Tim Tanz in St. Louis, A Realtor's View

People I'm Grateful to Have in My Life - Thanksgiving 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Wed, 25 Nov 2009 09:35:20 -0600

Wishing Everyone a Wonderful Thanksgiving Holiday!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

Affiliations: Member St Louis Association of Realtors (SLAR), Member Missouri Association of Realtors (MAR), Member National Association of Realtors (NAR), Member Real Estate Buyer's Agent Council (REBAC), Member Council of Residential Specialists (CRS).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

St. Louis City and St. Louis County Residential Real Estate, Homes, Condos, Lofts & Townhomes. St. Louis City Neighborhoods: Benton Park, Benton Park West, Bevo Mill, Botanical Heights, St. Vincent Park, Carondelet, Central West End, Clifton Heights, Columbus Square, Compton Heights, Downtown, Dutchtown, Forest Park Southeast, Fox Park, The Gate District, Gravois Park, The Hill, Holly Hills, Lafayette Park, Lasalle, Lindenwood Park, Northampton, Shaw, Skinker/DeBaliviere, Soulard, Southwest Garden, St. Louis Hills, Tower Grove South, Tower Grove East, South City, Wyndown/Skinker. St. Louis County Communities: Affton, Shrewsbury, Webster Groves, Maplewood, Richmond Heights, Brentwood, Clayton, University City, Bayless, Hancock Place, Lindbergh, Mehlville, Kirkwood, Ladue, Ritenour, Parkway North, Parkway Central, Parkway West, Parkway South, Valley Park, Rockwood Summit, Marquette, Eureka, Lafayette, Crestwood, Sunset Hills, Fenton, Des Peres, Town & Country, Manchester, Ballwin, Ellisville, Chesterfield, Wildwood, Creve Couer, Olivette, Maryland Heights.

St Louis Pic of the Day - November 24, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Tue, 24 Nov 2009 08:38:17 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

St Louis Pic of the Day - November 12, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Thu, 12 Nov 2009 08:52:03 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

St Louis Pic of the Day - November 11, 2009 - Veteran's Day

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Wed, 11 Nov 2009 08:39:40 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

Weekly Multi-Family Market Report - City of St Louis - November 7, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Tue, 10 Nov 2009 20:26:00 -0600

Following is my market report for Multi-Family Dwellings (2-4 Families) in the city of St Louis (Areas 1,2,3,4,5). These statistics were gathered from the local Multiple Listing Service and are provided as a service to the public:

There were 459 Total Active Listings on the market.

53 listings Sold in the last 30 days.

Average sales price was $68,157.

Highest sales price in the last 30 days was $230,000.

86 was the average days on market (DOM).

There were 27 new Active listings, with list prices ranging from $8,900 to $399,500.

7 listings went Under Contract (Contingent/Option), with list prices ranging from $9,900 to $189,900.

14 listings moved closer to closing (Pending), with List prices ranging from $9,900 to $225,000.

12 listings Sold, with Sold prices ranging from $4,750 to $120,000.

28 listings Expired from the market, with List prices ranging from $4,900 to $350,000.

And 12 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $13,900 to $269,900.

For the 12 listings that Sold, 25% were on the market for 30 days or less, and 50% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 94.2%. For the 120+ day category, the average sales price to list price ratio was 61.6%. That goes to show homes priced correctly will sell quicker and closer to list price.

The Pending Ratio was 3.1%. This is the Pendings divided by the Actives (14/459). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 8.67. This is the active homes on the market divided by the number of homes sold in the last 30 days (459/53). This tells us how many months of inventory we have on the market.\

http://www.timtanzhomes.com

Weekly Condo/Loft Market Report - City of St Louis - November 7, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Tue, 10 Nov 2009 20:17:28 -0600

Following is my market report for Condo/Lofts in the city of St Louis (Areas 1,2,3,4,5). These statistics were gathered from the local Multiple Listing Service and are provided as a service to the public:

There were 529 Total Active Listings on the market.

53 listings Sold in the last 30 days.

Average sales price was $174,338.

Maximum sales price was $520,000.

161 was the average days on market (DOM).

There were 17 new Active listings, with list prices ranging from $60,000 to $679,000.

8 listings went Under Contract (Contingent/Option), with list prices ranging from $72,000 to $289,000.

10 listings moved closer to closing (Pending), with List prices ranging from $15,900 to $359,900.

7 listings Sold, with Sold prices ranging from $55,500 to $167,000.

43 listings Expired from the market, with List prices ranging from $79,000 to $1,785,000.

And 13 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $145,000 to $729,000.

The Pending Ratio was 1.9%. This is the Pendings divided by the Actives (10/529). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 9.98. This is the active homes on the market divided by the number of homes sold in the last 30 days (529/53). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 7 listings that Sold, 14.3% were on the market for 31-60 days, and 57.1% were on the market for 120+ days. For the 30-60 day or less category, the average sales price to list price ratio was 95.5%. For the 120+ day category, the average sales price to list price ratio was 90.7%. That goes to show homes priced correctly will sell quicker and closer to list

Weekly Single Family Home Market Report - City of St Louis - November 11, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Tue, 10 Nov 2009 20:09:15 -0600

Following is my market report for Residential Single Family Homes in the city of St Louis (Areas 1,2,3,4,5). These statistics were gathered from the local Multiple Listing Service and are provided as a service to the public:

There were 1438 Total Active Listings on the market.

278 listings Sold in the last 30 days.

Average sales price was $121,708.

Maximum Sales Price in the last 30 days was $525,000.

76 was the average days on market (DOM).

There were 84 new Active listings, with list prices ranging from $5,500 to $2,225,000.

23 listings went Under Contract (Contingent/Option), with list prices ranging from $16,000 to $565,000.

57 listings moved closer to closing (Pending), with List prices ranging from $5,742 to $520,000.

71 listings Sold, with Sold prices ranging from $5,000 to $480,000.

87 listings Expired from the market, with List prices ranging from $8,500 to $1,999,999.

And 32 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $15,000 to $2,375,000.

The Pending Ratio was 4.0%. This is the Pendings divided by the Actives (57/1438). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 5.17. This is the active homes on the market divided by the number of homes sold in the last 30 days (1438/278). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 71 Sold listings, 38% were on the market 0-30 days, and 19.7% were on the market for 120+ days. For the 0-30 day category, the average sales price to list price ratio was 97.6%. For the 120+ day category, the average sales price to list price ratio was 81.7%. That goes to show homes that are listed correctly sell for more money in a shorter amount of time.

http://www.timtanzhomes.com

St Louis Pic of the Day - November 10, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Tue, 10 Nov 2009 08:04:32 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

Today in St Louis - November 9, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Mon, 09 Nov 2009 22:37:37 -0600

Went down home yesterday to Mom & Dad's house in Perryville. It was such a warm day (close to 70), that I wanted to just drive around and see the country and take some pictures. (Wouldn't you know it; I forgot to charge my camera, and after several pics, it went dead). We drove Mom & Dad down to Grandpa's farm outside of Uniontown. I haven't been down there for a year. Everything is falling down on the farm. Tin is missing from the roof of the house and windows have broken out. Boards are falling off the barn. There are so many trees down from the storm earlier this year. The chicken house is falling in, and the smoke house has completely collapsed. It's sad to see it look that way, but since Grandpa died last year, there's no reason to try to keep it up. I didn't even want to go inside the house. I'm afraid of how it looks on the inside.

Mom & Dad are going to kill me for including this pic. I wanted them to sit on this rock in the woods pasture so I could take their picture. I snapped this one, and then my camera battery went dead. After making them crawl up onto that rock, I couldn't even get a decent pic.

Then we drove by our old house - the homeplace - in Uniontown. It certainly doesn't look the way it did when Mom & Dad lived there, and the neighboring places are really grown up. The town looks really old and depressed.

On the way back to Perryville, we decided to drive back to Crosstown to see how they were rebuilding after the tornado. Then we drove to Menfro (there's nothing there anymore), through Farrar, Brazeau, and back through Frohna. We stopped by the Saxon Lutheran Memorial - that place is amazing (http://www.saxonlutheranmemorial.com/), before heading back to Perryville. We had dinner with Mom & Dad, and then came home to St Louis. It was a memorable day with Mom & Dad.

http://www.timtanzhomes.com

St Louis Pic of the Day - November 9, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Mon, 09 Nov 2009 08:36:47 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

St Louis Pic of the Day - November 8, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 08 Nov 2009 08:57:42 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

St Louis Pic of the Day - November 7, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sat, 07 Nov 2009 08:54:31 -0600

Have a great day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

Great News! President Signs Bill to Extend Homebuyer Tax Credit!

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Fri, 06 Nov 2009 17:35:42 -0600

Citing the rebound of the housing market as one of the factors contributing to the growth of the economy last year, President Obama today signed his approval of the bill extending and expanding the homebuyer tax credit.

The credit was originally set to expire at the end of November, but has now been extended to buyers who sign a contract by April 30, 2010 and close by June 30.

The credit amount for first time home buyers is 10% of the homes purchase price to a maximum of $8,000. Other buyers, who have owned their homes for the past five years, can purchase a new residenct (owner-occupied) and receive a credit up to $6,500. This credit will begin on December 1, 2009.

Income limits for buyers has also been increased. Income limits for individuals is now $125,000 and $225,000 for couples. Before, it was $75,000 for single people, and for couples it was $150,000.

Buyers who sell the home or stop using at as their principal residence within 3 years will be require to pay back the credit.

The bill pass unanimously in the Senate this week and passed the House with a vote of 403 to 12.

For more information, please visit: http://www.dsnews.com/articles/president-obama-signs-bill-expanding-homebuyer-tax-credit-2009-11-06

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

St Louis Pic of the Day - November 6, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Fri, 06 Nov 2009 09:06:36 -0600

Have a Great Day!

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

Halloween 2009 in St Louis

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Thu, 05 Nov 2009 10:55:32 -0600

Halloween was slow for us this year. I don't know if it was because the holiday fell on the weekend, and parents had their children at Halloween parties instead of out trick-or-treating. Last year we had close to 300 kids come to the house. The weather was beautiful Saturday evening, but we didn't even have 100 kids show up.

Following are pics of our home in St Louis decorated for Halloween. I hope you enjoy:

http://www.timtanzhomes.com

I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997.

I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).

All personal pictures are copyrighted by Tim Tanz, and may not be reproduced without his permission.

Another St Louis Short Sale Closed - Happy Client!

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Mon, 02 Nov 2009 23:32:24 -0600

I just recently closed another short sale in the St Louis area. This one was with Ocwen. I began working on this file on May 6, 2009, and we closed with the new buyer on September 4, 2009 - so about four months. The people with whom I dealt were in India, and the hold times (phone) were horrible. One day I was on hold for four hours before I was able to speak to someone, and then I couldn't understand half of what they were saying. They would not send someone out to do the BPO (Broker Price Opinion, but made me do it for them - quite a process since I am not an appraiser. It worked out in my favor though, as I used lower end comps and they accepted it... Another thing I learned with Ocwen is that they would not extend the foreclosure sale date for this home, so we really had to scramble to get this one closed in time.

Following is the testimonial provided by my seller client. He was quite relieved to not have the foreclosure on his credit report, and Ocwen gave him a full release from the loan, and the release has already been recorded!

http://www.timtanzhomes.com

New Listing in St Louis - 5454 Cologne Ave (63116)

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Mon, 02 Nov 2009 22:46:46 -0600

I've recently listed 5454 Cologne Ave, St Louis, MO 63116. MLS# 90055723. Offered at $120,000. 1100 square feet with two bedrooms.

The website for this immaculate and updated home is: http://www.5454CologneAve.com

The covered front porch leads one into the spacious entry foyer with closet & wood (pine) floor. Arched doorways & a brick fireplace add character to the living room & the dining room is bright & inviting. The other rooms flow from the central vestibule highlighted by an original butlers pantry & tile floor. Both bedrooms are carpeted & the bath features ceramic tile tub surround, walls & floor. The kichen is gorgeous with custom cabinetry, tile floor, modern appliances & lighting. An adjoining pantry makes storage a breeze. The 3-season room leads to the large, fenced yard & 1 car garage with opener. The walk-out basement is clean with an abundance of large windows.

Other features include updated electric, plumbing (water line to street in 06), newer insulated windows & storm doors.

The seller is also providing a HSA Home Warranty ($439) at closing.

All appliances are included in sale. Washer and dryer are sold "as-is".

With large rooms & a great floorplan, this is one home you don't want to miss!

To view a virtual media presentation, please visit: http://www.thelistingwidget.com/view.cfm?tourID=3209

http://www.timtanzhomes.com

Weekly Multi-Family Market Report - City of St Louis - October 31, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 22:28:26 -0600

There were 469 Total Active Listings on the market.

53 listings Sold in the last 30 days.

Average sales price was $74,652.

Highest sales price in the last 30 days was $230,000.

86 was the average days on market (DOM).

There were 37 new Active listings, with list prices ranging from $7,500 to $449,000.

0 listings went Under Contract (Contingent/Option). This is a first for me since I have been keeping track!

11 listings moved closer to closing (Pending), with List prices ranging from $5,900 to $125,000.

16 listings Sold, with Sold prices ranging from $9,000 to $230,000.

18 listings Expired from the market, with List prices ranging from $17,500 to $224,900.

And 5 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $49,900 to $259,000.

For the 16 listings that Sold, 56.2% were on the market for 30 days or less, and 18.8% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 96.3%. For the 120+ day category, the average sales price to list price ratio was 82.7%. That goes to show you that properties priced correctly will sell quicker and for a higher amount!

The Pending Ratio was 2.3%. This is the Pendings divided by the Actives (11/469). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 8.85. This is the active homes on the market divided by the number of homes sold in the last 30 days (469/53). This tells us how many months of inventory we have on the market.

http://www.timtanzhomes.com

Weekly Condo/Loft Market Report - City of St Louis - October 31, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 22:20:15 -0600

There were 546 Total Active Listings on the market.

54 listings Sold in the last 30 days.

Average sales price was $177,914.

Maximum sales price was $520,000.

151 was the average days on market (DOM).

There were 17 new Active listings, with list prices ranging from $1,250 to $409,900.

2 listings went Under Contract (Contingent/Option), with list prices ranging from $174,900 to $217,900.

12 listings moved closer to closing (Pending), with List prices ranging from $45,800 to $314,900.

18 listings Sold, with Sold prices ranging from $65,000 to $420,000.

12 listings Expired from the market, with List prices ranging from $85,900 to $469,900.

And 9 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $61,900 to $335,000.

The Pending Ratio was 2.2%. This is the Pendings divided by the Actives (12/546). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 10.11. This is the active homes on the market divided by the number of homes sold in the last 30 days (546/54). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 18 listings that Sold, 22.2% were on the market for 30 days or less, and 50% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 96.8%. For the 120+ day category, the average sales price to list price ratio was 73.4%. That goes to show homes priced correctly will sell quicker and closer to list

http://www.timtanzhomes.com

Weekly Single Family Home Market Report - City of St Louis - October 31, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 22:13:27 -0600

There were 1470 Total Active Listings on the market.

263 listings Sold in the last 30 days.

Average sales price was $126,542.

Maximum Sales Price in the last 30 days was $740,000.

75 was the average days on market (DOM).

There were 99 new Active listings, with list prices ranging from $7,900 to $865,000.

41 listings went Under Contract (Contingent/Option), with list prices ranging from $7,000 to $524,900.

80 listings moved closer to closing (Pending), with List prices ranging from $4,455 to $524,900.

86 listings Sold, with Sold prices ranging from $9,001 to $525,000.

51 listings Expired from the market, with List prices ranging from $9,995 to $524,000.

And 18 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $35,000 to $379,900.

The Pending Ratio was 5.4%. This is the Pendings divided by the Actives (80/1470). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 5.59. This is the active homes on the market divided by the number of homes sold in the last 30 days (1470/263). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 86 Sold listings, 43% were on the market 0-30 days, and 18.6% were on the market for 120+ days. For the 0-30 day category, the average sales price to list price ratio was 84.5%. For the 120+ day category, the average sales price to list price ratio was 70.3%. That goes to show homes that are listed correctly sell for more money in a shorter amount of time.

http://www.timtanzhomes.com

Weekly Multi-Family Market Report - City of St Louis - October 24, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 21:58:01 -0600

There were 456 Total Active Listings on the market.

53 listings Sold in the last 30 days.

Average sales price was $65,788.

Highest sales price in the last 30 days was $225,000.

81 was the average days on market (DOM).

There were 20 new Active listings, with list prices ranging from $8,500 to $1,300,000.

8 listings went Under Contract (Contingent/Option), with list prices ranging from $13,500 to $224,900.

21 listings moved closer to closing (Pending), with List prices ranging from $4,500 to $234,900.

16 listings Sold, with Sold prices ranging from $5,200 to $174,000.

10 listings Expired from the market, with List prices ranging from $45,000 to $269,900.

And 8 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $49,000 to $350,000.

For the 16 listings that Sold, 18.8% were on the market for 30 days or less, and 37.5% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 103.2%. For the 120+ day category, the average sales price to list price ratio was 65.9%. That goes to show homes priced correctly will sell quicker and closer to list price.

The Pending Ratio was 4.6%. This is the Pendings divided by the Actives (219/456). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 8.60. This is the active homes on the market divided by the number of homes sold in the last 30 days (456/53). This tells us how many months of inventory we have on the market.

http://www.timtanzhomes.com

Weekly Condo/Loft Market Report - City of St Louis - October 24, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 21:50:40 -0600

There were 548 Total Active Listings on the market.

44 listings Sold in the last 30 days.

Average sales price was $172,559.

Maximum sales price was $520,000.

145 was the average days on market (DOM).

There were 11 new Active listings, with list prices ranging from $49,900 to $299,000.

6 listings went Under Contract (Contingent/Option), with list prices ranging from $62,500 to $379,500.

11 listings moved closer to closing (Pending), with List prices ranging from $88,000 to $569,000.

19 listings Sold, with Sold prices ranging from $88,500 to $520,000.

14 listings Expired from the market, with List prices ranging from $55,900 to $439,000.

And 8 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $79,900 to $269,000.

The Pending Ratio was 2.0%. This is the Pendings divided by the Actives (11/548). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 12.45. This is the active homes on the market divided by the number of homes sold in the last 30 days (548/44). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 19 listings that Sold, 5.3% were on the market for 30 days or less, and 52.6% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 87.7%. For the 120+ day category, the average sales price to list price ratio was 78.8%. That goes to show homes priced correctly will sell quicker and closer to list

http://www.timtanzhomes.com

Weekly Single Family Home Market Report - City of St Louis - October 24, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 21:43:33 -0600

There were 1485 Total Active Listings on the market.

257 listings Sold in the last 30 days.

Average sales price was $124,028.

Maximum Sales Price in the last 30 days was $131,516.

75 was the average days on market (DOM).

There were 76 new Active listings, with list prices ranging from $11,000 to $409,900.

36 listings went Under Contract (Contingent/Option), with list prices ranging from $17,500 to $599,000.

68 listings moved closer to closing (Pending), with List prices ranging from $5,500 to $325,000.

58 listings Sold, with Sold prices ranging from $6,000 to $510,000.

32 listings Expired from the market, with List prices ranging from $32,000 to $379,900.

And 23 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $39,900 to $995,000.

The Pending Ratio was 4.6%. This is the Pendings divided by the Actives (68/1485). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 5.78. This is the active homes on the market divided by the number of homes sold in the last 30 days (1485/257). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 58 Sold listings, 41.4% were on the market 0-30 days, and 24.1% were on the market for 120+ days. For the 0-30 day category, the average sales price to list price ratio was 100.2%. For the 120+ day category, the average sales price to list price ratio was 84.1%. That goes to show homes that are listed correctly sell for more money in a shorter amount of time.

http://www.timtanzhomes.com

Weekly Multi-Family Market Report - City of St Louis - October 17, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 21:34:06 -0600

There were 460 Total Active Listings on the market.

48 listings Sold in the last 30 days.

Average sales price was $63,153.

Highest sales price in the last 30 days was $225,000.

61 was the average days on market (DOM).

There were 28 new Active listings, with list prices ranging from $34,500 to $1,300,000.

7 listings went Under Contract (Contingent/Option), with list prices ranging from $4,500 to $350,000.

19 listings moved closer to closing (Pending), with List prices ranging from $11,500 to $215,000.

9 listings Sold, with Sold prices ranging from $6,000 to $140,000.

8 listings Expired from the market, with List prices ranging from $10,000 to $147,900.

And 8 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $75,000 to $1,300,000.

For the 9 listings that Sold, 55.6% were on the market for 30 days or less, and 11.1% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 99.1%. For the 120+ day category, the average sales price to list price ratio was 40.7%. That goes to show homes priced correctly will sell quicker and closer to list price.

The Pending Ratio was 4.1%. This is the Pendings divided by the Actives (19/460). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 9.58. This is the active homes on the market divided by the number of homes sold in the last 30 days (460/48). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

http://www.timtanzhomes.com

Weekly Condo/Loft Market Report - City of St Louis - October 17, 2009

Tim Tanz, St Louis Real Estate (Keller Wiliams Realty) — Sun, 01 Nov 2009 21:24:49 -0600

There were 556 Total Active Listings on the market.

33 listings Sold in the last 30 days.

Average sales price was $169,656.

Maximum sales price was $309,000.

133 was the average days on market (DOM).

There were 26 new Active listings, with list prices ranging from $2,000 to $569,000.

8 listings went Under Contract (Contingent/Option), with list prices ranging from $144,700 to $394,900.

10 listings moved closer to closing (Pending), with List prices ranging from $61,900 to $299,900.

6 listings Sold, with Sold prices ranging from $15,000 to $270,000.

12 listings Expired from the market, with List prices ranging from $131,900 to $595,900.

And 4 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $139,900 to $425,000.

The Pending Ratio was 1.8%. This is the Pendings divided by the Actives (10/556). This is the number of properties going under contract compared to the number of active properties on the market.

The Absorbtion Rate was 16.85. This is the active homes on the market divided by the number of homes sold in the last 30 days (556/33). This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market.

For the 6 listings that Sold, 16.7% were on the market for 30 days or less, and 33.3% were on the market for 120+ days. For the 30 day or less category, the average sales price to list price ratio was 91.5%. For the 120+ day category, the average sales price to list price ratio was 83.5%. That goes to show homes priced correctly will sell quicker and closer to list price.

http://www.timtanzhomes.com