Every real estate agent working in the St. Louis area will tell you that the local real estate market is hot.
Homes in popular areas that have the features buyers want and are priced right sell fast.
Many properties are selling at full listing price or even over asking price if there are multiple offers. New listings are coming on the market every day, pushing up their neighborhoods with prices never before seen.
But I like to back up anecdotal impressions with real facts. Impressions aren’t always accurate.
The St. Louis Association of Realtors started publishing snapshot infographics for the local housing market trends this year. I missed posting the report last month, so today I’m giving you both January and February 2016 housing market trends.
St. Louis Real Estate Report – January 2016:
St. Louis Real Estate Report – February 2016:
Takeaway:
The facts back up what agents in the trenches are feeling.
St. Louis home sales are strong. Homes are selling faster and sale prices are up compared to last year.
The vast majority of buyers are purchasing homes under $200,000, so there is a big opportunity if you want to sell in this price range. While there are fewer buyers for more expensive homes, there are also fewer options available for these buyers. Higher price buyers can be picky, so these homes need to be in pristine condition to make them sell fast and for top dollar.
Homes that need work or lack something buyers want still sell, but they need top notch marketing and realistic listing prices.
Hire Me to Sell Your St. Louis Home:
I specialize in selling homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.
I have a track record of successfully selling challenging homes. I’ve sold homes in flood zones, homes without basements and homes that need a lot of updates.
In the last 3 years, I have sold 92% of the homes I was hired to sell. Not a single client fired me and then hired an agent who was able to get the house sold. Compare that to only 75% of the listed homes selling in the overall market, and you have a much better chance of success if you hire me. Especially with a challenging home.
If you are thinking of selling a home, give me a call at 314-265-8073 and let’s talk about your options.
