Over the last 2 days, I posted the April numbers for St. Louis County and St. Louis City.
Below you’ll find the April real estate report for St. Charles County. Inventory continues to climb. The spring housing market is in full swing.
Compare the months of inventory available in each of the areas below:
St. Charles City – 2.95
Francis Howell – 4.94
Fort Zumwalt – 4.39
Wentzville – 6.15
* The months of inventory is determined by taking available properties divided by under contract properties. If homes continue selling at the same rate as last month, then it would take the resulting number of months to use up the entire available inventory.
St. Charles City School District has both the lowest months of inventory and days on market. If you are looking for a moderately priced home in St. Charles County and don’t have to buy a new home, you really should consider St. Charles City school district. When the time comes to sell, you’ll have less competition and sell more quickly than in the rest of St. Charles County.
And, Wentzville may have low prices and lots of new homes, but there is a big oversupply of homes available that probably won’t change much in the next few years given the large number of new construction subdivisions still building homes. If you plan to only stay in your next home for a few years, you would do better by purchasing in an area that has less of an oversupply than Wentzville.
Data is based on residential sales through MARIS and is deemed reliable but not guaranteed. Active and under contract sales data is based on May 4, 2008.
| St. Charles School District | April 08 | March 08 |
| # of Active properties: | 177 | 161 |
| # of Under Contract properties: | 60 | 52 |
| # of Sold properties: | 25 | 34 |
| Avg Active list price: | $221,856 | $222,221 |
| Avg Sold price: | $163,882 | $159,747 |
| Avg days on market Active properties: | 104 | 125 |
| Avg days on market Sold: | 57 | 117 |
| Avg Sold $/List $: | 96.19% | 96.12% |
| Hi/Low Sold price: | $288,660/$89,000 | $355,760/$37,000 |
| Francis Howell School District | April 08 | March 08 |
| # of Active properties: | 806 | 713 |
| # of Under Contract properties: | 163 | 174 |
| # of Sold properties: | 102 | 75 |
| Avg Active list price: | $327,513 | $337,398 |
| Avg Sold price: | $279,953 | $226,879 |
| Avg days on market Active properties: | 129 | 134 |
| Avg days on market Sold: | 88 | 83 |
| Avg Sold $/List $: | 94.25% | 96.69% |
| Hi/Low Sold price: | $3,500,000/$125,000 | $840,000/$108,000 |
| Fort Zumwalt School District | April 08 | March 08 |
| # of Active properties: | 803 | 789 |
| # of Under Contract properties: | 183 | 166 |
| # of Sold properties: | 83 | 87 |
| Avg Active list price: | $270,760 | $272,819 |
| Avg Sold price: | $207,509 | $212,180 |
| Avg days on market Active properties: | 138 | 139 |
| Avg days on market Sold: | 93 | 77 |
| Avg Sold $/List $: | 96.79% | 96.09% |
| Hi/Low Sold price: | $460,000/$101,100 | $530,000/$32,500 |
| Wentzville School District | April 08 | March 08 |
| # of Active properties: | 953 | 904 |
| # of Under Contract properties: | 155 | 133 |
| # of Sold properties: | 71 | 61 |
| Avg Active list price: | $280,376 | $275,705 |
| Avg Sold price: | $217,728 | $233,039 |
| Avg days on market Active properties: | 122 | 117 |
| Avg days on market Sold: | 97 | 90 |
| Avg Sold $/List $: | 96.61% | 95.48% |
| Hi/Low Sold price: | $500,000/$103,000 | $730,000/$59,000 |
10936 Manchester Road St. Louis, MO, 63122 USA
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Possibly Related Posts:
- St. Louis Region Housing Market Report – 2009 Condo Sales
- St. Louis Region Housing Market Report – 2009 Home Sales
- St. Louis Region Market Report 2008 – Condo Sales
- St. Louis Region Market Report: January – June 2008 (Part 1)
