Tyler Olsen- Tower Grove East - Feb 2018

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.