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St. Louis Real Estate Market Update: Sunset Hills

Sunset Hills is a St. Louis suburb where you can buy an affordable home and watch it grow in value each year. 

St. Louis Real Estate Market Update: Sunset Hills, MO | Arch City Homes

Located in the southwest section of St. Louis County, highway 270 runs through the middle of Sunset Hills, resulting in a short commutes to most of the St. Louis area.

ACH TV: St. Louis Residents Talk About Where They Live ~ Sunset Hills, MO | Arch City Homes

Learn more about Sunset Hills from a resident’s point of you.

If you want to stay informed of St. Louis housing market information, subscribe to the Arch City Homes weekly email so you don’t miss any posts! 

Sunset Hills Real Estate Market Update:

How Much Do Sunset Hills Homes Cost?

St. Louis Real Estate Market Update: Sunset Hills, MO | Arch City HomesSince 2012, the median sale price in Sunset Hills, MO has increased each year. With the overall housing market increasing in the last few years, homes in good condition are seeing their value increase.

With only 35 sales in Sunset Hills so far this year, the median sale price isn’t as meaningful of a statistic as in areas with higher sales volume since a couple of high or low priced sales makes a major impact on the median.

Here is the distribution of home sales so far this year in Sunset Hills:

  • $100,000 – $200,000 – 6
  • $200,000 – $300,000 – 5
  • $300,000 – $400,000 – 8
  • $400,000 – $500,000 – 2
  • $500,000 – $600,000 – 3
  • $600,000 – $700,000 – 3
  • $700,000 – $800,000 – 3
  • $800,000 – $900,000 – 1
  • $1.0mm – $1.4mm – 4

How Long Does It Take to Sell a Sunset Hills Home?

St. Louis Real Estate Market Update: Sunset Hills, MO | Arch City HomesCDOM stands for Cumulative Days on Market. This statistic tracks how long it takes for a home to get a contract that ultimately closes. The cumulative part means that this number does not reset just because a seller changes agents unless the home comes off the market for at least 60 days.

While median sale price has been increasing in the last few years, the time it takes for Sunset Hills homes to sell has been dropping. So far this year, 80% of the homes that sold in Sunset Hills got an accepted contract in 60 days or less and half sold in just 2 week or less.

Successful Sales vs Failed Attempts to Sell:

St. Louis Real Estate Market Update: Sunset Hills, MO | Arch City HomesIf you want to live in Sunset Hills, you will have found fewer homes available each year over the last few years. The higher number of sales in 2011 and 2012 was partially due to the buildup of sellers waiting to sell due to the depressed housing market from 2008-2010. Now that those home sellers have successfully sold, the number of annual sales is more limited.

With so few homes available for sale in popular Sunset Hills, almost all of the homes have successfully sold this year.

With home sale prices going up, homes selling faster and very few homes available, a home purchase in Sunset Hills, MO is a good investment. 

Are You Thinking About Moving?

I specialize in selling St. Louis 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 also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St Louis area, give me a call at 314-265-8073 and let’s talk about your options.

St. Louis Real Estate Market Update: St. Charles, MO

St. Charles is a St. Louis region suburb where you can buy an affordable home and watch it grow in value each year. 

St. Louis Real Estate Market Update: St. Charles, MO | Arch City Homes

Located on the just west of the Missouri River, St. Charles offers quick access into St. Louis County. You can also meet all of your shopping, dining and entertainment needs within minutes of your St. Charles home.

Exploring St. Louis One Meal at a Time: Prasino (St. Charles) | Arch City Homes

Learn more about St. Charles from a resident’s point of you.

If you want to stay informed of St. Louis housing market information, subscribe to the Arch City Homes weekly email so you don’t miss any posts! 

St. Charles Real Estate Market Update:

How Much Do St. Charles Homes Cost?

St. Louis Real Estate Market Update: St. Charles, MO | Arch City Homes

Since 2012, the median sale price in St. Charles MO has increased each year. With fewer cheap foreclosures available for purchase in the last few years, homes in good condition are seeing their value increase. While values are going up, the median sale price is very affordable at just under $200,000.

While there were home sales in St. Charles from under $30k to almost $1mm in the last year, 92% of the homes sold between $100,000 and $400,000.

How Long Does It Take to Sell a St. Charles Home?

St. Louis Real Estate Market Update: St. Charles, MO | Arch City Homes

CDOM stands for Cumulative Days on Market. This statistic tracks how long it takes for a home to get a contract that ultimately closes. The cumulative part means that this number does not reset just because a seller changes agents unless the home comes off the market for at least 60 days.

While median sale price slightly dropped from 2011 to 2012, the time it took to sell a home in 2012 dropped dramatically…indicating that a shift was starting in the St. Charles market. Homes started selling faster but there was a lag in prices doing up until the following year. Since 2012, the time it took to sell a home in St. Charles has decreased each year.So far this year, 80% of the homes that sold in St. Charles got an accepted contract in just 60 days.

Successful Sales vs Failed Attempts to Sell:

St. Louis Real Estate Market Update: St. Charles, MO | Arch City Homes

In 2011, there were more successful homes sales in St. Charles than there were failed attempts to sell, but the gap wasn’t that big.

Since 2012, the trend widened the gap with substantially more homes selling each year than failing to sell. In the least few years, only a small percentage of agent listed homes in St. Charles fail to sell. Last year, 21% of the homes that were listed in St. Charles came off the market without selling. As of today, the number of failed attempts to sell has has dropped to 13% of listed homes.

With home sale prices going up, homes selling faster and fewer listed homes failing to sell, a home purchase in St. Charles, MO is a good investment. 

Are You Thinking About Moving?

I specialize in selling St. Louis 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 also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St Louis area, give me a call at 314-265-8073 and let’s talk about your options.

St. Louis Real Estate Market Update: Hazelwood, MO

Hazelwood is a St. Louis suburb where you can buy an affordable home and watch it grow in value each year. 

St. Louis Real Estate Market Update: Hazelwood, MO | Arch City Homes

Located on the western edge of North County, Hazelwood offers quick access to highways and short commutes to most of the St. Louis area.

ACH TV: St. Louis Residents Talk About Where They Live ~ Hazelwood, MO | Arch City Homes

Learn more about Hazelwood from a resident’s point of you.

If you want to stay informed of St. Louis housing market information, subscribe to the Arch City Homes weekly email so you don’t miss any posts! 

Hazelwood Real Estate Market Update:

How Much Do Hazelwood Homes Cost?

St. Louis Real Estate Market Update: Hazelwood, MO | Arch City Homes

Since 2011, the median sale price in Hazelwood, MO has increased each year. With fewer cheap foreclosures available for purchase in the last few years, homes in good condition are seeing their value increase. While values are going up, the median sale price remains well below $75,000.

Renters who want to own a home but are on a limited budget can easily become a homeowner in Hazelwood. The area is also ideal for investors who want to purchase inexpensive properties to build a rental portfolio.

How Long Does It Take to Sell a Hazelwood Home?

St. Louis Real Estate Market Update: Hazelwood, MO | Arch City Homes

CDOM stands for Cumulative Days on Market. This statistic tracks how long it takes for a home to get a contract that ultimately closes. The cumulative part means that this number does not reset just because a seller changes agents unless the home comes off the market for at least 60 days.

While median sale price has been increasing each year since 2011, the time it takes for Hazelwood homes to sell has been dropping. So far this year, half of the homes that sold in Hazelwood got an accepted contract in just under 6 weeks.

Successful Sales vs Failed Attempts to Sell:

St. Louis Real Estate Market Update: Hazelwood, MO | Arch City Homes

In 2011, there were more failed attempts to sell a home in Hazelwood than there were successful sales.

Since 2012, the trend has reversed. In the least few years, only a small percentage of agent listed homes in Hazelwood fail to sell. Last year, 30% of the homes that were listed in Hazelwood came off the market without selling. As of today, the number of failed attempts to sell has has dropped to 27% of listed homes.

With home sale prices going up, homes selling faster and fewer listed homes failing to sell, a home purchase in Hazelwood, MO is a good investment. 

Are You Thinking About Moving?

I specialize in selling St. Louis 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 also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St Louis area, give me a call at 314-265-8073 and let’s talk about your options.

St. Louis Homes DO Sell in the Fall and Winter

Most people assume that you can’t sell a home in St. Louis in the fall or winter.

There ARE more people looking for homes in the spring and summer. But there are also a lot more homes on the market that become competition for home sellers.

If you do put your house on the market in the fall or winter, be prepared for few showings. But fewer showings doesn’t mean homes don’t sell.

St. Louis Homes DO Sell in the Winter | Arch City Homes

There may be fewer St. Louis buyers looking in the fall and winter, but the people who are looking are serious buyers. They NEED a house. If your house is the one in your area with the best features and condition for the price, you have a very good chance of selling…even in the slowest month of the year.

If you want to stay informed of St. Louis housing market information, subscribe to the Arch City Homes weekly email so you don’t miss any posts! 

Homes Sell Every Month During the Year:

The chart below shows all of the MLS listed home sales with a sale price between $100,000 and $1,000,000 in the St. Louis area that sold in the last 4 years. 

While sales have been increasing every year since 2011, the trend of sales by month has been fairly consistent.

Data includes homes sold in St. Louis City, St. Louis County and St. Charles County that were entered into MARIS as a residential listing. This category includes resale single family homes and most of the new construction listings, but excludes the majority of condo sales. 

 

St. Louis Homes DO Sell in the Winter | Arch City Homes St. Louis Homes DO Sell in the Winter | Arch City Homes

Take a good look at the chart above. Yes, there are fewer homes sold during November, December, January, February and March. But, added together, 30% of annual home sales occur during these 5 months.

Keep in mind that the typical home sale gets an accepted contract 6-8 weeks prior to closing. If a seller accepts an offer in October, the home will probably sell in late November or December. Since the fewest number of buyers are looking at homes during the Thanksgiving and Christmas holiday season, this results in the low level of sales in January and February.

But there were still over 1,300 sellers who sold their homes over the holidays and closed during January and February last year.

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 also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home, give me a call at 314-265-8073 and let’s talk about your options.

Homes Sales by Price Point – St. Louis vs Nationwide

If you want to stay informed of St. Louis housing market information, subscribe to the Arch City Homes weekly email so you don’t miss any posts! 

The sluggish real estate market is a thing of the past. While there is no guarantee what the market will do in the future, home sales have increased in St. Louis and the entire U.S. market over the last year.

Nationally, the only drop in home sales were for home that sold under $100,000.

Keeping Matters Current infographic 2014

This image above was created by Keeping Matters Current, a real estate company that provides market information to agents. The data comes from the National Association of Realtors, which looks at real estate trends for the entire U.S.

St. Louis Home Sales Trends:

Following national real estate trends is like watching a national weather report. In the weather report, you can find out if colder weather is coming, but you won’t find out if it is going to rain in your town tomorrow.

It’s the same with real estate.

The national real estate trends have a big impact on the overall economy and most communities will mirror their overall national trends. But national trends display averages which vary widely across the country.

The housing market trends in St. Louis are not the same as those  in New York, San Diego or Dallas.

St. Louis Home Sales Are Improving:

 

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

Data includes residential home sales listed in the MLS for St. Louis City, St. Louis County and St. Charles County. 

As you can see from the chart above, median sale price has been increasing for the last 3 years years while the time it takes to sell a home has been dropping (CDOM = cumulative days on market). This year, half of the homes sold in 25 days or less!

St. Louis Home Sales by Price Range:

St. Louis home sales trends are very different from national trends.

The charts below just reinforce the idea that you need to get your housing market trend information from a local source (like me!), rather than from national news outlets.

I used the same prices ranges as the chart above so you can see how different the St. Louis housing market really is compared to national averages.

St. Louis Homes Sales: Under $100,000

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

St. Louis Home Sales: $100,000 – $250,000

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

St. Louis Home Sales: $250,000 – $500,000

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

St. Louis Home Sales: $500,000  – $750,000

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

St. Louis Home Sales: $750,000 – $1,000,000

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

St. Louis Home Sales: $1,000,000 or More

Homes Sales by Price Point - St. Louis vs Nationwide | Arch City Homes

What Does This Mean to You:

St. Louis home sale prices ARE improving overall year to year, but the sale price increases are not across all price ranges. The biggest improvement in sale prices are in homes under $100,000. With prices going up so fast in this price range, investors need to jump in now and purchase properties to take advantage of quick appreciation likely over the next few years.

Homeowners in the $100k – 250k price range are also seeing moderate increases in home values year over year.

However, home values over $250,000 are not seeing the same appreciation. Keep in mind that these charts are comparing the median price of homes that sold in a particular year to homes that sold in another year. They are NOT telling you what is happening to the market value of a particular house. Stagnant median sale prices from year to year means that buyers are not willing to buy more expensive homes overall. But, a single home might still have increased in value from $300,000 to $350,000. 

The only way to know how the value of your home is doing is to talk to a local real estate agent (like me!). 

Homes are Selling Fast:

In comparison, homes at all price ranges are selling much faster than they did in the last few years. Buyers who dawdle when they find a home they like may find it sell before they make an offer.

Making sure you don’t overpay in those price ranges that have had little price appreciation but are selling fast can be tricky. You NEED a good agent to protect your interests.

There can also big differences from one part of town to the next. Just because homes are selling fast with multiple offers in the most desirable parts of town, doesn’t mean that you’ll be able to sell quickly in areas with large numbers of similar homes available for sale.

Hire Me:

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 also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home, give me a call at 314-265-8073 and let’s talk about your options.