Albersroger, Home Seller in Saint Charles, MO

What is the average time on the market for this area? 63301

Asked by Albersroger, Saint Charles, MO Wed Apr 4, 2012

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There have been 934 single family homes on the market in the 63301 zip code over the past year. In 2007 the ave days on market was 60 with a median price of $155,000; in 2008 it was still 60 days but the median price dropped to $152,000; in 2009, it went up to 62 days on market and the median price dropped to $142,000. In 2010 the days on market went back to 60, and the price went up to $144,000; in 2011 the days on market increased to 88 and the median sales price dropped to $129,000. Since the start of 2012, the average days on market has been 88 and the price has declined to $115,000.

That said, we have had homes all the way along that were properly fixed up and prepped to go on the market that sold in a week with multiple offers and we have had homes that were overpriced for their condition that have sat for over 2 years. We have also had wonderful homes that were prepped to go on the market that didn't sell because the competition around them priced themselves lower or did a better job of being prepared to go on market or just plain had more amenities.

Sitting down at the start with your Realtor and planning out what needs to be done to the home, vs what price to list at, is very important if you want a quick sale. Always keep in mind that some things increase the value of the home, but do not get it sold faster, while other things don't increase the value but get it sold faster WHICH MAY INCREASE THE NET TO THE SELLER because the faster it sells, the sooner the seller gets out from under the mortgage, insurance, utilities, taxes, etc.

Please let me know if I can be of any further assistance, I have done quite a bit of business in that area.
0 votes Thank Flag Link Wed Apr 4, 2012
To be more precise April 2011 - March 2012 the average DOM was 105 days for sold homes.
0 votes Thank Flag Link Wed Apr 4, 2012
This was for zip code 63301 only.
Flag Wed Apr 4, 2012
Per the multiple listing service, the average amount of to get a sale in the 63301 zip code for a residence is 85 days with the average price being just under $110,000. However, the location, condition, and price of the listing will greatly influence this number, as will the experience and effectiveness of your Realtor.
0 votes Thank Flag Link Wed Apr 4, 2012
Time on the market or days on the market are a interesting number in real estate. Its looked at different ways from both buyers and sellers. Two - three years ago as the market was still decreasing it was easily 6.5 months. But now as we see sellers price their homes well and buyers motivated to move on a home we are back down to a 120 day average.

If your considering selling remember in todays market homes will sell fast in your area if they are priced well, marketed aggressively, and show well when buyers look. Find yourself a good Realtor that will market your home online as well as in print. Pictures will make or break your listing so make sure professional equipment is used. Your home's presentation is vital to your success.

If your a buyer than this is not the market to just look around. Homes are selling and if they look good and are priced right than they will go fast. The age of cheap money is starting to come to an end so make sure you lock in rates now while they are still at historic lows. Buying a home is an important decision so take your time but don't wait too long because you may regret it.

Good luck. If I can be of any assistance give me a call. 314-479-8583
0 votes Thank Flag Link Wed Apr 4, 2012
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