FOR IMMEDIATE RELEASE

Contact: Carol Lundgren

314-726-6111, ext. 203

ST. CHARLES COUNTY HOME PRICES RISE 4.4% OVER APRIL 2007

Average Sale Price Up Over $9,000 in 12 Months

Despite statistics in other parts of the country and across the Metropolitan Area, the median home price actually rose 4.4% over last year in St. Charles County. According to figures just released by the St. Charles County Association of Realtors (SCCAR), the average sale price of a home in St. Charles County was $220,791 in April, up from $211,450 in April 2007.

“That’s exciting news for St. Charles County homeowners and homebuyers,” says Keith McCulloh, SCCAR president. “All real estate is local, and these statistics prove that St. Charles County remains a great place to invest in a home.”

McCulloh adds, “The rise in home prices reinforces the fact that buying a home in St. Charles County remains an excellent long-term investment and means of increasing your family wealth. For example, if you purchased your home in St. Charles County in April of 2003, you paid an average of $168,123. Today, that home’s value would have increased by a full 32 percent. That’s a return that would have been hard to beat in other investments, plus it’s tax free.”

In addition, SCCAR figures show that the average home took 94 days to sell in April, up only 14 days over last year. “Again, while you read and hear dire stories about homes sitting on the market for extremely long periods of time, the St. Charles County story is unique. Three months is definitely not a long time to sell a home, so sellers should not be scared off by what they’ve heard,” McCulloh points out.

For more information, call 636-946-4022, or visit www.RightTimeForRealEstate.com.