2017 Real Estate: A Year for Sellers in Maplewood, Richmond Heights and Brentwood

Numbers from last year’s home sales are undeniable proof that the market is back in a big way. In fact, it was the best year for US home sales since 2006, according to the National Association of Realtors. So, when we look in our backyards, how do we stack up?

The short answer: pretty well. Of the 462 homes that sold in Maplewood, Brentwood and Richmond Heights, the average home sold very near list price within weeks of hitting the market. Check out this table for a closer look:

Highs and Lows

So, what type of homes sold in 2017? Short answer: everything! Total rehabs to brick bungalows to restored victorians, there was a buyer for almost every home.

See the homes that sold at the lowest, most average and highest prices in each community:

Maplewood
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7778 Folk Ave. - | Sold: $12,000 | 173 DOM | 2 Beds | 1 Bath | 1204 sq ft.
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Brentwood
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2716 Manderly - | Sold: $239,000 | 6 DOM | 2 Beds | 2 Baths | 1150 sq ft.
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Richmond Heights
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7709 St. Albans - | Sold: $80,000 | 2 Beds | 1 Bath | 1315 sq ft.
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What will we see in 2018?

This year trends will look a lot like last year for home sales: inventory will be low and demand high. We may see a slight increase in home prices but not a huge leap from last year.

Home owners, if you have ever considered selling your home there is no better time than now. Set up a no-obligation consultation with a trusted realtor to talk through your options.

Buyers, arm yourselves with a preapproval letter from a trusted lender and agent up!

Click here to search all homes currently on the market.

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