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St. Charles Real Estate Market Watch – June 2011

July 9th, 2011

MARKET WATCH

JUNE STATISTICS 2011

 

County Active Listings Under Contract Sold  in June AVG Days on the Market AVG

Sales Price

AVG $ per sq. feet
ST CHARLES

 

 

3186

8     months of inventory

437 391 124 $175,217 $88.54
 

St Louis

7620

6.2 months of inventory

1256 1228 114 $210,213 $116.33

Jefferson

 

 

1959

8.9 months of inventory

293 219 170 $127,182 $75.75
 

Lincoln

 

 

420

8.75 months of inventory

 

49

 

48

 

149

 

$110,324

 

$65.98

Warren

 

429

13.4 months of  inventory

26 32 138 $179,603 $98.95

 

St. Charles is tops with AAA Midwest Traveler readers!

July 6th, 2011

The latest issue of AAA Midwest Traveler makes us proud to live in the St. Louis/St. Charles metro region. The results of a recent readers’ poll show what we already know–we live in great place that offers so much to see and do.

In the Best of the Midwest poll, St. Louis was voted the best large city for a weekend getaway while St. Charles won the best historical small town, plus garnered second place as the best small city for a weekend visit. Branson notched first place, but really, who could compare? We know our city is the best in this category too.

The Festival of the Little Hills ranks first as the best arts and crafts festival. In its 40th year, the festival is coming up next month from August 19-21 with more than 300 artisans and crafters. Readers selected Boone’s Colonial Inn, our favorite cozy lodgings on South Main Street as the most romantic B&B and the Ameristar Casino for the best casino. Cha-ching!

On the cultural side, the St. Louis Art Museum is considered the best museum in the Midwest and really, nationally too. With more than 30,000 works of art, we look forward to seeing more when the new expansion wing opens in 2013. For the kids, the Magic House in Kirkwood got the thumbs up, with 50,000 square feet of interactive space that delights parents as well a kids.

Need some exercise? Don’t we all. Hop on our Katy Trail just south of Frontier Park. The trail won the best bike trail honors. 300,000 of us use the trail every year, either on bikes or as a walking adventure. It’s the longest rails-to-trails project at 240 miles with spectacular views of the Missouri River along the way.

We are so blessed with the variety of experiences here. Get out and enjoy what our region has to offer, and not just when guests come. Who wouldn’t want to live and work in our community!

St. Louis region ranked in top 10 best housing markets

March 29th, 2010

Our area is also a “best-bang-for-the-buck” and home prices edge up.

It seems as though St. Louis has a lock on the good news department lately. Our region was selected for two Forbes.com lists and home prices are moving up. If you’re shopping for a house, St. Louis is one of the best markets, according to Forbes.com. The magazine recently released their list of Top 10 Best Housing Markets and St. Louis landed in the number eight slot. The list is based on the stability of each metro area as measured by affordability rankings and foreclosure rates as an indicator of a lack of excess inventory, making the top cities what they call the best opportunities for home shoppers. The top 10 housing markets include: Pittsburgh, PA, Louisville, KY, Houston, TX, Minneapolis, MN, Indianapolis, IN, Memphis, TN, Columbus, OH, St. Louis, Dallas/Ft. Worth, TX and Austin, TX.

In another Forbes list, St. Louis made the “Best-Bang-For-The-Buck Cities” analysis. This top 100 list is based on solid housing markets, relatively stable employment, a low cost of living and quick commutes.

Home prices are on the way up too, growing for the second straight month in January–up 0.6%, according to real estate data firm First American Core Logic’s Home Price Index. In December the year-over-year increase was 1.54 percent, the first positive number after at least nine months of declines. Nationwide, prices are still falling, down 0.7 percent in January, according to First American.

All good news as we look forward to a spring surge in home sales.

Written by Myra Vandersall

Going Green Clinches The Sale

April 26th, 2009

Green is the hot color right now and should be your color too when you sell or buy a home. Becoming attuned to the current eco-movement will make a huge difference. As a seller, you will boost the value of your home with eco-friendly improvements and give your real estate agent more features to highlight that will set your home apart from the rest.

Buyers are much smarter about their home purchases and want lasting value for the money; an energy efficient system that saves on utilities; and a clean, healthy place to live. Given the current real market, a buyer has the upper advantage and green may very well clinch the sale.

Here are some smart eco-improvements that will attract buyers and sell your house faster.

Breathe Easy
Applying a fresh coat of paint is a standard way of freshening up a home, but you really don’t want that “fresh paint” smell. To make it more comfortable and physically healthy for potential buyers, use paint low in volatile organic compounds (VOCs). This paint is readily available and comes in a wide array of colors.

The Hogs In The Kitchen
Two rooms attract the most attention from buyers–the kitchen and the bathroom. Here’s where you can really shine and show buyers you care about their utility bills. Upgrade old appliances with new Energy Star certified models. While this may seem expensive on the front end, the replacements will more than pay for themselves on the back end and increase traffic.

Don’t Take It For Granited
While we’re in the kitchen, take a look at those countertops. But here’s the deal; don’t automatically assume that granite is the way to go for replacement. Granite countertops may still impress some buyers, but true trendsetters will be on the lookout for kitchens that incorporate some of the hottest new materials. So, what about paper? That’s right, paper. Compressed post-recycled paper sealed with resin makes an extremely durable countertop. It’s less expensive than granite–which is not a renewable resource–and has a warm, sleek feel. Maintenance is low too. A yearly application of mineral oil will keep the countertop looking fresh and new.

Drips Are Out
Leaky faucets, showerheads and old toilets are not selling points. Now’s the time to install low-flow faucet aerators and showerheads. Did you know that showers account for 22% of the individual water use in North America? That racks up really big water and utility bills and rates will continue to rise. Take a look at that toilet too. It’s the biggest water user in the house. By installing a low water usage unit, you can save around 2,000 gallons of water a year.

It Makes Scents
Potential home buyers get a feel for a property as soon as they arrive. To give your visitors a preview of what’s inside, arrange fresh plants new the front door. Especially effective are scented geraniums and herbs that offer an aromatic experience. To spruce up your landscaping, support your state and choose native Missouri plants that grow well in local soil and weather conditions. Inside, remove any chemical room fresheners and display herbs, especially in the kitchen.

Flaunt It
When you go green to sell your home, make sure that potential buyers know about your efforts. Discrete signs here and there, noting low VOC paint, Energy Star appliances, low water usage products and native plants show that you care about your environment and that of the new owner.

For sellers who use eco-friendly techniques, your property has an edge on the competition. Take advantage of these smart tips to be green and earn more green!

‘Psychological’ Blueprint Helps House Hunters

April 16th, 2009

Environmental psychologist Toby Israel, author of a new book, Some Place Like Home: Using Design Psychology to Create Ideal Place, says people’s childhood homes have a profound effect on what kinds of homes they like best.

Before anyone buys, builds, rents or remodels, Israel believes they should consider what kinds of living spaces satisfy them, she says.

One exercise she recommends for anyone searching for a home is to draw a timeline of all the places they’ve lived for six months or more and circle those that they liked the best, then describe why. She calls the result a “design psychology blueprint” that can help a real estate professional identify what a client really wants.

Source: Star-Tribune, Jim Buchta (03/14/2009)