Below is the July real estate market report for many of St. Louis County’s school districts.
The amount that sellers are willing to come down from their current list price to get their home sold continues to be around 4% in most areas of St. Louis County. As we move out of the spring – summer market and into fall, I wouldn’t be surprised if sellers finally started coming down a little more. Of course, the average % off may stay the same with sellers instead dropping their list price.
What can we expect in upcoming months?
With firm August homes sales tending to close in September, the trend from 2007 suggests that we can expect a big drop in the number of closed homes in September. Don’t expect many homes to go under contract this month.
Inventory will likely rise in the next few months, or at least remain stable, while the number of closed sales goes down. Only 2 of the 12 school districts I track had a 5% or more drop in active inventory compared to last month. Five of the districts actually had an increase in inventory while almost all of the districts have fewer homes under contract than last month.
The information is based on residential closed sales through the MARIS and is deemed reliable but not guaranteed. Active & pending sales are as of August 7, 2008.
| Brentwood School District | July 08 | June 08 |
| # of Active properties: | 49 | 55 |
| # of Under Contract properties: | 12 | 13 |
| # of Sold properties: | 12 | 8 |
| Avg Active list price: | $315,646 | $307,429 |
| Avg Sold price: | $295,971 | $300,938 |
| Avg days on market Active properties: | 134 | 126 |
| Avg days on market Sold: | 71 | 73 |
| Avg Sold $/List $: | 93.53% | 94.61% |
| Hi/Low Sold price: | $950,000/$156,000 | $505,000/$180,000 |
| Clayton School District | July 08 | June 08 |
| # of Active properties: | 53 | 55 |
| # of Under Contract properties: | 16 | 20 |
| # of Sold properties: | 11 | 6 |
| Avg Active list price: | $1,121,308 | $1,193,432 |
| Avg Sold price: | $712,591 | $875,250 |
| Avg days on market Active properties: | 102 | 107 |
| Avg days on market Sold: | 75 | 55 |
| Avg Sold $/List $: | 97.51% | 95.46% |
| Hi/Low Sold price: | $1,600,000/$164,000 | $2,405,000/$440,000 |
| Ladue School District | July 08 | June 08 |
| # of Active properties: | 235 | 214 |
| # of Under Contract properties: | 49 | 74 |
| # of Sold properties: | 47 | 38 |
| Avg Active list price: | $1,149,954 | $1,191,304 |
| Avg Sold price: | $708,489 | $672,660 |
| Avg days on market Active properties: | 158 | 173 |
| Avg days on market Sold: | 104 | 87 |
| Avg Sold $/List $: | 94.95% | 95.02% |
| Hi/Low Sold price: | $2,649,000/$33,000 | $2,150,000/$141,000 |
| Lindbergh School District | July 08 | June 08 |
| # of Active properties: | 241 | 234 |
| # of Under Contract properties: | 61 | 75 |
| # of Sold properties: | 49 | 58 |
| Avg Active list price: | $370,979 | $386,718 |
| Avg Sold price: | $237,445 | $226,606 |
| Avg days on market Active properties: | 111 | 109 |
| Avg days on market Sold: | 87 | 84 |
| Avg Sold $/List $: | 95.29% | 95.12% |
| Hi/Low Sold price: | $875,000/$110,000 | $840,000/$35,000 |
| Kirkwood School District | July 08 | June 08 |
| # of Active properties: | 296 | 302 |
| # of Under Contract properties: | 72 | 67 |
| # of Sold properties: | 47 | 68 |
| Avg Active list price: | $419,800 | $423,386 |
| Avg Sold price: | $344,874 | $372,024 |
| Avg days on market Active properties: | 110 | 111 |
| Avg days on market Sold: | 92 | 100 |
| Avg Sold $/List $: | 96.72% | 95.72% |
| Hi/Low Sold price: | $859,000/$1,000 | $840,000/$70,000 |
| Maplewood – Richmond Heights School District | July 08 | June 08 |
| # of Active properties: | 101 | 91 |
| # of Under Contract properties: | 18 | 22 |
| # of Sold properties: | 12 | 12 |
| Avg Active list price: | $231,727 | $238,226 |
| Avg Sold price: | $188,492 | $158,717 |
| Avg days on market Active properties: | 93 | 97 |
| Avg days on market Sold: | 64 | 83 |
| Avg Sold $/List $: | 95.89% | 96.38% |
| Hi/Low Sold price: | $488,000/$80,000 | $270,000/$9,600 |
| Mehlville School District | July 08 | June 08 |
| # of Active properties: | 458 | 455 |
| # of Under Contract properties: | 74 | 78 |
| # of Sold properties: | 69 | 71 |
| Avg Active list price: | $277,329 | $285,062 |
| Avg Sold price: | $203,864 | $201,483 |
| Avg days on market Active properties: | 145 | 140 |
| Avg days on market Sold: | 101 | 104 |
| Avg Sold $/List $: | 97.06% | 96.12% |
| Hi/Low Sold price: | $405,000/$85,000 | $514,000/$63,000 |
| Parkway School District | July 08 | June 08 |
| # of Active properties: | 677 | 690 |
| # of Under Contract properties: | 168 | 174 |
| # of Sold properties: | 128 | 145 |
| Avg Active list price: | $527,927 | $524,323 |
| Avg Sold price: | $399,658 | $357,220 |
| Avg days on market Active properties: | 110 | 102 |
| Avg days on market Sold: | 71 | 90 |
| Avg Sold $/List $: | 94.64% | 95.69% |
| Hi/Low Sold price: | $2,475,000/$114,000 | $1,725,000/$100,000 |
| Pattonville School District | July 08 | June 08 |
| # of Active properties: | 216 | 205 |
| # of Under Contract properties: | 50 | 55 |
| # of Sold properties: | 39 | 35 |
| Avg Active list price: | $186,590 | $187,162 |
| Avg Sold price: | $155,174 | $154,663 |
| Avg days on market Active properties: | 137 | 135 |
| Avg days on market Sold: | 99 | 73 |
| Avg Sold $/List $: | 97.16% | 96.11% |
| Hi/Low Sold price: | $289,000/$55,000 | $320,000/$51,700 |
| Rockwood School District | July 08 | June 08 |
| # of Active properties: | 1047 | 1049 |
| # of Under Contract properties: | 210 | 191 |
| # of Sold properties: | 123 | 172 |
| Avg Active list price: | $525,790 | $527,696 |
| Avg Sold price: | $367,579 | $364,105 |
| Avg days on market Active properties: | 132 | 127 |
| Avg days on market Sold: | 85 | 87 |
| Avg Sold $/List $: | 96.18% | 96.76% |
| Hi/Low Sold price: | $1,252,000/$98,250 | $1,144,000/$96,440 |
| Webster Groves School District | July 08 | June 08 |
| # of Active properties: | 222 | 228 |
| # of Under Contract properties: | 67 | 78 |
| # of Sold properties: | 44 | 55 |
| Avg Active list price: | $284,206 | $285,825 |
| Avg Sold price: | $280,320 | $272,904 |
| Avg days on market Active properties: | 94 | 93 |
| Avg days on market Sold: | 70 | 72 |
| Avg Sold $/List $: | 96.95% | 96.84% |
| Hi/Low Sold price: | $1,260,000/$78,500 | $745,000/$102,750 |
| University City School District | July 08 | June 08 |
| # of Active properties: | 200 | 210 |
| # of Under Contract properties: | 65 | 66 |
| # of Sold properties: | 49 | 46 |
| Avg Active list price: | $240,641 | $235,448 |
| Avg Sold price: | $278,538 | $242,207 |
| Avg days on market Active properties: | 92 | 94 |
| Avg days on market Sold: | 94 | 69 |
| Avg Sold $/List $: | 96.11% | 96.79% |
| Hi/Low Sold price: | $910,000/$18,511 | $524,900/$13,600 |
Watch out for the St. Louis City market report tomorrow.
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 Housing Market Report – Home Sales (Jan – June 2009)
- St. Louis Region Market Report: January – June 2008 (Part 2)
- St. Louis Region Market Report: January – June 2008 (Part 1)
