As I mentioned in my previous post on St. Louis County’s Market Report, I’ll be providing you with updated home sales data each month so you can track the local market.
St. Charles County is rapidly growing with new subdivisions popping up around every corner. The large number of homes available in the county is great for buyers, but can result in a longer time to sell when you are ready to move again.
The data below summarizes only residential properties located within the school district boundaries that have been listed through the MLS. This data includes single family homes, detached cluster homes, and new construction including ‘to be built’ properties. It may also include some townhomes and attached villas if they were entered as residential properties rather than condo/cluster properties. Active & Under Contract data is based on December 2, 2007. The data is obtained through MARIS and is deemed reliable but is not guaranteed.
| St. Charles | |
| # of Active properties: | 181 |
| # of Under Contract properties: | 37 |
| # of Sold properties (Nov 07): | 33 |
| Avg Active list price: | $213,472 |
| Avg Sold price (Nov 07): | $189,094 |
| Avg days on market Active properties: | 108 |
| Avg days on market Sold (Nov 07): | 84 |
| Avg Sold $/List $ (Nov 07): | 95.40% |
| Hi/Low Sold price (Nov 07): | $610,000/$54,900 |
| Francis Howell | |
| # of Active properties: | 763 |
| # of Under Contract properties: | 112 |
| # of Sold properties (Nov 07): | 91 |
| Avg Active list price: | $344,893 |
| Avg Sold price (Nov 07): | $224,445 |
| Avg days on market Active properties: | 144 |
| Avg days on market Sold (Nov 07): | 81 |
| Avg Sold $/List $ (Nov 07): | 95.98% |
| Hi/Low Sold price (Nov 07): | $1,065,000/$92,000 |
| Fort Zumwalt | |
| # of Active properties: | 806 |
| # of Under Contract properties: | 110 |
| # of Sold properties (Nov 07): | 72 |
| Avg Active list price: | $266,848 |
| Avg Sold price (Nov 07): | $191,087 |
| Avg days on market Active properties: | 129 |
| Avg days on market Sold (Nov 07): | 70 |
| Avg Sold $/List $ (Nov 07): | 97.67% |
| Hi/Low Sold price (Nov 07): | $420,000/$106,000 |
| Wentzville | |
| # of Active properties: | 852 |
| # of Under Contract properties: | 121 |
| # of Sold properties (Nov 07): | 55 |
| Avg Active list price: | $279,728 |
| Avg Sold price (Nov 07): | $258,285 |
| Avg days on market Active properties: | 136 |
| Avg days on market Sold (Nov 07): | 92 |
| Avg Sold $/List $ (Nov 07): | 94.90% |
| Hi/Low Sold price (Nov 07): | $943,400/$58,000 |
When you are ready to sell, it is important to keep in mind supply & demand levels when you set a price for your home. For each of the school districts above in St. Charles County, there is a 6-8 month supply of homes. The homes that sell next month will be the ones that have features that are hard to find at their price point and are in spectacular condition, or they will be priced aggressively to attract the buyers that are looking for a bargain.
In October I had two listings that sold in under a month (one in only 7 days!). It IS possible to get your home sold quickly, even in the current slow market.
10936 Manchester Road St. Louis, MO, 63122 USA
admin@archcityhomes.com • 314-677-6538
Possibly Related Posts:
- St. Louis Region Housing Market Report – 2009 Home Sales
- St. Louis Region Market Report: January – June 2008 (Part 2)
- St. Louis Region Market Report: January – June 2008 (Part 1)
- Housing Inventory has been Dropping – A Good Sign for the Real Estate Market
