Tyler Olsen
4700 Hampton Avenue St. Louis, MO 63109 Each Office Independently Owned and Operated
REALTOR®
Tower Grove East
314-616-8100
TOlsen@tylershomes.com www.TylersHomes.com www.HomesInTowerGroveEast.com
Real Estate Market Report | February 2018
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.847.8631 | ©2018
See all recent sales at www.HomesInTowerGroveEast.com
HOME SALE PRICES WERE UP AN AVERAGE OF
$26,626 FOR 2017! Tower Grove East 2017 Year-End Review
$
Average Sold Price
2017 AVERAGE: $276,670
2017 AVERAGE: $115
Low: $156,000 • High: $575,000
Low: $85 • High: $161
2016 AVERAGE: $250,044 Low: $150,000 • High: $442,500
Average Price per Square Foot
2016 AVERAGE: $108 Low: $56 • High: $159
2017
Number of Homes Sold
Average Days on Market
Avg. Sold Price/ List Price Ratio
Months of Available Inventory
62
30
98.6%
2.3
9 FEWER HOMES SOLD THAN 2016
LOW: 0 / HIGH: 310 4 DAYS FASTER THAN 2016
LOW: 92.4% / HIGH: 103.2% 0.4% HIGHER THAN 2016
HOMES LISTED IN 2017: 69 HOMES STILL AVAILABLE: 12
Future Friends and Neighbors, Tower Grove East saw beneficial changes in its housing market in 2017. If you have considered selling, now is the time to get a great return on your investment! Call me today at 314-616-8100 to find out how I will help you maximize your home’s selling potential! Reflects data from the MARIS MLS from January 1st through December 31st, 2016 and 2017 for homes valued at $150K and above. Deemed accurate but not guaranteed.
Presented by
Tyler
O L S E N
N
r a e Y w e
Prepared Especially for Future Friends and Neighbors
Do We List at the start of 2018 or Hold Off Until Spring?
Tyler Olsen REALTOR®
RE/MAX Results
Top 1% Selling Agent Nationally and Locally
314-616-8100 TOlsen@tylershomes.com www.TylersHomes.com www.HomesInTowerGroveEast.com
Specializing in the Historic Neighborhood for over 25 Years
Two-story Victorian Townhome in Tower Grove East
Real estate sales during the winter season have seen an upswing in recent years. Research indicates this trend is due to holiday gatherings offering families the opportunity to discuss future needs without the interference of hectic work and daily schedules.
Worried about Missing the Spring Market? No one can predict the future, though if you wait until everyone else lists their home in the spring, your home may not see the exposure you are expecting, especially if there is lower demand!
WINTER INVENTORY IS LOW!
The Advantage of Listing in Early 2018
Ensure your home receives the most exposure to serious buyers. List today and take advantage of the seller’s market, which can lead to a quicker sale and higher price. Call me today to get started!
Many buyers are out looking for homes in the new year, whether they are re-energizing their search from last year or they made the decision to move during the holiday season. Several companies also relocate their employees around the start of the year, creating an additional demand for homes.
Tower Grove East
R e a l Esta te Ma rke t R e p o rt F or homes valued at $150K and above.
Future Friends and Neighbors, NEW YEAR, NEW HOME VALUES! Call me today at 314-606-8100 or visit www.HomesInTowerGroveEast.com for a free evaluation of your homes new value. T ow er Gr ov e Eas t H om es R ec entl y Li s ted (12 Total Homes Active) Bedrooms
Bathrooms
Estimated Square Feet
List Price
List Date
3140 Halliday Avenue
3
1
N/A
$160,000
01/11/18
Active
2706 Alhambra
4
2
2,420
$205,000
01/10/18
Active
2316 Virginia Avenue
3
2
N/A
$247,900
11/18/17
Active
3154 Halliday Avenue
5
3
2,848
$325,000
12/14/17
Active
3508 McKean Avenue
3
2
2,764
$329,900
11/17/17
Active
3535 Pestalozzi
3
1
N/A
$354,000
11/30/17
Active
3530 Magnolia Avenue
5
4
3,304
$469,900
11/13/17
List Status
Address
Active
UNDER CONTRACT BY TYLER OLSEN! Call me today for more information!
There Are 6 Homes Currently Pending in Tower Grove East
2320 Louisiana Avenue | 3 Beds, 2 Baths | 1,700 Square Feet | Offered at $199,900
For more information on any of these properties, call me today at 314-616-8100.
T ow er Gr ov e Eas t H om es Sol d i n the Pas t 60 D ay s
COMING SOON!
2626 Louisiana Avenue | Call for Details
JUST SOLD FOR 99% OF LIST PRICE!
3229 Shenandoah Avenue | Sold for $273,000
Future Friends and Neighbors, My marketing has achieved exceptional results in your community. If you are thinking of selling, contact me today at 314-616-8100 to have your home featured in my monthly publication.
Status
Address
Sold
3029 Shenandoah Avenue
Bedrooms
Bathrooms
Estimated Square Feet
Sold Price
Sold Date
SP/LP%
DOM
4
1
N/A
$175,000
01/02/18
100%
7
Sold
3315 Humphrey Street
4
3
2,352
$220,704
12/29/17
96%
9
Sold
3454 Humphrey Street
3
1
1,584
$212,500
12/28/17
100%
27
Sold
2906 Louisiana Avenue
3
2
2,124
$189,000
12/14/17
100%
69
Sold
2329 South Compton Avenue
5
2
3,366
$375,000
12/13/17
97%
35
Sold
3229 Shenandoah Avenue
3
3
2,800
$273,000
12/12/17
99%
6
Sold
3504 Wyoming
4
2
2,538
$339,000
12/07/17
100%
4
Sold
3411 Connecticut Street
3
2
1,400
$201,065
11/29/17
101%
16
Sold
2355 S Compton
3
2
2,346
$340,000
11/21/17
97%
25
Sold
2842 Michigan Avenue
3
1
N/A
$187,000
11/20/17
100%
0
Tyler Olsen and RE/MAX Results are not in any way affiliated with Tower Grove East Owners Association, nor is this in any way an official advertisement or publication of Tower Grove East. © 2018 RE/MAX. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to MARIS MLS as of January 17th, 2018. Listings and sales may not be those of RE/MAX Results. The MARIS MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale, nor intended to cause a breach of an existing agency relationship.