Real Estate Stats on Every Home In Every Zip Code In The Saint Louis Area
Real Estate Stats on Every Home In Every Zip Code In The Saint Louis Area
It was an interesting year for real estate in St Louis. Some cities actually saw increases in price,and banks holding back foreclosures, and first time home buyer tax credits made decreases not nearly as bad as it could have been.
The November 2009 data is in and it appears as if the St. Louis market has numerous bright spots. Even lagging areas are seeing bottoms. Inventory continues to rule how homes are priced.
St Ann, MO has seen a 4% increase in median price in less than a month.
The housing marketing in the St Louis and St Charles areas is heating up. There are homes receiving multiple offers and selling within the week they are listed. It’s a simple matter of supply and demand that have created this spur to purchase
The number one item reported by Realtors in the area is a large increase in traffic. People are writing contracts, they are visiting open houses, homes are starting to sell under their average days on market. First time homebuyers are becoming aware of the available tax credit. And individuals with decent credit realize they can get a loan.
Cullinan Properties, based in Peoria, IL is the developer of a large scale redvelopment project on the South East corner of Highway 70 and Fifth Street in St. Charles. Many will know this site to be the former location of the Noah’s Ark restaurant and a large hotel that used to be on the site. The property had been a sore spot in the eyes of many St. Charles county residents for a long time as the hotel and restaurant had fallen into disrepair and were a visual strain when entering the county over the Blanchette Bridge. In the early 2000s, a project was hatched to redvelop the ground including some surrounding homes and a gas station into a large format, high-end retail, office, and residential center. This project was originally known as “The Plaza at Noah’s Ark.”
STL Home Data is sponsored by River City Real Estate, one of the largest indepedent brokers in the St. Louis area. With offices in both Saint Louis and Saint Charles counties, their agents are primed to help you understand the data on this site to make the best decision in buying a home or in [...]
As we exit the cold months and see buyers re-enter the market, St. Louis continues to outperform the rest of the country when it comes to the losses in real estate. While some places in the United States saw 30% declines in home values last year, the average around the St. Louis area seems to be about 6-8%. Of course there are some staistical outliers. But even the hardest hit areas are coming in at less than 15%. At the present time pretty much every city in the St. Louis area we would classify as a “Buyer’s Market,” however this doesn’t mean there aren’t some areas that have weathered the storm significantly better than others.
