Driven by low interest rates and increased wealth due to favorable stock market conditions, home prices and disposable income have risen significantly. Extremely low interest rates are offsetting higher prices keeping the affordability index low.
It's a seller's market in St. Louis. Communities across the region are experiencing record low inventory. For St. Louis, limited housing stock is a persistent years-long issue. St. Louis has had a decline in months-supply of inventory dating back to 2005. The following graph outlines November's inventory expressed in the number of months it would take to sell all of the homes on the market for a sampling of communities over three years. As the availability of housing declines, there has been a jump in the median sales price, up 16% from this time last year. Now more than ever, this market requires an experienced agency representing buyers and sellers.
In the early 1800's an area 10 miles southwest of Saint Louis was known as the Dry Ridge by fur trappers and the Osage and Dakota tribes. As part of a Spanish land program, 6,002 acres was granted to the last Spanish Lieutnenat governor, Charles de Hautte Delassus. The land grant covered what is now Webster Groves.
Covering approximately 32 square miles in suburban St. Louis County, the City of Chesterfield, Missouri, is a thriving community with a population of over 47,000, making it the state''s fourteenth-largest city.
Established in 1853, the town of Kirkwood was developed to take advantage of the establishment of Missouri's first railroad corridor. It was designed to serve city dwellers who wished to live in the country and commute to the city via the new train system. Its creators envisioned Kirkwood as a largely residential community, and it remained so for much of its history. As a result, the vast majority of the historical resources found there are residences. The city distinguishes itself from others by being the first community in St. Louis County to have a four-year public high school, a tax-supported library and a nursing home. It also has one of the oldest police departments.
Garrett Tucker is a recent graduate from the University of Missouri with a Bachelor’s of Business Administration focused on Finance. He has been interested in real estate from a young age and spent countless hours as a child viewing real estate online. Growing up in Eureka, he started working at the Six Flags amusement park at the age of 16. This is a job he worked through his entire high school and college career holding numerous leadership roles and recently completing an internship with Busch Gardens Williamsburg in Virginia. Garrett is an expert at customer service. Garrett enjoys spending time with friends, traveling and watching the penguins at the St. Louis Zoo.
Keith R. Manzer brings over 37 years of real estate experience with him. He has been named “The Face of Luxury Residential Real Estate” by St. Louis Magazine in 2014, 2015 & 2019, and recognized as a 5-Star Service Award winner for the last eight years. From new construction, project development, re-sales & helping buyers relocate from out of town, he has the perfect skill set to meet a variety of real estate needs. Manzer gives back to the community on many levels. He has established the Brian S. Voorhees Scholarship Fund, benefiting the Crafting-A-Future program for underserved children at Craft Alliance Center for Art and Design, St. Louis, MO.
Read more to learn about this important update regarding property tax appeals.