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
Good morning. I see only 2 houses out of 113 dropped their price in the listing service. It ranges dramatically all over St. Louis in different neighborhoods.
I would be happy to help you find the home that meets your criteria. Feel free to call me anytime.... 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