there are way too many variables to even start to answer that question here. It depends on the area your home is in, the condition of the home, the appreciation/depreciation of homes over the past couple of years and much more. In some areas of St Louis, we are back to a sellers market. In a few areas, we are still at a buyers market. even in the areas where it is a sellers market, we need to look at what the homes in your area have been selling for over the past 2 years.
Please note that if you are looking at assessed value for upcoming taxes, vs market value, that takes into consideration homes that have sold in a set time frame as well... more
We do have a significant student population in Dutchtown, but the proximity is to St. Louis University and Washington University. Dutchtown (a south St. Louis city neighborhood) is roughly 18 miles from the UMSL campus in Normandy (a near northwest suburb).... more
Rick Wiedenhoeft of Keller Williams will be able to help you, and if he thinks there is somebody better suited to your situation, he can point you in the right direction. He has a prove track record and is a "go to" for many KW agents/consultants in the investment arena. Please be sure to tell him I sent you!
This is such a broad question it is hard to be too specific. Values of rent are property specific and for the most part, rents have not gone down. Yes, you may find some move in deals, but the demand for rental property is often times being driven by the unfortunate circumstances many people face of loosing their house to foreclosure and short sales. As a result, many families want to make an effort to keep their children in the same schools and will pay top dollar for rental houses in those same areas that are in reasonable shape. Downtown, however, has many lofts that can be rented for less money than at this time last year. Look for this trend to continue for 2010.... more
The numbers are different throughout St. Louis County and City, as well as within different price ranges and home type...regardless; most areas have doubles or tripled days on the market since 2007. However,
in St. Louis City, 170 homes in the $200K to $250K sold in the last year with an average 129 days on market. In zip 63116 there were 27 homes sold within that price range in the last year with an average 125 days on market. Hope that helps. Dana Tippit 314-651-9900... more
I would invest in a city/state which has a stable job employment market. Purchasing now is a great time I am not only a realtor in Dallas TX but a real estate investor. Dallas has a strong market for investors vs. other states. If the home has a equity allows you care it why not make a profit interest rates are low.... more