In this week’s update of the St. Louis residential real estate total market overview we show you that today’s real estate market is actually increasing in the number of houses being listed. This is a great time for buyers of the St. Louis area to find a great deal in this current market. This St. Louis residential real estate statistical analysis gives all the information for current home owners and future home owners to make a decision on whether or not to buy or sell. Russell Nolting is working diligently to find his clients’ the best deals in the St. Louis residential real estate market. Russell’s goal is to make his clients feel comfortable throughout the transaction and negotiate the best deal possible to leave both parties feeling satisfied. For any information on a home, please do not hesistate to call Russell at 314-677-6560.

This week’s updated St. Louis Residential Real Estate Total Market Overview. This gives you the total market overview of all Residential Real Estate in St. Louis. This gives the buyers and sellers out there in the range of $100,000 and up the information they need before they begin the process of becoming a new home owner and shows the probability of selling a home in the St. Louis Real Estate market today. Russell Nolting is a dedicated listing specialist in St. Louis and can make the life of a St. Louis Real Estate buyer or seller become much easier with his expertise. Please do not hesistate to contact him at 314-677-6560.

Tim Bryant, over at the St. Louis Post-Dispatch recently blogged about the hottest growth areas in St. Louis for residential real estate. According to Joe Zanola (Zanola heads Zanola Co., a housing market research firm), St. Louis has a rising number of younger residents and more “socially vibant retirees who are looking to move into the inner suburbs and even downtown.  Many of these St. Louis homebuyers are looking at the St. Louis downtown condo market.

The only catch in owning your next condo in the hottest Saint Louis area is that in order to finance a condo in the St. Louis downtown area you must be able to put 20% down. For sellers, they must find someone who can put 20% down. There may be an easier way to bypass this difficulty of owning/selling a condo in the Saint Louis market. FHA is the solution.  FHA continues to loan 96.5% of the purchase price to qualified buyers — even on condos.  Here’s the catch:  Not every condo complex is FHA approved.  FHA loans are only available on select developments. For the other 3.5% there is an answer to your crisis in a portfolio loan. This is a loan from a smaller bank that will keep the loan in house and not sell to Fannie Mae or Freddie Mac. Since they aren’t selling off the loan, it makes the decision theirs on whether or not to loan. With this type of loan typically follows a higher rate and the terms will be less beneficial to the buyer. Do not let this discourage anyone from having your next dream condo in the Saint Louis downtown area.

To search for your next home, please use our St. Louis home buyer search site.  Or call Russell Nolting at 314-677-6560.

The luxury home market in St. Louis continues at a sluggish pace.  This, of course, translates into buying opportunities.  Currently 72 real buyers are in the St. Louis market for homes priced above $1M.  A recent addition to the market is 3 Indian Creek Lane in Frontenac, MO 63131.  This home boasts 4 bedrooms and 6 beautifully remodeled baths.  The home has been beautifully remodeled and is priced at $1,485,000.  Please contact me if you’d like to see it. 

Russell Nolting, 314.677.6560

If you decide to purchase a home by December 1, 2009, you will be entitled to an $8,000 tax credit. This amendment to the economic stimulus bill will be available to if you purchase your first home between 1/1/2009 and 12/1/2009. Home buyers will be entitled to claim a total tax credit of $8,000 or 10% of the purchase price, whichever is less.  To avoid possible abuse of this credit, it is only allowed for your primary residence and will only have to be re-paid if said house is sold within two years of purchase. Keep in mind that you must close on or before December 1, 2009 to be eligible for the credit. Most closings take about sixty days, so with that in mind you must go under contract by October 2nd, 2009 – this gives you seventy-three days from today to find your first home. If you manage to meet these deadlines, all you have to do to claim your credit is fill out I.R.S. Form 5405.  Search for your next home on my St. Louis MLS search website.

For more information about this credit go to the IRS website.

http://www.TopStLouisHomes.com

http://www.TopStLouisHomes.com is the perfect place to search for your next  St. Louis home.  This website has a direct link to the St. Louis MLS, which means searches performed on TopStLouisHomes.com are identical to those that Realtors use when they are looking for you.

You can visit our MLS search tool any time and will not be required to sign in or provide any personal information.  However, should you need additional help, call Russell Nolting at 314-267-2636, anytime.

Happy house hunting!!

Tower Grove South 4 bedroom/ 1.5 bath

4 Bedroom/1.5 bathroom, all brick, updated bungalow in Tower Grove South located at 4108 Wyoming, near Morganford shopping and restaurants. Many updates including new furnace and A/C, new siding (accent). Kitchen has refinished cabinets, new counters, new appliances (gas range). Baths have new vanities, new ceramic. Wood floors refinished in 2007. Living Room, Dining Room and Kitchen are open to one another and feature hardwood floors, arched openings and lots of windows/natural light. Freshly painted walls and moldings just completed. 2 nice bedrooms on main level with full bath. Upstairs are 2 enormous bedrooms. This home has tons of closet space including cedar closet! Lower level is dry and partially finished — great family room space. Large, fenced, level yard backs to beautiful church — very private. 10x14x10 new, metal storage shed stays with the house. Home Warranty incl. Typical Bills… Gas Summer — $60, Gas Winter — $125, Electric (Budget) — $63, Sewer — $35, Water $70/3 months.

Just listed for $149,900.  To schedule a showing, please contact me at 314 267 2636.

1608 Foxleigh Court, Town and Country, MO 63131

Mason Valley 2 story with many updates. Mason Ridge School/Pkwy West. 5 br(4 up/1 down), 3.5 baths (1 full down). Hardwoods,new fixtures, plantation shutters,built-in bookcases,Anderson Casement,Vaulted ceilings,large rooms,sunroom with 3 banks of windows overlooking just under an acre of irrigated yard. Master suite renovated with gorgeous bath (double onyx sinks, nickel fixtures,cherry vanity,porcelin floor, custom tiles) huge closet,sitting room. Extra large kitchen,oversized island,maple cabs (undercab lighting),hardwood,Kohler,Moen,bay window,double oven,crown molding. Main floor laundry.Updated powder room.Office with Plantation shutters. Updated 2nd floor hall bath w adult height cherry cabs,new fixtures. Whole house fan.New bsmnt finish with bedroom suite-egress window with steps to yard-and large full bath. French doors to bright office. Rec/TV room. Lots of storage. Zoned Heating/AC. Basketball Crt. Ext lights. Ample parking.  $509,000.  Call Russell Nolting for more information.  Or visit our St. Louis Listings website.

23 Broadview Farms Road Creve Coeur, MO 63141

23 Broadview Farms Road is one of most desirable homes in Broadview Farms with acres of woods, stocked fishing pond and the peaceful bells of Priory. This spacious 5+ bedroom has 6 bathrooms, open floor plan, 3 fireplaces and beautiful hardwood floors throughout. L/R has step-down for second seating area or g/piano. Large updated kitchen with island, gas cooktop (Dacor), SS appliances, sky lights and wood cabinets. VERY PRIVATE M/F MASTER RETREAT with french doors,study with fireplace and large master bath with double sinks, whirlpool tub, sauna, separate shower and walk-in closet. This home has exceptionally well-planned spaces for everyone in the family. Parking for 6 cars. Sunny walk-out basement with kitchen, counter seating, hobby/office, fireplace, 6th bedroom and full bath. Ideal situation for live-in help or family member. In-ground sprinklers, surrround sound, C/VAC, new driveway and patio, 30 year roof, new gutters. EXCELLENT CONDITION. Half-acre lot backs to woods Priory. Pet-free home.

You can search for more St. Louis Home Listings on our website.

Or Call Russell at 314-267-2636.

Last week’s open houses.

12185 Parkwood Place, Maryland Heights, MO 63043

You’re house doesn’t have to be on the market forever!  Nolting Real Estate specializes in internet marketing that captializes on the lastest technologies.  

The National Association of Realtors research has concluded that more than 85% of buyers use the internet to find houses.  Their research also notes that the typical Realtor spends more money on print advertising than internet advertising — 7 times more on print!!  

At Nolting Real Estate, we respect the research — we spend our marketing dollars in the right place.  We have poured 10s of thousands of dollars into our websites.  We pay for search optimization.  We blog daily.  We use websites, like our St. Louis Home Listings website, NoltingRealEstate.com, to syndicate our listings all over the web.  

In other words, when you list with Nolting Real Estate, we will publish your listing all over the internet on more than 100 sites, each catering to a different demographic.  For example, we publish our listings on immoble.com, the #1 site on the Internet for multilanguage real estate.  This Maryland Heights home was listed on Immoble.com.  It may seem excessive, but what if a buyer from Germany needs to move to St. Louis?  Shouldn’t he have the opportunity to buy your house.  

And our results are fantastic.  The Russell Nolting real estate team is one of the fastest growing Realtors in St. Louis.  Call me today at 314.267.2636…who knows…maybe we’ll be blogging about your house in a couple of weeks!