St. Louis Real Estate-Burgularies to Vacant Listings www.StLouisHome.com

Just fyi to vacant homeowners and other realtors with vacant listings. Lately, there has been an increase in burglaries and copper thefts in vacant properties for sale. So make sure you let your seller know. Our Association also recommends checking on vacant listings and removing things like removing newspapers that might indicate that no one is living there. The also recommend we let the local police department know which of our listings are vacant.

REALTORS® listing property in Webster Groves, Shrewsbury, Maplewood, Richmond Heights, Olivette, and Clayton can contact the East Central Dispatch Center at 314-645-3000.

It's tough out there!

Anne

Webster Groves Home Sales www.StLouisHome.com

While I was doing a market analysis for client who is getting ready to put their house on the market, I realized maybe others would like some sales info from various areas. I am constantly doing research on the market for all my sellers. I'm the Listing Specialist on my team...that means I work with sellers and specialize in listing properties.. I also have a Buyer Specialist and guess what she does? 2 guesses!

I'll try to share some Market Data from time to time.
So here's the data on houses that sold in the school district of Webster Groves, MO.

463 Homes Sold in 2010
$115 Million in dollar volume.
The lowest sale in Webster was $40,000
The highest? $1.5 Million
2 House sold above $1 Million, 3 in $800K, 2 $700K range, 7 $600K, 17 $500K, & so on.
the average list price was $259,000
The Average Sale Price was $249,000

So on average Sellers came down about $10,000.

So what does this mean?
It means for all the talk of the terrible market. Houses still moved in Webster.
We sold a few of them. Yahoo!

Here's what you really want to know if you are a seller.

Price is right to start with. You'll get more. It's not just a realtor trying to get you to price it low. If it's based on market data, we are trying to preserve your equity and pricing it right, helps you keep more of it according to the data.
See for yourself.

For instance,
The list price to sale price ratio really tells the tale.

Sellers that sold in the 1st 30 days, got 97% of their asking price,
Sellers that sold in 31-60 days, got 95%
61-90 days, got 91%
91-120 got 87%
120+ days got 84%

Seeing that trend here?

We realtors usually tell our sellers to price a house at $X based on the market analysis work we do. When sellers price at $X, they 97% of that price.

All too often, a seller will still price at $Y or $Z, hoping there is still "fat" in the market. But there's not. It's still a lean market, with very little fat.

So I know it's painful. But if you have to move, you have to price it to sell. Otherwise, you'll sit on the market and ultimately get less than if you had priced it right start.

My team & I have 7 under contract and/or closed...without the tax credit. So we are looking for a year where things are moving! And people are moving! So be encouraged. We sold 71 properties last year. It was believe it or not, one of my best years in 25years of selling St. Louis. So things are selling, have sold and will continue to sell. When you ready, jump in!

Anne :-)

Feel free to play around and search the internet like an agent at www.StLouisHome.com