborhoods often sell within a day or two of coming on the market. Listings in the fastest selling cities in St Louis spend an average of less than 30 days on the market. As the table below shows, the fastest selling city currently is Glendale (which has spent a lot of time at the top of this list over the last few months) with an average of just 23 days on the market for current listings, followed by Valley Park with an average listing time of 26 days. Continue Reading → The St Louis downtown loft market had a slow start back in the early 90’s and then picked up some steam later in the 90’s when Missouri launched its historic tax credit program. The loft market, as the chart below illustrates, peaked in 2005, stalling out before the majority of the residential hit its peak in 2006. The St Louis loft market saw a kind of double peak with prices rising in 2007 after dipping the year before, but then loft prices followed suit with the rest of the market and started a long slow decline until hitting bottom in 2011. Continue Reading → St Louis is known as an affordable place to live so it is not surprising that there is a fairly robust housing market for affordable and moderate priced homes. When it comes to luxury homes in St Louis however ($500,000 and above for the sake of discussion here), the market is much cooler. Continue Reading → Last year was a good year for the St Louis real estate market and, thus far, 2017 is off to a pretty good start in St Louis as well! As the chart and tables below illustrates, home prices in the St Louis area have been trending upward over the past couple of years and sales are holding pretty steady. Continue Reading → Investors that rental property may find their best returns, relative to the price of the homes they buy, in the City of St Louis, according to some county-level rental data compiled by MORE, REALTORS. As the tables below illustrate, over the past 12 months the median price of homes sold in the City of St Louis was $106.57 per square foot and the median annualized price per foot homes lease for was $11.04 which works out to a gross annual return on investment of 10.4%, the highest of the four St Louis area counties we looked at. Continue Reading → The ranch-style home has been around a long time with it’s origin going back to 1920’s but this style of home became extremely popular in the 1940’s carrying through the 1970’s. Ranch-style homes are normally much wider than deep and feature open floor plans with a casual style. Over time, as incomes increased, as did ground cost making the rather large footprint of a ranch more expensive since it needed a larger not to accommodate it, 1.5 and 2-story homes became increasingly popular. Recently, it seems there has been somewhat of a resurgence in terms of interest in ranch-style homes Continue Reading → While the bulk of the St Louis area spent most of the past year as a sellers market, real estate is very local and very seasonal, so there are still neighborhoods where buyers markets exist! So where are the buyers markets? Well, they are a constantly moving target due to the fluctuations I just mentioned, however, currently, as the list below illustrates, Continue Reading → The median price of homes sold in Franklin County during the most recent 12 months was $146,000, an increase of 9.57% from the prior 12 month period when the median price was $133,250 marking the highest year over year increase of any of the St Louis area counties. Continue Reading → The condo market in the St Louis area is doing well with condo’s that sold in the past 12 months selling in a median time of just 27 days in the 5-County St Louis Core market. As the chart below shows, the median price for condo’s sold in the 5-county core market during this period went from $125,000 back in February 2016 to $139,500 in January 2017. There is currently a 3.3 month supply of condominiums for sale in the this market. Continue Reading → When considering making an improvement to their home, homeowners often look at it from both the enjoyment value it will give them and their family as well as the investment value of what they are doing. Granted, there are few, if any improvements, you can make to a home that will give you a 100% return on investment, meaning that, for every dollar you spend, your homes value will go up by a dollar, but there are certainly some improvements that come closer than others. Continue Reading → The winter months may be the “slow” season for real estate but there are plenty of areas throughout St Louis where homes are still selling fast! So, where are homes selling the fastest in St Louis? As the table below shows, the 63143 zip code area which is the Maplewood area, is currently the fastest selling neighborhood with an average of just 40 days on the market for current listings. Continue Reading → After the homeownership rate in the U.S. fell to 63.1% during the 2nd quarter of 2016, the lowest level since the U.S. Census Department began tracking this data in 1968, it rose to 63.4% during the 3rd quarter and then to 63.5% during the 4th quarter of 2016, according to data just released by the U.S. Census Bureau. Continue Reading → Most Feel Trump Will Be Good For Housing Market in 2017 The survey also revealed that 52 percent of Americans believe the housing market will do better under the Trump administration. When it comes to the millennial generation, 59 percent of that generation feel the Trump administration will be good for the housing market. Continue Reading → Where do you get the most bang for your buck when it comes to remodeling or making improvements to your home? Homeowners make many improvements and upgrades to their home simply because they want the added enjoyment or comfort they receive as a result, however, other homeowners, particularly those contemplating a move in the future, also focus on the investment aspect of the improvement. Continue Reading → When I first got in the real estate business in 1979 buying foreclosed property was something pretty well limited to speculators at the time. People like the broker I started with, and what I became a few years later, that bought property for cash, as-is generally to fix up and resell. Foreclosures, and how to buy them, were a mystery at the time, not only to the general public but to many in the real estate business as well. This is what gave us speculators an edge…we knew how to get the information on foreclosures and how the process worked. Ditto for tax sales and sheriff sales and short sales were something that didn’t even exist at the time. Continue Reading → St Louis home sales during 2016 hit the highest level in years! Home prices rose as well while the inventory of homes for sale remained low during the year. Continue Reading → As I have reported over the past couple of days, the St Louis MSA as well as all of the counties that make up the St Louis, Missouri house market, saw an increase in home sales and prices during 2016 from the year before. But which county fared the best during 2016, seeing the highest increase in the median price of homes sold as well as the biggest increase in the number of homes sold? Well, at the top of the list is… Continue Reading → During 2016, the median price of homes sold in the St Louis 5-County Core Market was $179,000, an increase of 5.29 percent from 2015 when the median home price of homes sold in the St Louis 5-County Core Market was $170,000, according to MORE, REALTORS and depicted in the table below. There were a total of 27,231 homes sold in the St Louis metro area during 2016, an increase of 8.1 percent from 2015 when there were 25,191 homes sold. As the chart below the table illustrates, St Louis home prices and sales have been trending upward at a fairly consistent rate over the past two years. Continue Reading → During 2016, the median price of homes sold in the St Louis MSA was $167,400, an increase of 5.68 percent from 2015 when the median home price of homes sold in the St Louis MSA was $158,400, according to MORE, REALTORS and depicted in the table below. There were a total of 35,571 homes sold in the St Louis metro area during 2016, an increase of 3.3 percent from 2015 when there were 34,434 homes sold. Continue Reading → |
   |
||
|
St Louis Real Estate Search® St Louis Home Values St. Louis Real Estate News Contact Us Copyright © 2025 Missouri Online Real Estate, Inc. - All Rights Reserved St Louis Real Estate News is a Trademark of Missouri Online Real Estate, Inc. Missouri Online Real Estate, Inc. 3636 South Geyer Road - Suite 100, St Louis, MO 63127 314-414-6000 - Licensed Real Estate Broker in Missouri The owner and authors this site are providing the information on this web site for general informational purposes only and make no representations, warranties (expressed or implied) or guarantees of any kind whatsoever, as to the accuracy or completeness of any information on this site or of any information found by following any link on this site. Furthermore, the owner and authors of this site will not be liable in any manner whatsoever for any errors or omissions in information on this site, nor for the availability of this information. Additionally the owner and authors of this site will not be liable for for any losses, injuries or damages in any way from the display or use of this information or as the result of following external links displayed on this site, or by responding to advertisements displayed, or contained, on this site
In using this site, users acknowledge and agree that the information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. |
|||