Saint Louis MO Real Estate Today

Press Release: The Kelsey Group, REALTORS Offers Job Loss Protection to St. Louis Homebuyers #stl

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The Kelsey Group, REALTORS^® Kelsey Group, REALTORS Website the leading independent real estate company in Ballwin, MO., announced today it has the implementation of the HELP Program including 24 month job loss protection program for Saint Louis MO home buyers. This program becomes available by becoming part of the Creative Alliances, LLC (Enhanced Marketing) group.

CEO/Team Leader Stephanie Combs noted that “as Real Estate professionals it is our responsibility to provide our customers and clients with every opportunity for a financially stable home life for their family and loved ones. More than any other organization, The Kelsey Group, REALTORS^® understands that in these uncharted economic times, we need to do more and let our clients know we understand their circumstances.”

The Kelsey Group, REALTORS^® is proud to be one of the first real estate companies to offer the HELP Program with 24 Month Job Loss Protection to help buyers (via home sellers) make real estate decisions with a greater degree of confidence.  “This program will be the difference many St. Louis area consumers are looking for to proceed with their real estate plans” according to Combs.

Many potential homebuyers are concerned about what might happen if they were to lose their job. The Kelsey

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Group, REALTORS^®’ new Job Loss Protection program, part of the service called HELP (Homeowner Education and Loan Protection) from the Rainy Day Foundation, will help to ease the worry. It’s provided by the seller.

The Job Loss Protection portion of HELP will assist buyers who purchase a The Kelsey Group, REALTOR S^® listings as well as Buyers who are working with The Kelsey Group, REALTORS^® agents covered by Job Loss Protection in the event of an involuntary job loss within the first 24 months of the loan. The program covers mortgage payments up to $1,800 per month for up to 6 months. HELP also offers six months of phone counseling and monthly educational e-newsletters. Job Loss Protection is an important and timely service that gives St. Louis Metro area sellers a way to differentiate their property and provides buyers the confidence to purchase.

Please see a “HELP certified” The Kelsey Group, REALTORS^® agent for additional details or call the firm’s 24Hour Consumer HELP Program Hotline (866) 993-5661 x 957 for buyers or sellers who are interested in further details.

The Kelsey Group, REALTORS® is the leading independent real estate company in the St. Louis market with 67 sales agents.  Sales volume for the firm was in excess of $78 Million Dollars and more than 300 sold units for the calendar year 2008.  The Kelsey Group, REALTORS® recently announced its acquisition by Cottrell Realty Group, led by Kevin Cottrell and Stephanie Combs.  

Download Complete Press Release Here Kelsey Group, REALTORS Offers Home Buyer Job Loss Coverage Program

Download Complete Copy of the Help Program Flyer Here HELP Program Description and Flyer - For St. Louis MO Home Buyer Job Loss Assistance

Podcast - Realtyminute.com - St. Louis MO Real Estate Market Statistics

The latest Podcast is now available online:

St. Louis Market Overview Real Estate Podcast

"Kevin Cottrell's understanding of the real estate market in St. Louis is second to none.  Any party interested in finding out what's really going on would be well suited to listen to his analysis and advice."

          - Greg Abel, Broker/Owner - Avenue Real Estate Group

During this weeks session- Greg Abel and Kevin Cottrell review current market trends as well as a general economic discussion and review of current press coverage of the real estate market nationally and how it compares to the Saint Louis marketplace.

Discussion centers around the key market indicators including pending sales, active inventory and how the current market conditions for St. Louis MO Real Estate Market combined with an artificial deadline of November 30th for the $8K first time home buyer credit may prove to be the 'perfect storm' in reverse causing much angst for home buyers in the next 100 days.

Again, the Podcast can be accessed via the following link.

Webster Groves Duplex

Webster Groves Duplex

3+1 and 2+1 Townhouse Style Units

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437-439 California

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Take a look at this fantastic Webster Groves Duplex! It includes 2 townhouses, one with 2 bedrooms & the other with 3. Gorgeous Hardwood flooring flows though the main living spaces & all of the bedrooms. There is a fireplace in the living room & the updated kitchen includes dishwasher, stove, refrigerator, built-in microwave & butler's pantry. Both units have separate entrances both in the front & back. A long private driveway leads to the detached 2-car garage & partially fenced yard with patio. Set an Appointment to view this one Today!

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For up to the minute pricing and availability please call 

Our 24 Hour Toll-Free Recorded Home Hotline at:

1-866-476-1059, Home ID# 7312 CLICK HERE to view a visual tour of this home

HAVE QUESTIONS? WANT TO TOUR THIS HOME? Team Phone: (314) 779-3690 Website: Cottrell Realty Group Avenue Real Estate Group For more information about this property, or any of our other featured properties, please visit our Saint Louis MO Real Estate website for more information.

 

Latest Podcast -

The latest Podcast is now available online:

St. Louis Market Overview Real Estate Podcast

"Kevin Cottrell's understanding of the real estate market in St. Louis is second to none.  Any party interested in finding out what's really going on would be well suited to listen to his analysis and advice."

          - Greg Abel, Broker/Owner - Avenue Real Estate Group

During this weeks session- Greg Abel, Kevin Cottrell and Russ Miller review current market trends as well as a general economic discussion and review of current press coverage of the real estate market nationally and how it compares to the Saint Louis marketplace.

Discussion centers around the key market indicators including pending sales, active inventory and how they effect the key market players including Sellers, Buyers, Real Estate Brokers/Offices and agents.  Interesting discussion about how some price ranges are turning to a sellers market with low inventory levels and activity reminiscent of the 2003-2004 market.

Again, the Podcast can be accessed via the following link.

Impressive 4 Bedroom Webster Home

Impressive Inside & Out

Recently Constructed, Charming 4 Bedroom 2.5 Bath

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328 Greeley, Webster Groves

 

 

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This recently constructed home features 4 bedrooms & 2.5 baths offering ample space for everyone to stretch out & relax. Impressive from the curb & equally so inside. The charming covered porch welcomes you into the tall 2-story entry foyer with high sunny windows. The large living room has a toasty warm fireplace. There is a formal dining room ideal for entertaining family & friends. The inviting kitchen & breakfast room will become a central gathering space for you & your family to share their day's events over less formal meals. You'll be certain to enjoy the ample custom 42in cabinetry, breakfast bar & sliding glass doors to the back patio & fenced-in yard. Retire in style to the huge master suite with a soaring cathedral ceiling & inviting master bath. Enjoy the convenience of the main floor laundry & 2-car oversized side entry garage.

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For up to the minute pricing and availability please call

The 24 Hour Toll-Free Recorded Home Hotline at:

1-866-476-1059, Home ID# 7270 HAVE QUESTIONS? WANT TO TOUR THIS HOME? Team Phone: (314) 779-3690 Website: Cottrell Realty Group Avenue Real Estate Group

For more information about this property, or any of our other featured properties, please visit our Saint Louis MO Real Estate website for more information.

Latest Podcast Live - Economic Pearl Harbor & St. Louis MO Real Estate Market Review #stlouis

The latest Podcast is now available online:

St. Louis Market Overview Real Estate Podcast

"Kevin Cottrell's understanding of the real estate market in St. Louis is second to none.  Any party interested in finding out what's really going on would be well suited to listen to his analysis and advice."

          - Greg Abel, Broker/Owner - Avenue Real Estate Group

During this weeks session- Greg Abel, Kevin Cottrell and Russ Miller review current market trends as well as a general economic discussion and recap of Warren Buffett's position on what needs to be done by Congress and the Obama Administation to turn around the "Economic Pearl Harbor" that the US is facing.

Discussion centers around the key market indicators including pending sales, active inventory and how they effect the key market players including Sellers, Buyers, Real Estate Brokers/Offices and agents.

Again, the Podcast can be accessed via the following link.

 

Impressive Webster 2 Story

Simply Gorgeous

Impressive 2 Story Webster Groves Residence

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943 Newport

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Impressive 4 bedroom 2.5 bath 2-story residence in sought after Webster Groves. The long covered front porch has stair access on either side & invites you to step into the gorgeous formal entry foyer. 9ft ceilings & hardwood flooring continue through most of the main floor offering a cohesive flow to the floorplan. A sunny bay window complements the family room. There is a nice-sized formal dining room that leads to the kitchen & sun-filled breakfast room. You'll enjoy the 2 walk-outs, including sliding glass doors from the breakfast room, that grant access to the huge elevated deck with built-in hot tub. The spacious master suite has a long walk-in closet & a luxurious master bath with marble flooring & sunken corner tub. With 4 total bedrooms everyone will be certain to have their own space to stretch out & relax. Finished walk-out lower level with recreation room & private office. The detached garage & additional off street parking make coming home a breeze. Set an Appointment Today!

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For up to the minute pricing and availability please call

The 24 Hour Toll-Free Recorded Home Hotline at:

1-866-476-1059, Home ID# 7173 Click Here to See a Virtual Tour of this Home HAVE QUESTIONS? WANT TO TOUR THIS HOME? Team Phone: (314) 779-3690 Website: Cottrell Realty Group Avenue Real Estate Group

For more information about this property, or any of our other featured properties, please visit our Saint Louis MO Real Estate website for more information.

Latest Podcast - Review of MLS and Market Statistics for St. Louis MO Real Estate Market

 The latest Podcast is now available online:

St. Louis Market Overview Real Estate Podcast

"Kevin Cottrell's understanding of the real estate market in St. Louis is second to none.  Any party interested in finding out what's really going on would be well suited to listen to his analysis and advice."

          - Greg Abel, Broker/Owner - Avenue Real Estate Group

During this weeks session- Greg Abel, Kevin Cottrell and Russ Miller review the latest MLS data and market statistics for the St. Louis Metro market.  Discussion centers around the key market indicators including pending sales, active inventory and how they effect the key market players including Sellers, Buyers, Real Estate Brokers/Offices and agents.

Again, the Podcast can be accessed via the following link.

 

Latest Podcast is live - NAR Pending Housing Index! #stlouis

NAR (National Association of Realtors) says pending activity plunged in January nationally - find out what this means to the Saint Louis MO real estate market.  The latest Podcast is now available online:

St. Louis Market Overview Real Estate Podcast

"Kevin Cottrell's understanding of the real estate market in St. Louis is second to none.  Any party interested in finding out what's really going on would be well suited to listen to his analysis and advice."

          - Greg Abel, Broker/Owner - Avenue Real Estate Group

During this weeks session- Greg Abel, Kevin Cottrell and Russ Miller review the latest NAR pending housing numbers with a comparison to actual Jan 09 #s for St. Louis MO as well as current inventory and market velocity.  Discussion centers around the report's accuracy and applicability to the St. Louis MO metro.

The podcast team also discusses whether the market has picked up for buyers and possible implications for the recently signed stimulus bill as well as continued turbulence on Wall Street.

Again, the Podcast can be accessed via the following link.

Cottrell Report - Key MLS and Market Statistics for St. Louis MO Real Estate Market

Saint Louis , MO Real Estate Market Update & MLS Statistics Overview
		Current WK	4 Weeks Prior	1 Year Ago	Trend
Active Listings		4,024	3,919	4,787	+
Pending Ratio		9.7%	9.6%	15.2%	=
Pendings Previous 30 Days		272	216	n/a	+
Pendings below 300K (%)		75.7%	81.9%	n/a	+
Price Reductions		11.5%	8.2%	7.5%	-
Days on Market*		95.3	91.4	87.2	+
List/Selling Price(%)**		95.1%	95.1%	95.8%	-
*Weighted Average Days on Market for Listings Sold
**Average List/Sell% for all listings sold in past 6 months
Source: MARIS MLS Data Deemed Reliable but not Guaranteed
© 2009 Cottrell Realty Group/Incubation Realty Group LLC  ALL RIGHTS RESERVED

Download TMO2009_021009

Quick wrap up of key MLS and Market statistics for the real estate market in the Saint Louis MO area.  Real Estate Market report follows below:

 

St. Louis – we have a Stimulus Bill – expected to be signed by Obama on Monday!

As we noted in our previous post, there are some significant positive trends in the St. Louis real estate market – and US economy as a whole – that have occurred since the Wall Street Melt Down in the fall of 2008.

 

This is not meant to pain the picture as completely rosy in the market place.  As we mentioned last week, the St. Louis MO market has contracted significantly:

 

Pendings – contracts received and accepted on listings in Jan 09 was at same level as Jan 1999.

Active Listings – new listings entered in Jan 09 was at same level as Jan 2002.

 

% of pendings below 300K – this key trend continues to improve as buyers using FHA financing (available up to $271, 250 in St. Louis MO) are freeing up equity for sellers looking to’move up’ and purchase in the next price ranges up.  Increase in pendings in both $300-350K and $350-400K continue – a healthy sign for the St. Louis MO real estate market.

 

The bottom line here is sellers must be priced right, staged well and marketed extremely aggressively – it’s a full scale street war to get your home or condo sold  in Saint Louis MO.  Make sure you ask your agent what their combat plan is and how well it faired in the challenging market in 2008.  Most agents either lack an aggressive plan or are using the plan that worked from 1995-2005 – something that is not working in this current market.

 

 

Note:  Complete definitions of all terms for the Cottrell Report are found here.

 

Kevin Cottrell /Cottrell Realty Group in Saint Louis MO