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 

Sell Your Home By Making These Minor Improvements

Appraisal Institute says Lower Your Expectations

I am sharing this article sent to me from "Real Estate Economy Watch".  Please read if you are getting ready to sell your home.

The Appraisal Institute is advising homeowners to choose upgrades instead of major remodeling projects for the greatest potential return on investment.

“In general, simpler, less expensive projects have the best cost-to-value ratio,” said Appraisal Institute President M. Lance Coyle, MAI, SRA. “With the spring home buying season around the corner, homeowners should invest in projects that are most likely to preserve the value of their homes.”

According to Remodeling magazine’s most recent Cost vs. Value report, only five projects saw their cost-to-value ratios rise in 2014: roofing replacement, garage door replacement, 20-gauge steel entry door replacement, vinyl siding replacement and fiberglass entry door replacement. Among projects with the biggest declines were two-story additions, composite deck additions, master suite and kitchen remodels.

Other minor projects with potential major payoffs, said the Cost vs. Value report, are mid-range and upscale garage door replacements, manufactured stone veneer, mid-range window replacements and minor kitchen remodels.

Before calling a contractor or heading for the home improvement store, however, Coyle advised keeping the improvement is in keeping within community norms.  “It’s possible that consumers won’t be able to recoup the cost of the upgrade when the home is sold, so it’s important to meet, not exceed, what’s standard for the neighborhood, and to also consider expected length of time in the property,” Coyle said.

He also said that making routine home repairs is essential to maintaining a home’s value. A house that has been well maintained likely will have a higher value than a similar house that is in disrepair, Coyle said. For example, replacing worn out trim boards may in certain situations not add any additional value to the home, other than to preserve the value that would be likely as evidenced by sales of similar homes in the area that do not have worn-out trim boards.

When you're ready to sell your home, call JUDY at (314) 348-4033.  Visit website at:

Buy-Sell-StCharles.com