If you’d like to know what’s for sale in popular Mason Valley, Town and Country, MO, look no further.  Check out my up to the minute, Mason Valley home inventory list.

For more Mason Valley resources…

Real Estate absorption rate for St. Louis is defined as the number of months required to sell the current, St. Louis real estate inventory.  In a tough real estate market, this number is an important one to keep in mind.  The chart below shows the absorption rate for a selection of zip codes and for St. Louis county.  

Particularly shocking is the number of home sales last month in the Des Peres/ Town and Country/ 63131 area.  I’ve covered this area for a long time and am surprised to see only 4 sales in the zip code last month.  I’m sure next month’s numbers will paint a different picture.  We look at absorption rates as trends.  Nevertheless, 4 sales is pretty shocking.  

We look at absorption rate to help us gauge our expectations for our homes that are on the market.  If you put your 63021 home on the market today, you will be competing with 287 homes.  We can reasonably anticipate that only 31 of them will sell next month.  So what do we need to do to get your home to be picked?

First, we need to price your home in light of the competition.  We need to be priced lower than the competing properties of the same size, finish, and condition.  This will enable us to stand out in the sea of houses on the market.  I can advise you on how to price your St. Louis home competitively.

Second, we need to look better looking than the competition.  Buyers are judging a beauty pageant.  If you don’t stand out as the top of the heap in terms of condition and quality, you’d better be a real steal.  Nobody seems to be interested in painting, removing wallpaper and carpet, gutting kitchens, etc. these days.  The fact is, there is enough inventory out there that they don’t have to.

Thanks for visiting my blog.  This post shows our latest listings.  Of note are the “less than 200k” properties that are perfect for your first-time homebuyer referral.  You can also sign up for an auto-email of the latest St. Louis county real estate listings.  

First time home buyers are eligible for up to $8000 in tax credits for homes purchased before 12/1/2009.  This tax credit can be made on the 2008 return by filing an amendment.  In other words, you can get the credit mailed to you now!  See this website for information about the St. Louis first time homebuyer federal tax credit.

Also of note are a number of properties in the Mason Ridge School District:

1.  21 Broadview Farm Road, 63141
2.  23 Broadview Farm Road, 63141
3.  1608 Foxleigh, 63131
4.  1 Hawthorne Estates Drive, 63131

Call Russell Nolting at 314-267-2636 for more information.   

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.

23 Broadview Farms Open 1 to 3pm
2469 Clarjon Open 12:30 to 2pm
52 High Valley Open 2:30 to 4pm

Thanks, Russell  

P.S.  For a great search engine for St. Louis Listings, visit SearchHomesStLouis.com.

13642 Peacock Farm has gone under contract.  Originally priced at 575k in Sept 2008, the house received an acceptable contract 153 days later on 02/02/09.  The price had been dropped a number of times and was at 475k when the contract came in.  

Details about the sale price will be available after closing.  

For more information about this listing, please go to 13642 Peacock Farm Road.

For more Mason Valley news, click my Mason Valley Subdivision news and stats link.

For more information about St. Louis real estate, visit your home guide St. Louis.

Two homes are currently on the market in Mason Valley, Town and Country, MO:

13642 Peacock Farm Road	$499,900
1660 Featherstone Drive	$595,000

To schedule an appointment to see these houses, please call Russell Nolting at 314-267-2636. 

Five (5) homes sold last year in Mason Valley.  Typical sale price in Mason Valley was $478,400.  Average days on the market was 139 days.  I listed and sold 1629 Mason Valley Road in 65 days for $447, 000.  One of my clients bought 1578 Mason Knoll for $445,000.  Nolting Real Estate was involved in 2 of the 5 2008 sales in Mason Valley. 

2008 Sales in Mason Valley Subdivision

For more information on home sales in Town and Country, Missouri, click this link.

A previous Town and Country post.