Advice to sellers from a St. Louis REALTOR – final post in the series

By , on August 13th, 2009

By: Dennis Norman

We’ll pick up where we left off after parts one and two of this series about selling a home in this market:

Question- Now for the $64 question, how should a seller properly price their home in this market?

Answer- In today’s market sellers are in fierce competition with one another for buyers. A seller can do everything right in presenting their home from maintenance and upkeep to staging, but if the price is not appropriate buyers will move on quickly. The simple truth is, there is another seller around the corner ready to set their Continue Reading →

Advice to sellers from a St. Louis REALTOR – part two of a series

By , on August 12th, 2009

By: Dennis Norman

We’ll pick up where we left off in part one of this series about selling a home in this market:

Question- How should a seller select an agent? What should they look for in an agent and what should a seller avoid?

Answer- Years of experience is not as important as it once was. Certainly, the seller needs an agent with market knowledge, but the fact is today’s market is new territory for all REALTORS(R). I believe a seller in today’s market needs to be certain their REALTOR(R) has a firm grasp of marketing a property to Continue Reading →

St. Louis Association of REALTORS(R) Presidents’ view of the market – Final Post of the series

By , on August 7th, 2009

Dennis Norman

By: Dennis Norman

Earlier this week I did part one , and yesterday part two of my E-View with Carole Baras, CRS, GRI, ePRO, the 2009 President of the St. Louis Association of REALTORS(R) to get her take on the St. Louis real estate market.

Today I’ll pick up where I left off and complete my E-View with Carole:

Carole Baras, 2009 President, St. Louis Association of REALTORS(R)

Dennis – Carole, What do you feel are the best opportunities today for buyers in St. Louis?

Carole – Buyers that are looking to purchase a Continue Reading →

St. Louis Association of REALTORS(R) Presidents’ view of the market – Second Post in a series

By , on August 6th, 2009

Dennis Norman

By: Dennis Norman

Yesterday I did part one of my E-View with Carole Baras, CRS, GRI, ePRO, the 2009 President of the St. Louis Association of REALTORS(R) to get her take on the St. Louis real estate market.

Today I’ll pick up where I left off and complete my E-View with Carole:

Carole Baras, 2009 President, St. Louis Association of REALTORS(R)

Dennis – Carole, obviously many things are affecting the real estate market at this time, many in a negative way unfortunately. What negative forces do you see working against the St. Louis real Continue Reading →

St. Louis Association of REALTORS(R) Presidents’ view of the market – First Post in a series

By , on August 5th, 2009

Dennis Norman

By: Dennis Norman

Last month I published 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. Now it’s time for the St. Louis side of the Missouri River.

To find out the status of the real estate market in St. Louis County, as well as the City of St. Louis, I turned to Carole Baras, CRS, GRI, ePRO, the 2009 President of the St. Louis Association of REALTORS(R) to get her take on the market.

Continue Reading →

Home sales and prices increase in Midwest in June

By , on July 23rd, 2009

Dennis Norman

By: Dennis Norman

The National Association of REALTORS(R) released its existing home sales report for June showing an increase in sales for the 3rd month in a row as well as higher prices in June.

Existing home sales, including single-family, town-homes, condominiums and co-ops increased 3.6% in June to a seasonally adjusted annual rate of 4.89 million units. This rate is almost identical to last years sales at the same time which is a first in a quite a while. May’s rate was down 3.6% from a year ago and June is down just 0.2% from a Continue Reading →

St. Charles County Association of REALTORS(R) Presidents’ view of the market – Final Post

By , on July 23rd, 2009

Dennis Norman

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:

Karen Vennard, 2009 President, St. Charles County Association of REALTORS

Dennis – We hear a Continue Reading →

St. Charles County Association of REALTORS(R) Presidents’ view of the market – Part two

By , on July 22nd, 2009

Dennis Norman

By: Dennis Norman

Yesterday I began 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.

Karen’s extensive knowledge of the market was apparent in her informative answers in yesterdays E-View. Now we’ll pick up where we left off yesterday:

Karen Vennard, 2009 President, St. Charles County Association of REALTORS

Dennis – Where do you see the real estate market in St. Charles County at now?

Karen – I see the market recovering; there has Continue Reading →

St. Charles County Association of REALTORS(R) Presidents’ view of the market – Part 1

By , on July 21st, 2009

Dennis Norman

By: Dennis Norman

According to the website for the Economic Development Center for St. Charles County, the county was established October 1, 1812. St. Charles County encompasses 561-square-miles of diverse landscape spreading out westward from the confluence of the Mississippi and Missouri Rivers.

According to the Census Bureau, in 1970 the population of St. Charles county was 92,954. By 2008 the population had grown to 349,307, an increase of over 275% in that 38 year period. During the same period St. Louis County had a modest increase in population of just over 4% growing from 951,671 Continue Reading →

Report shows St. Louis metro prices to decrease by 2% in next 12 months

By , on July 20th, 2009

Dennis Norman

By: Dennis Norman

A report published by Local Market Monitor, Inc. predicts the St. Louis metro area will see real estate values decline 2% in the coming 12 months. This projection does not sound bad and would support the possibility that the market is leveling off and perhaps we have seen the bottom.

Local Market Monitor Graph – St. Louis Metro Area, Home Values Forecast vs. Actual

The report also states that in the St. Louis metro market jobs have fallen by 2.5% in the past year, compared with a drop of 4% nationwide. Continue Reading →

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