St. Louis County – April Market Report

by Karen Goodman on May 4, 2008

Below is the monthly real estate market report for many of St. Louis County’s school districts.

One of the things that I watch each month is the Months of Inventory in each area. Since most homes close in about a month (meaning the homes that closed in April were mostly purchased in March), you can find the months of inventory by taking the available homes (supply) divided by the under contract homes (demand).

Based on months of inventory, sellers in Brentwood and Webster Groves have the least amount of competition. On the other hand, I don’t think I would want to be one of the 1002 homes on the market in the Rockwood school district.

The spring market is now in full swing. If you are thinking of buying or selling, don’t wait too long. By mid-summer the market starts slowing down.

The information is based on residential closed sales through the MARIS and is deemed reliable but not guaranteed. Active & pending sales are as of May 4, 2008.

Brentwood School District	April 08	March 08
# of Active properties:	50	52
# of Under Contract properties:	21	20
# of Sold properties:	12	6
Avg Active list price:	$326,972	$308,110
Avg Sold price:	$293,308	$272,000
Avg days on market Active properties:	112	112
Avg days on market Sold:	119	88
Avg Sold $/List $:	97.29%	95.73%
Hi/Low Sold price:	$525,000/$151,500	$360,000/$181,000

Clayton School District	April 08	March 08
# of Active properties:	61	50
# of Under Contract properties:	18	18
# of Sold properties:	7	3
Avg Active list price:	$1,038,009	$1,140,548
Avg Sold price:	$927,429	$547,000
Avg days on market Active properties:	77	84
Avg days on market Sold:	64	81
Avg Sold $/List $:	89.90%	96.65%
Hi/Low Sold price:	$2,500,000/$505,000	$669,000/$377,000

Ladue School District	April 08	March 08
# of Active properties:	223	218
# of Under Contract properties:	74	63
# of Sold properties:	24	27
Avg Active list price:	$1,049,806	$1,071,105
Avg Sold price:	$725,447	$730,670
Avg days on market Active properties:	158	169
Avg days on market Sold:	172	116
Avg Sold $/List $:	93.80%	92.24%
Hi/Low Sold price:	$2,600,000/$130,000	$1,850,000/$199,900

Lindbergh School District	April 08	March 08
# of Active properties:	235	229
# of Under Contract properties:	71	69
# of Sold properties:	36	37
Avg Active list price:	$387,591	$389,586
Avg Sold price:	$228,599	$163,734
Avg days on market Active properties:	120	115
Avg days on market Sold:	84	105
Avg Sold $/List $:	95.44%	95.59%
Hi/Low Sold price:	$675,000/$95,000	$640,000/$46,000

Kirkwood School District	April 08	March 08
# of Active properties:	312	286
# of Under Contract properties:	96	93
# of Sold properties:	40	36
Avg Active list price:	$422,133	$442,985
Avg Sold price:	$294,535	$333,768
Avg days on market Active properties:	110	117
Avg days on market Sold:	80	105
Avg Sold $/List $:	96.60%	97.97%
Hi/Low Sold price:	$917,363/$80,250	$1,070,000/$65,000

Maplewood – Richmond Heights School District	April 08	March 08
# of Active properties:	86	80
# of Under Contract properties:	19	20
# of Sold properties:	14	11
Avg Active list price:	$268,799	$218,685
Avg Sold price:	$210,561	$225,364
Avg days on market Active properties:	101	115
Avg days on market Sold:	98	125
Avg Sold $/List $:	95.78%	93.68%
Hi/Low Sold price:	$364,000/$55,000	$410,000/$80,500

Mehlville School District	April 08	March 08
# of Active properties:	434	400
# of Under Contract properties:	112	97
# of Sold properties:	63	56
Avg Active list price:	$290,600	$291,129
Avg Sold price:	$207,926	$205,168
Avg days on market Active properties:	150	155
Avg days on market Sold:	93	78
Avg Sold $/List $:	96.56%	96.35%
Hi/Low Sold price:	$461,000/$80,000	$445,000/$78,500

Parkway School District	April 08	March 08
# of Active properties:	655	593
# of Under Contract properties:	184	182
# of Sold properties:	102	92
Avg Active list price:	$528,289	$540,569
Avg Sold price:	$377,812	$323,528
Avg days on market Active properties:	99	99
Avg days on market Sold:	96	82
Avg Sold $/List $:	95.55%	91.04%
Hi/Low Sold price:	$1,765,000/$110,000	$2,150,000/$91,000

Pattonville School District	April 08	March 08
# of Active properties:	232	212
# of Under Contract properties:	54	42
# of Sold properties:	25	17
Avg Active list price:	$178,325	$174,847
Avg Sold price:	$165,526	$157,424
Avg days on market Active properties:	122	121
Avg days on market Sold:	76	53
Avg Sold $/List $:	96.86%	96.14%
Hi/Low Sold price:	$280,000/$66,000	$289,500/$88,500

Rockwood School District	April 08	March 08
# of Active properties:	1002	933
# of Under Contract properties:	237	186
# of Sold properties:	102	88
Avg Active list price:	$534,343	$528,001
Avg Sold price:	$371,725	$371,851
Avg days on market Active properties:	126	128
Avg days on market Sold:	96	121
Avg Sold $/List $:	95.59%	94.23%
Hi/Low Sold price:	$1,395,000/$130,000	$1,787,500/$95,500

Webster Groves School District	April 08	March 08
# of Active properties:	225	196
# of Under Contract properties:	90	77
# of Sold properties:	37	33
Avg Active list price:	$299,526	$303,187
Avg Sold price:	$282,561	$237,036
Avg days on market Active properties:	84	87
Avg days on market Sold:	79	107
Avg Sold $/List $:	96.39%	95.71%
Hi/Low Sold price:	$1,190,700/$30,000	$950,000/$50,000

University City School District	April 08	March 08
# of Active properties:	230	218
# of Under Contract properties:	71	61
# of Sold properties:	32	43
Avg Active list price:	$247,888	$252,914
Avg Sold price:	$206,397	$209,133
Avg days on market Active properties:	86	92
Avg days on market Sold:	100	66
Avg Sold $/List $:	97.11%	95.66%
Hi/Low Sold price:	$745,000/$33,800	$1,200,000/$16,000

Did I miss the school district where you live or want to move? Let me know in the comments below and I’ll add it to the school districts that I track next month.

Watch out for the St. Louis City market report tomorrow.