St. Charles County Real Estate Market Report First Half 2017

Like any market, the real estate market has peaks and valleys. Understanding the current real estate market trends will make you a better-informed homebuyer, seller or investor.  Here are the St. Charles County, Missouri real estate market statistics that you need to know from the first half of 2017.

Number of Homes for Sale

As this chart shows, the most number of active real estate listings occurs in late spring and early summer. In 2017, the number of homes listed for sale in January was 1050, while currently there are about 1485 homes listed for sale in the St. Charles County area of Missouri. But when you compare the number of homes for sale in the first half of the year to the two previous years, you can see that 2017 has fewer homes on the market. These conditions point to a sellers market, where there are a similar number of homebuyers looking for homes and a smaller number of homes listed for sale.

Average Sales Price

Due to a similar number of homebuyers and fewer home sellers, the average sales price of a residential property in St. Charles County, Missouri has increased. So far, every month of 2017 has seen increases in residential real estate sale prices compared to the previous two years. If you’ve been thinking about listing a residential property for sale, now is a great time.

[See: How to Survive a Competitive Sellers Market]

Percentage of Original Price Received for a Residential Property

While sellers like to get the most money they can for their property, buyers want to pay the least they can for a home. Through the negotiation process the price received for residential real estate is often a little less than the original price for which the property was listed. The first half of 2017 shows that with more competition for residential properties, sellers are netting more money for their homes.

Days On Market

Another indicator of a sellers market is a decreasing number of days a home listed for sale is on the market.  The first half of 2017 is currently outpacing the first half of the previous two years with shortest number of days on market. In these conditions there is often more than one buyer looking at and bidding on each home. Homebuyers are sometimes learning this the hard way, when they try to see a home for sale and find out that it already has an accepted contract. 

Homebuyers should be prepared when looking at homes to act quickly when they find a home they like and prepare for possible bidding wars with other buyers. Working with a great buyers agent, like the buyers agents on The Boehmer Team, will increase a homebuyer’s chances of finding a great property for sale before it is sold.

Contact The Boehmer Team for expert home buying or investing assistance. We know the St. Charles County, Missouri real estate market and have information on homes that are not yet listed for sale. Or if you are ready to get the most from a residential home sale in the current market, contact us to help with a smooth home selling experience. 

How to Research St. Louis Area Schools

Buying a home in the St. Louis or St. Charles County area of Missouri is a little more complicated when you have school-aged children. Not only do parents want great schools to provide their children the best education, they want to live in great school districts that tend to have higher home values. So how does one go about researching school districts in Missouri to find the best neighborhood in the St. Louis or St. Charles County area for their family?

1. For Missouri public schools information, go to the source.

A great resource for learning about Missouri area public schools is the Missouri Department of Elementary andSecondary Education. They have a comprehensive website filled with information on districts, assessment tests, accrediting, special education and more.  Use the website to learn about area public schools, view school district boundaries and more

2. See which public schools scored best on Missouri standardized tests.

Originally developed in response to Missouri’s Outstanding Schools Act of 1993, the Missouri Assessment Program (MAP) encompasses several statewide assessments that meet state and federal statutory requirements. MAP Grade-Level Assessments are administered to students in grades 3 through 8 to determine their progress toward the Show-Me Standards/Missouri Learning Standards. The MAP tests give an objective way to see how well students are performing in the four subjects of English and language arts, mathematics, science and social studies.

A great online resource to see school how public schools rank is schooldigger.com. There you can find information on number of students, to teacher ratios, average standard score and more. They have compiled data for elementary schools, middle schools, high schools and school districts for comparison.

3. Learn about the highest performing private schools.

To find which private schools perform the best for their students there are several great resources to review. Niche.com focuses on area neighborhoods and schools. Their site includes lists of the best private schools in the St. Louis and St. Charles County areas. 

Another great website is privateschoolreview.com. This site lets you narrow down your private school choices and compare them to each other on numerous factors including learning programs, student to teacher ratio, dress code, sports offered and more.  Also this site features actual reviews from students and parents about their experiences with the schools. 

[Click to Learn About St. Louis Area Neighborhoods]

4. Visit the school.

After you’ve narrowed your school search, visit your top choices in person to see the facilities and meet the staff. Be sure to contact the school to schedule the tour prior to visiting. Every school and district has different policies and schedules so it’s best to call first.  A visit to the school will allow you to evaluate in person to see if it fits the learning environment you are looking for. 

5. Use the School Search on TheBoehmerTeam.com

Once you’ve learned which school and/or school district is best for your family, you can use this information to search for your next home. Go to TheBoehmerTeam.com and click the School Search button. When the search window appears you can type in any school or school district name to find homes within the boundaries the school services.

If you have further questions about schools or school districts relating to real estate in the St. Louis or St. Charles County area of Missouri, contact The Boehmer Team or visit our SchoolsPage. Our team members know the area and most team members have children that have been through the area schools. Is moving on your mind? Put our inside knowledge to work for you.