What Is My St. Charles Home Worth? Home Sales in St. Charles 63303

 

August 2022 Update  (Year-to-Date)

This report is for single family homes ONLY and NOT condos or new construction.  It’s covering zip code 63303 only.  This report is informational and for the best advice for you as an area home buyer or seller, please contact me for a specific review of your needs.

All data is derived from the St. Louis Multiple Listing System (MLS) as of August 15, 2022.  If any property traded hands without a Realtor® involved, it won’t be reflected in this report.  All data is for the 63303 zip code only.  Percentages reflect increases or decreases from the same period of 2021.

The 63303 zip code offers a diversity of living choices, with a focus on affordable housing.  Much of the zip code area is easily reached by I-70 and Highway 94.

St. Charles 63303 Single Family Home Category Data Summary

Homes Sold:                   277  (2 Bank/Govt. Forecl.)   DOWN:      9.2%

Average Price:                 $354,961                      UP:            11.0%

Days on Mkt. Avg:           13                                 DOWN:       7.1%

Avg. Price Per SqFt:         $192.86                        UP:            11.1%

Avg. Sales/List %:            105.71%                      DOWN:       3.2%

Most Expensive Home Sold:                  $ 1,100,000

Least Expensive Home Sold:                  $      32,000

Number of Homes Currently For Sale:             23

                

What can we determine from the latest statistics?

While sales volume may have dropped from the previous year; that is due solely to the lack of inventory of homes available for sale.

-          Days on Market is very doable.

-          Distressed properties (foreclosures) have minimal impact at this point.  Less impact means better pricing for the rest of the market.

-         Sales prices increased along with the average price per square foot.  

-       There is an extreme shortage of homes currently for sale in the St. Charles 63303 zip code area.  Our company has a massive list of buyers just waiting to make offers on homes in 63303.

 

What does this mean to you as a St. Charles 63303 single family home owner?

Home sale prices are rising and homes are selling quickly.  The equity in your home is also rising.  It’s still crucial to price right and prep your home, if you’re considering making a move.  (Don’t forget…there is a lot of new construction competition.)

For an evaluation of your specific home’s marketability, please contact us.

What does this mean to you as a potential St. Charles 63303 home buyer?

If you find a home that suits you, you cannot delay acting in putting in an offer to buy the property or you may miss out on your opportunity.  That’s why it is beneficial for you to work with us to not only assist in finding available properties, but to provide every advantage to help your offer get accepted.

St. Charles County still continues to be a VERY affordable place to buy a home.  There is some new construction available and we can help you get the best deal.  The builder will NOT cut you a price break for showing up unrepresented and using our services will NOT cost you a thing!

Contact us with any of your real estate questions, including what your home’s value is in today’s real estates, what it could sell for, and how quickly it could sell.

JUDY WROZIER

Realtor® - ABR®, SFR®

(314) 348-4033

 

CLICK HERE to search Homes For Sale 

Buyers A Home Seller Should Avoid

Once you have your home up for sale, it's helpful to know the type of buyers you're dealing with.  Essentially, buyers fall into one of three categories:

1.    Buyers searching for a dream home.

2.    Buyers looking for a great home at a fair price.

3.    Buyers scouring for the next bargain.

"Dream" home shoppers will most likely be willing to pay full price if they find a property they want.  "Great" home searchers probably aren't going to pay full price, but will be more likely to negotiate.  "Bargain" hunters thrive on finding the best price and may be looking for a fixer-upper.

If your home is well-kept and priced correctly, you probably won't encounter the bargain hunter.  Instead, you may come across three types of buyers among "dream" home and "great" home shoppers that aren't going to serve your bottom line.  These are the buyers you may want to avoid.

1.    Zero Percent Down Buyer

        As you and your Realtor know, it's smart to use recent comparable sales to help determine the market value of your home.  However, there are times when the market value is higher than the bank's appraised value.  Adding a buyer putting no money down to that scenario increases the chances they won't qualify for a loan.  In the end, you will have taken your home off the market and missed out on the opportunity to entice a stronger buyer, only to end up having to put your home back on the market.

2.    The Bully Buyer

        Nobody likes a bully and you're not going to like this type of buyer either.  The bully buyer will inundate you with a list of things that are wrong with the house -- all while presenting an offer.  Also, with this type of buyer, you can expect the inspection process to be a nightmare.  If you detect a bully, move on.  The bully approach is a prelude to endless negotiations with their trying to obtain concessions by nitpicking every aspect of the transaction.

3.    The Sight-Unseen Buyer

        It's not unheard of to get an offer from someone who has only seen photos of your house.  Beware that this type of buyer may have a trick up his/her sleeve.  Most home buyers will not purchase a house without seeing it.  Instead, this buyer might want your house off the market so they can make a decision later.