Saint Louis, MO Real Estate News

By Alicia Sierra
(Hermann London)
 So often as Realtors we meet would-be homebuyers at Open Houses, the browsers, the window shoppers ... they do a lot of looking. And that is about it. What keeps them looking, but keeps them from buying?  My theory:  fear.  Fear of buyers' remorse.  Fear of feeling ripped-off after the fact.  Fear of making the wrong decision after so much careful contemplation.Well, you window shoppers, there is something that keeps you looking, some desire in there to actually become a homeowner.   So, ask yourselves, is there a point in time at which your regret is NOT buying?  ... is it 1 year from now, 5 years from now?  Perhaps the real fear is of the unknown.  So take a little time to inform yourselves.  Hud offers a wealth of information:   http://www.hud.gov/buyingKnow what to expect from a pr...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
We've just secured a price adjustment on my listing at 3406 Dunnica Ave.  We are now listed at $74,900.  In addition to paying for a home warranty, the seller is also including the washer and dryer, and the lawnmower.  For more information on this cute home located a block from Keystone Place, and new construction, please visit:  www.3406DunnicaAve.com.On another note, I'm still trying to get my deal on San Miguel to close.  It was supposed to close last Friday, then tomorrow; now we're shooting for this Friday.  All I can say is the sellers have been very patient with us so far.  The listing agent has been very professional, too, so far.  God, I just want to get this one closed...I got a call from a supposed friend this afternoon.  We (or I) had planned to list his home this spring, bu...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for single family homes in the City of St Louis (areas 1,2,3).  These statistics were gathered from the local Multiple Listing Service:There were 831 total Active lisings on the market.  The average days on market was 209.There were 26 new Active listings on the market, with List prices ranging from $99,000 to $539,000.11 listings went under contract (Contingent/Option), with List prices ranging from $129,900 to $324,900.16 listings went Pending, with List prices ranging from $19,900 to $878,000.15 listings Sold, with Sold prices ranging from $85,000 to $567,500.27 listings Expired, with List prices ranging from $79,900 to $445,000.And, finally, 14 listings went Inactive  (Cancelled/Withdrawn), with List prices ranging from $83,400 to $209,900.The p...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for single family homes in the City of St Louis (areas 1,2,3).  These statistics were gathered from the local Multiple Listing Service:There were 1773 total active listings on the market.  Our average days on market is 117.There were 147 new active listings, with List prices ranging from $9,900 to $899,900.31 listings went under contract (Contingent/Option), with List prices ranging from $29,900 to $430,000.60 listings went Pending, with List prices ranging from $8,000 to $425,000.61 listings Sold, with Sold prices ranging from $7,200 to $616,900.145 listings Expired, with List prices ranging from $9,900 to $1,295,000.And, finally, 21 listings went Inactive, with List prices ranging from $49,900 to $659,000.The pending ratio, which is the number of ...
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By Debi Ernst, GRI, e-PRO, Broker/Sales Associate
(St. Charles County, Missouri - Prudential Alliance Realtors)
I don't know about anywhere else, but St. Louis, MO broke a 100 year record in rainfall last March!  The normal amount of rain for the month of March is under 4 inches.  We received over 8 inches in March this year!  Wow!  What a soggy mess!  Let me tell you, we were so thankful to see the sunshine yesterday and today!  The temperature was in the 60's both days.  You never know what a blessing the sun is until you don't see it for a few days.  :)  Well, I hear there's more rain on the way next week.  Maybe the weather guys will be wrong this time...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
In our March 26 Mastermind class we discussed the 5th attitude of a high achiever, from the Keller Williams Power Perspectives Session.  This fifth attitude is: removing limiting beliefs.  High achievers constantly work to reduce/overcome their limiting beliefs.  Just because they have a fear of something, they do not let that fear stop them.  They practice and work on overcoming the fear until it is no longer so stressful/fearful.  The acronym FEAR stands for False Evidence Appearing Real.  It's OK to have a fear of something; we all fear different things.  Fear just means that you care about the outcome.  Overcoming these limiting beliefs can lead us to higher levels of possibility and achievement.This was pretty powerful to me.  I constantly have to deal with my limiting beliefs.  Fo...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Happy April Fools Day, Everyone!  Cardinals are playing again tonight, after the game was rained out last night.  Our friends, Kim and Gary, have just called to let us know they hit a home run.  I hope they win.At our March 19 Mastermind class at the office we covered the 4th Attitude of a High Achiever from the Keller Williams Power Perspectives course:  High achievers are learning based.There are 4 stages of learning: 1.  The mental stage - understanding; 2.  Emotional learning - "I know it", you can see how it will fit; 3.  Wisdom - you now have the ability to do it, not just know it; 4.  Empowerment - the skills you have learned are now a part of you - unconscious competence.Many people know what they know and don't want to learn anything else.  They are afraid of the "pain" stage o...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
My three open houses on the Big Big Tour went well yesterday.  We had 18 people through on 3881 McDonald Ave, 16 through on 6409 Lavernell Ct, and nearly 30 on 4208 Cleveland Ave.  It was a four hour open house, so it was a long afternoon.  The weather forecasts called for rain, and it was dreary.  I'm glad as many showed up as they did.I've been attending Mastermind classes on Wednesday's at the office from 12:00 to 1:00.  For the last few weeks, we have been talking about the six attitudes of high achievers from the "Power Perspectives" course.  On March 12, we covered the third attitude of a high achiever: Going from E to P.  E stands for entrepreneural style; P stands for purposeful style.  We all have a natural ceiling of achievement - our natural way of doing things.  This will on...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
The Big Big Tour kicks off the spring home buying season.  Join St Louis' only free, City-wide, City-focused home tour this Sunday, March 30.Tours begin at Central Reform Congregation, 5020 Waterman @ Kingshighway at 1:00 am, and is kicked off by a free homebuyer's Fair.  Detailed program and maps for the self-guided tour will be provided at the starting point.This tour is a great opportunity for anyone interested in City living to visit many of the City's neighborhoods.For more information on the tour, visit: http://www.bigbigtour.org/The Big Big Tour is organized and presented by ReVitalize St Louis.  ReVitalize St Louis is a non-profit organization that promotes revitalization efforts in the City of St Louis through education, support of progressive civic projects, and in strengtheni...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
"There seems to be a lot of confusion for the general public of what it means when they hear that the Federal Reserve has just cut interest rates.  This confusion is also not helped by all the mortgage companies that are advertising to call them because the Feds have just cut the rate.The only mortgage rates that may get some help from the recent cuts are ARM rates.  These rates are more closely connected to the short-term rates than are the fixed rates.  Short term rates are what the Federal Reserve is cutting when you hear of a rate cut.There is actually a long disconnect between the federal funds rate and fixed rate mortgages.  Usually, when the fed cuts short term rates the intent is to lower borrowing costs for corporations so that they will invest and hire more employees.  However...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for Condo/Lofts in the city of St Louis (areas 1,2,3).  These statistics were gathered from the local multiple listing service.There are 837 total Active Listings on the market.There were 34 new Active listings, with List prices ranging from $87,900 to $980,000.13 listings went under contract (Contingent/Option), with List prices ranging from $119,900 to $389,900.11 listings went Pending, with List prices ranging from $99,000 to $575,000.11 listings Sold, with Sold prices ranging from $139,000 to $499,500.7 listings Expired, with List prices ranging from $142,700 to $319,000.and 5 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $123,400 to $240,000.The pending ratio, or the number of properties going under contract compar...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for single family homes in the city of St Louis (areas 1,2,3).  These statistics were gathered from the local multiple listing service.There were 1761 Total Active Listings on the market.There were 117 new Active listings, with List prices ranging from $14,900 to $2,350,000.31 listings went under contract (Contingent/Option), with List prices ranging from $10,000 to $449,900.72 listings moved closer to closing (Pending), with List prices ranging from $9,900 to $424,900.48 listings Sold, with Sold prices ranging from $13,000 to $700,000.55 listings Expired from the market, with List prices ranging from $21,900 to $339,500.And 21 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $17,285 to $899,900.For the sold homes, the ave...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for Condo/Lofts in the city of St Louis (Areas 1,2,3) for the week of March 21, 2008.  These statistics were gathered from the local multiple listing service:There are 818 Active Condo/Loft listings in St Louis.Of those, 38 are new Active listings, with List prices ranging from $$29,900 to $620,000.12 listings went under contract (Contingent/Option), with List prices ranging from $144,000 to $$575,000.11 listings moved closer to closing (Pending), with List prices ranging from $109,500 to $557,000.7 listings Sold, with Sold prices ranging from $160,000 to $285,000.43 listings Expired, with List prices ranging from $113,500 to $549,900.And, finally, 6 listings went Inactive (Withdrawn/Cancelled), with List prices ranging from $117,000 to $828,000.I w...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for single family residential homes in the city of St Louis (Areas 1,2,3) for the week of March 21, 2008.  These statistics were gathered from the local multiple listing service:There are 1,748 Active residential listings on the market.Of those, 102 are new Active listings, with List prices ranging from $11,900 to $725,000.36 listings went under contract (Contingent/Option), with List prices ranging from $29,900 to $1,499,000.61 listings moved closer to closing (Pending), with List prices ranging from $5,900 to $519,000.35 listings Sold, with Sold prices ranging from $19,000 to $504,000.64 listings expired, with List prices ranging from $17,900 to $539,900.And finally, 27 listings went Inactive, with List prices ranging from $24,000 to $514,900.Of t...
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By R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham, Bob Mitchell (NMLS#1046286)
(Bank of England (NMLS#418481))
I've been talking with a gentleman from California who is getting ready to relocate here to St. Louis.  While I was introduced to him through the real estate side of my business, we started talking about how he was going to finance his purchase.Turns out that he's doing what a lot of borrowers do.  He's shopping the internet for a lender.He'd been on Lending Tree, as well as several other of these services where "Lender's Compete For Your Business" and had actually gotten to the point where he was confused because all of these lenders were telling him different things.  One told him that they would have to treat the purchase of his property here in St. Louis as an investment property because he hadn't sold his home in California yet (not true, by the way) and another told him that that ...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
I held an Agent Open House today on my listing on 6409 Lavernell Ct.  I sat there for three hours (11 -2), and did not have one single agent show up.  True, weather was pretty lousy - not cold, but rainy - we're actually under flood warnings in the St Louis area and south tonight, but I thought I would have better luck than that.  I advertised in the MLS, KWLS (Keller Williams Listing Service) and sent over 3400 email flyers to surrounding agents.  I use The Listing Widget to create and email flyers to surrounding agents.  I think it's a great program and easy to use - reasonably priced.  I use them for my address-specific web sites, and if you already have a website created for the address, they provide a discount on the email flyers.  Check them out.  I still had no success.  I used t...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Happy St Pat's Day!  It was kind of a dreary-looking one, but at least the rain held off until tonight.  Most of the rain is expected from tonight on, and from the sounds of it, it will be measured in inches - so a soggy next few days.That's not good news for my Agent Open House I have scheduled for my new listing at 6409 Lavernell Ct.  It's planned for tomorrow between 11 -2.  I hope at least one agent shows up.  Usually, I can count on a few agents from my office to stop by.  The office is having a chili cook-off after our sales meeting tomorrow, so I know no one from the office will visit.  I guess it was poor planning on my part, but I feel the best time for an agent open house is right after you take the listing.  We shall see....We closed on 3418 Grace Ave this afternoon.  I repre...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
A huge celebration in St. Louis is the 25th annual Ancient Order of Hibernians St. Patrick's Day Parade, tomorrow (Monday, March 17). The parade, an annual St. Louis tradition, passes through one of St. Louis city's oldest Irish neighborhoods beginning at 12:30 p.m. south of the Tamm Avenue overpass at Oakland Boulevard. The route travels south on Tamm Avenue, past historic St. James the Greater Catholic Church, and ends at Manchester Road.  This is a great parade, and parking is a premium - so get there early or wear your walking shoes.It has been announced that this year no outside alcohol will be allowed in the parade area. All coolers entering the checkpoints will be searched and any parade watchers trying to enter the checkpoints with alcohol will be turned away. In the interest of...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for condos and lofts in the city of St Louis (Areas 1,2,3).  These statistics were gathered from the local multiple listing service of which I am a subscriber:There were 35 new Active listings, with List prices ranging from $82,400 to $557,000.9 listings went under contract, with List prices ranging from $140,000 to $878,000.11 listings moved closer to closing (Pending), with List prices ranging from $84,900 to $320,000.8 listings Sold, with Sold prices ranging from $87,500 to $340,000.10 listings expired from the market, with List prices ranging from $99,700 to $399,900.And, finally, 9 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $54,900 to $649,900.Wishing everyone a happy St Pat's day!http://www.timtanzhomes.com 
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Following is the weekly market report for single family homes in the city of St Louis (Areas 1,2,3).  These statistics were gathered from the local multiple listing service, of which I am a subscriber:There were 117 new active listings, with List prices ranging from $24,900 to $925,000.27 listings went under contract (Contingent/Option), with List prices ranging from $81,900 to $258,300.56 listings moved closer to closing (Pending), with List prices ranging from $9,900 to $2,200,000.37 listings Sold, with Sold prices ranging from $6,500 to $585,000.61 listings Expired from the market, with List prices ranging from $17,000 to $1,399,000.And, finally, 16 listings went Inactive (Cancelled/Withdrawn) from the market, with List prices ranging from $44,900 to $264,900.Wishing everyone a happy...
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