A fantastic move-in ready home in a great location means this won’t last long. This spacious 2 story features 3 bedrooms, 2 full baths, 2 half baths, a large deck with beautiful views, and a finished lower level with fireplace. There is a large great room with crown molding and updated lighting fixtures opening up to a separate dining area with access to the deck. The kitchen has a separate eating area, granite counters with a large single bowl sink, and updated cabinets. Recently the roof was replaced, and furnace was replaced just a couple of years ago. Upstairs you will find a spacious master suite with updated lighting, crown molding, and his & hers closets. Walk down to the lower level with a large brick fireplace, a half bath, plenty of storage, and a walkout opens up to a large patio that keeps dry with a roofing system with gutters.
August came and went…..and left an impact on Real Estate.
On a national level the months of inventory was 5.2 compared to 5.6 for 2014. With the lower inventory brings a faster sales timeframe, the average days on the market were 47 compared to 53 for 2014. The highlight of August was the huge surge in first-time homebuyers…..a staggering 32%! This represents more first-time homebuyers than July of 2015, and August of 2014.
Looking strictly at the St. Louis area the months of inventory is much different. For August of 2015 we averaged 3.5 months, compared to 4.2 for 2014. The average days on the market were 60 compared to 82 for 2014.
What does this mean for you? If your a seller or interested in selling your home NOW is the time. Inventory levels are down along with the average days on market translates into a sellers market for now. If your a buyer this means you have limited time to “think it over” when looking at homes and your offers need to be very strong.
Let’s see how September plays out.
This home is truly the best of both worlds; updated and location. Walk through the 2 story entry foyer and you will notice the scraped laminate flooring throughout, the gas fireplace will keep you warm in the large great room overlooking the park-like backyard backed to woods. The kitchen features updated stainless steel appliances, updated lighting, granite counters, and plenty of cabinet and counter space. The master suite is on the main level with a walk-in closet, his/her sinks, and separate tub and shower. The amenities continue in the finished lower level with a full wet bar, large entertaining area wired for 5 TVs, and plenty of storage space. All of this is situated in the heart of Fenton near George Winter Park perfect for boating or fishing. Nearby Gravois Bluffs has a huge selection of family activities, shopping, restaurants, with easy access to multiple interstates.
Here is a market update for St Louis County.
Home sales in the county have been steadily increasing over the past 6 months. We had a huge surge of buyers and a lack of inventory around the March time frame. Since then inventory levels have increased and we are starting to see a more neutral balance. There are some hot spot area’s where a sellers market is clearly evident but for the most part the market is neutral.
What does this mean for you? If your a seller with an exceptionally updated home priced well you could possibly see a multiple offer situation with a sale price at or above your asking price. If your a buyer you need to call your Realtor as soon as a nice home comes on the market and see it the first day. You may not have until tomorrow to see that home, and you need to be willing to pay close to full price.
Here is an update on home sales in 63026
Over the past 12 months we have seen some consistent sale numbers in the area. Once 2014 rolled around the original sale price spiked in March. That was expected due to the low inventory we were experiencing. What you can see now is a leveling off of the original sale price and a steady increase in the actual sale price.
What does this mean for you? Sellers are getting more realistic on the asking price of their home, and the buyer pool has increased which means home prices are near and often times over asking price. I would say the market is neutral for the most part. With exceptionally updated homes priced well……those become a sellers market with multiple offers.