St Louis Real Estate Exchange

The most informative Real Estate Blog in St. Louis

July 18, 2018

Demand For Homes To Buy Continues To Climb

Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market.

According to the National Association of Realtors (NAR), the inventory of homes for sale “has fallen year-over-year for 36 consecutive months,” and now stands at a 4.1-month supply. A 6-month supply of inventory is necessary for a balanced market and has not been seen since August of 2012.

NAR’s Chief Economist Lawrence Yun had this to say,

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

Is There Any Relief Coming?

According to the CoreLogic’s 2018 Consumer Housing Sentiment Study, four times as many renters are considering buying homes in the next 12 months than homeowners who are planning to sell, “which is the crux of the available housing-supply imbalance.”

As more and more renters realize the benefits of homeownership, the demand for housing will continue to rise.

Do homeowners realize demand is so high? With home prices rising across the country, homeowners gained over a trillion dollars in equity over the last 12 months, with the average homeowner gaining over $16,000!

 

The map below shows the breakdown by state:

Many homeowners who have not thought about listing their homes may not even realize how much equity they have gained, or the opportunity available to them in today’s market!

Bottom Line

If you are one of the many homeowners across the country who hasn’t quite found their forever home, now may be a great time to list your house for sale and find your dream home!

July 13, 2018

Want To Sell Your House Faster? Don’t Forget To Stage!

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.
July 11, 2018

Median Home Values Per State

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location”  in reference to identical homes increasing or decreasing in value based on where they’re located.

In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors.

Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these categories by nearly 10% over the past year, while those in the premium markets have appreciated at closer to 6%.

Bottom Line

 

If you are debating whether or not to buy and/or sell a home this year, meet with a local real estate professional who can help you figure out exactly what’s going on in your market.

Jan. 13, 2016

Just Listed | 654 Covered Bridge Lane O Fallon, MO 63368

654 Covered Bridge Lane O Fallon, MO 63368

654 Covered Bridge Lane O Fallon, MO 63368

This 1.5 story townhouse has a lot to offer! The main floor welcomes you with an open floor plan, a kitchen area with pantry and breakfast bar, and opens to the 2 story great room with vaulted ceiling, large windows allowing for plenty of natural daylight, and ceiling fan. Walk out the sliding glass doors to the four seasons room with gas fireplace, perfect for entertaining guests and for your enjoyment! Escape to the master bedroom located on the main level complete with a full bath featuring double sinks. The 2nd level has a nice size bedroom, full bath, and a loft. Make your way to the lower level with laundry area and a built-in work station for laundry or office, 3rd bedroom, and full bath with jetted tub. Freshly painted with level yard backing to trees, 1 car garage, wired for ethernet, and is ready for the new owners!

See more photos!

Contact Michael Nettemeyer for more information!

Michael Nettemeyer
The Nett Group Real Estate Advisors | Keller Williams Realty West
Office 636.675.8255
Cell    314.761.4057
Jan. 13, 2016

Just Listed | 4348 Koeln Ave, St Louis 63116

4348 Koeln Ave, St Louis 63116

4348 Koeln Ave, St Louis 63116

This 1.5 story townhouse has a lot to offer! The main floor welcomes you with an open floor plan, a kitchen area with pantry and breakfast bar, and opens to the 2 story great room with vaulted ceiling, large windows allowing for plenty of natural daylight, and ceiling fan. Walk out the sliding glass doors to the four seasons room with gas fireplace, perfect for entertaining guests and for your enjoyment! Escape to the master bedroom located on the main level complete with a full bath featuring double sinks. The 2nd level has a nice size bedroom, full bath, and a loft. Make your way to the lower level with laundry area and a built-in work station for laundry or office, 3rd bedroom, and full bath with jetted tub. Freshly painted with level yard backing to trees, 1 car garage, wired for ethernet, and is ready for the new owners!

See more photos!

Contact Michael Nettemeyer for more information!

Michael Nettemeyer
The Nett Group Real Estate Advisors | Keller Williams Realty West
Office 636.675.8255
Cell    314.761.4057
Dec. 22, 2015

Home Equity Increasing as Home Prices Rise

Summary:

  • 91.9% of homes in the US have positive equity
  • 256,000 homes regained equity in the third quarter of 2015
  • 37.5 million homes have significant equity (defined as more than 20%)
Dec. 17, 2015

New Price Reduction! 10 Applehill Court

Price Reduced! 10 Applehill

PRICE REDUCED! 10 Applehill Court, Saint Peters, MO 63376

Only $139,900

This 3 bedroom 2.5 bath 2 story home offers a large family room with bay window allowing for plenty of natural light, wood burning fireplace, and opens to a formal dining room. Enter the kitchen and find ample cabinet and counter space, pantry, and glass sliding door off the breakfast room that opens to a spacious deck and a private back yard. Off the hallway is a main floor laundry room and powder room. The 2nd floor offers a master bedroom suite with bay window and full bath. The 2nd and 3rd bedrooms share the hall full bath. This is a great home and priced below market for a quick sale!

Contact Michael Nettemeyer for more information!

Michael Nettemeyer
The Nett Group Real Estate Advisors | Keller Williams Realty West
Office 636.675.8255
Cell    314.761.4057
Dec. 15, 2015

The Nett Group Presents 834 Lilybud Ct #B, Ballwin 63011

834 Lilybud Ct #B, Ballwin 63011

This 1.5 story townhouse has a lot to offer! The main floor welcomes you with an open floor plan, a kitchen area with pantry and breakfast bar, and opens to the 2 story great room with vaulted ceiling, large windows allowing for plenty of natural daylight, and ceiling fan. Walk out the sliding glass doors to the four seasons room with gas fireplace, perfect for entertaining guests and for your enjoyment! Escape to the master bedroom located on the main level complete with a full bath featuring double sinks. The 2nd level has a nice size bedroom, full bath, and a loft. Make your way to the lower level with laundry area and a built-in work station for laundry or office, 3rd bedroom, and full bath with jetted tub. Freshly painted with level yard backing to trees, 1 car garage, wired for ethernet, and is ready for the new owners!

See more photos!

Contact Michael Nettemeyer for more information!

Michael Nettemeyer
The Nett Group Real Estate Advisors | Keller Williams Realty West
Office 636.675.8255
Cell    314.761.4057
Dec. 7, 2015

Open House by The Nett Group | Wildwood Home For Sale

1651 Garden Valley Dr. Glencoe, MO 63038

Open House: December 13, Sunday @ 1:00PM - 3:00PM

Click here for more photos

Contact Michael Nettemeyer for more information!

Michael Nettemeyer
The Nett Group Real Estate Advisors
Cell    314.761.4057
Dec. 7, 2015

Price Reduced! 10 Applehill Court, Saint Peters, MO 63376

Price Reduced!

PRICE REDUCED! 10 Applehill Court, Saint Peters, MO 63376

Only $139,900

Contact Michael Nettemeyer for more information!

Michael Nettemeyer
The Nett Group Real Estate Advisors | Keller Williams Realty West
Office 636.675.8255
Cell    314.761.4057