ST. LOUIS, MO/March 11, 2017 (STLRealEstate.News) County Assessor Jake Zimmerman this week announced that property values are on the uptick in St. Louis County presently. It’s that time of year when everyone reevaluates the worth of their home and property, and luckily, it’s looking like a good year ahead for anyone thinking about selling their homes and moving into a new one. Assessor Zimmerman stated in contrast with recent findings, property values actually decreased in value the last four years – until now.
As part of the assessment, Zimmerman went door to door this past week to visit with homeowners whose property is expected to increase by 15% this year. To many people’s delight, these homes reside in Ferguson and Florissant, two communities rocked hard by the police brutality headlines that kicked off a national movement two years ago. Zimmerman is expected to visit 75,000 homes in St. Louis County in the coming weeks.
Zimmerman stated the promising trends in Ferguson and Florissant are due to the fact that the homes have been selling and people are simply getting a higher price for them. “Look around you here, this is a nice neighborhood,” said Zimmerman. “These are nice, well-kept ranch houses and the good news I you can sell one of these houses today, on average, for a little bit more money than you could have two years ago.”
In 2014, civil unrest in the communities had many concerned they would never be able to sell their properties in the near future. This hit came during a time when the area was still struggling from the real estate bubble burst of 2008. The drop in property value put the Ferguson-Florissant School District in a serious bind. Local spokesman, Kevin Hampton, said the decrease in revenue was really hard for the educational activities and providing for the students.