Below is the St. Louis City market report for June.
To see yesterday’s post on St. Louis County, click here.
As I look over my spreadsheet of the data since the beginning of the year, it is clear that available inventory for the parts of the city that I track has stopped climbing. The number of active properties is down from last month for everywhere but Soulard (which had no change). Another thing to note is that the homes that sold (keep in mind that some of the actives won’t end up selling), mostly took between 3-4 months to get an accepted contract. Since homes sales dramatically drop off by late summer/fall, it is time to get moving and get your house sold if you are on the market. Talk to your agent about what you need to do to get a contract. Maybe you need to make some cosmetic changes or repairs. More likely the solution is to reconsider your price and take an honest look at if you are one of the best available homes at your price in your area.
And, if you are still thinking of putting your house on the market this year, the sooner the better.
St. Louis 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. Take a look at the links for maps that show my boundaries for the Central West End, South City, Tower Grove/Shaw Garden and Soulard/Lafayette Square/Benton Park.
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 July 6, 2008.
| Central West End | June 08 | May 08 |
| # of Active properties: | 106 | 112 |
| # of Under Contract properties: | 25 | 25 |
| # of Sold properties: | 13 | 9 |
| Avg Active list price: | $570,453 | $576,948 |
| Avg Sold price: | $611,179 | $408,989 |
| Avg days on market Active properties: | 124 | 123 |
| Avg days on market Sold: | 114 | 58 |
| Avg Sold $/List $: | 93.78% | 94.41% |
| Hi/Low Sold price: | $2,000,000/$190,000 | $1,060,000/$61,000 |
| South City | June 08 | May 08 |
| # of Active properties: | 516 | 559 |
| # of Under Contract properties: | 145 | 151 |
| # of Sold properties: | 120 | 131 |
| Avg Active list price: | $147,588 | $150,125 |
| Avg Sold price: | $144,113 | $127,960 |
| Avg days on market Active properties: | 89 | 88 |
| Avg days on market Sold: | 87 | 97 |
| Avg Sold $/List $: | 96.60% | 94.78% |
| Hi/Low Sold price: | $337,500/$24,900 | $394,950/$19,900 |
| Tower Grove Park/Shaw Garden | June 08 | May 08 |
| # of Active properties: | 137 | 144 |
| # of Under Contract properties: | 49 | 58 |
| # of Sold properties: | 32 | 14 |
| Avg Active list price: | $191,282 | $187,830 |
| Avg Sold price: | $147,431 | $170,214 |
| Avg days on market Active properties: | 98 | 119 |
| Avg days on market Sold: | 82 | 104 |
| Avg Sold $/List $: | 96.63% | 95.50% |
| Hi/Low Sold price: | $302,000/$14,000 | $327,500/$65,000 |
| Soulard/Lafayette Square/Benton Park | June 08 | May 08 |
| # of Active properties: | 198 | 198 |
| # of Under Contract properties: | 32 | 32 |
| # of Sold properties: | 17 | 16 |
| Avg Active list price: | $247,011 | $262,138 |
| Avg Sold price: | $247,935 | $251,575 |
| Avg days on market Active properties: | 148 | 141 |
| Avg days on market Sold: | 93 | 105 |
| Avg Sold $/List $: | 95.30% | 93.62% |
| Hi/Low Sold price: | $430,000/$40,000 | $400,000/$39,900 |
10936 Manchester Road St. Louis, MO, 63122 USA
admin@archcityhomes.com • 314-677-6538
Possibly Related Posts:
- St. Louis Region Housing Market Report – Home Sales (Jan – June 2009)
- 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)
{ 2 comments… read them below or add one }
Karen,
I enjoy your blog and the summary data on the market. I have been trying to find market data on condos (especially the CWE). Is there any available?
I want to let you know I am currently working with an agent already. Hopefully, that has no effect on whether you can answer my question. I figured since your blog is public, that it is not a problem. I am always looking for more data to help with any decision I make.
Thanks in advance.
Best regards,
DC
DC,
I’m glad that you are finding my blog helpful, and will be happy to pull together some statistics on condos in the CWE for you.
Give me a couple of days and I’ll get out a new post on them.
The condo market in the CWE has some great deals out there and is a great place to live. Good luck with your search!