2008, The Right Time For Real Estate
Did you know?
In 2007, more than 5,200 homes changed hands in Saint Charles County? The average home took 80 days to sell, an increase of only 12 days from 2006. From 2004-2006, the St. Charles County area experienced record breaking real estate sales activity. This means that the last time St. Charles County saw a ‘normal market’ was in 2002 & 2003. Since then, home sales have increased by 1,109 units and the average sale price has increased $54,825.
Home Values in 2007
Nationally, the median home price decreased by 1.4%. In St. Charles County, prices increased about .1%. Nationally, single family home sales were down 12.8%. In St. Charles County, sales were down about 9.3%. Nationally, new home sales were down 26.4%. In St. Charles County, sales were down about 8.3%.
A “normal” market?
From 2004-2006, the St. Charles County area experienced record breaking real estate sales activity. This means that the last time St. Charles County saw a “normal market” was in 2002-2003. Since then:
- Home sales have increased 1,109 units
- The average sale price has increased $54,825
P>Be sure to visit: www.AngieFetsch.com for information on local real estate.
Angie Fetsch, Prudential Select Properties, O’Fallon/Wentzville office,314-805-9144 (direct)
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