By: Dennis Norman
For the past two days I have written about my E-View with Karen Vennard, the 2009 President of the St. Charles County Association of REALTORS(R) to get her take on the real estate market in St. Charles County.
Today will be the final post in this series in which Karen has been shared her insights with us on the real estate market in St. Charles County. Now we’ll pick up where we left off yesterday:
Dennis – We hear a lot about REO’s, foreclosures and short sales being a large part of the sales activity in many local markets. Do you know what percentage of the current activity in St. Charles County would be these types of sales? Also, please tell us how they affect your market.
Karen – I do not have the percentage of REO/Foreclosures/Short Sales nor can I say that they do not exist but St. Charles County has not been as adversely affected as some areas in the Metropolitan area by these types of sales. Some people can see that this is an opportunity for these “distressed” homes to be sold and brought back up to market value. I see this as a chance to revitalize neighborhoods that may have been affected by an increased number of foreclosures.
Dennis – What do you feel are the best opportunities today for home buyers in St. Charles county? Continue reading “St. Charles County Association of REALTORS(R) Presidents’ view of the market – Final Post“