In the last few days, I have posted the latest real estate market reports for St. Louis County and St. Charles County.
Today we’ve got the January real estate report for St. Louis City. As I’ve mentioned before, the city is made up of a number of neighborhoods, and my reports are based on a map defined search which may not exactly coincide with official boundaries.
The data is based on residential sales which doesn’t include the majority of condos and is taken from MARIS.It is deemed reliable but not guaranteed. Active and under contract data is based on Feb. 1, 2008.
| St. Louis City – Central West End | |
| # of Active properties: | 80 |
| # of Under Contract properties: | 20 |
| # of Sold properties: | 10 |
| Avg Active list price: | $514,207 |
| Avg Sold price: | $388,080 |
| Avg days on market Active properties: | 186 |
| Avg days on market Sold: | 147 |
| Avg Sold $/List $: | 95.04% |
| Hi/Low Sold price: | $850,000/$80,000 |
| St. Louis City – South City | |
| # of Active properties: | 483 |
| # of Under Contract properties: | 100 |
| # of Sold properties: | 38 |
| Avg Active list price: | $141,215 |
| Avg Sold price: | $127,237 |
| Avg days on market Active properties: | 106 |
| Avg days on market Sold: | 114 |
| Avg Sold $/List $: | 96.46% |
| Hi/Low Sold price: | $255,000/$17,000 |
| St. Louis City – Tower Grove Park/Shaw Garden | |
| # of Active properties: | 157 |
| # of Under Contract properties: | 25 |
| # of Sold properties: | 8 |
| Avg Active list price: | $185,318 |
| Avg Sold price: | $107,956 |
| Avg days on market Active properties: | 105 |
| Avg days on market Sold: | 108 |
| Avg Sold $/List $: | 94.66% |
| Hi/Low Sold price: | $158,000/$48,750 |
| St. Louis City – Soulard/Lafayette Square/Benton Park | |
| # of Active properties: | 150 |
| # of Under Contract properties: | 17 |
| # of Sold properties: | 14 |
| Avg Active list price: | $250,748 |
| Avg Sold price: | $131,321 |
| Avg days on market Active properties: | 135 |
| Avg days on market Sold: | 125 |
| Avg Sold $/List $: | 95.94% |
| Hi/Low Sold price: | $337,000/$15,000 |
As long as the average price of active properties is so much higher than the average price of sold properties, the highest priced homes will continue to languish on the market.
Buyers are being cautious, and no one wants to buy the most expensive home on the block. If you are trying to sell your home, and you do have the most expensive house on the block, make sure you a priced competitively or you’ll find selling a very frustrating experience.
10936 Manchester Road St. Louis, MO, 63122 USA
admin@archcityhomes.com • 314-677-6538
Possibly Related Posts:
- St. Louis Region Housing Market Report – 2009 Condo Sales
- St. Louis Region Market Report: January – June 2008 (Part 3)
- St. Louis Region Market Report: January – June 2008 (Part 2)
- St. Louis Region Market Report: January – June 2008 (Part 1)
