Thursday, April 24, 2008

St. Louis County MO Under Contract & Snapshot April 24 2008

The outlook of housing stabilizing may be on the horizon. A report below from Marketing Strategy Group indicates slower housing starts, but forecasts the stabilization of the housing industry may be in near.

Today's 24 hour watch...
New Listings 246
Back on Market 68
Price Increases 44
Price Reductions 276
Contingents 61
Pendings 158
Solds 108
Expireds 67
Inactives 59

This is a snapshot of Contingent Pending Option Status properties on April 24, 2008 single family homes and where the homes are selling. Today 49 properties in St. Louis County listed here. Note the areas & price ranges cover a wide variety of properties.

$199,200 9915 Affton Plc Affton Affton 4 2.50 1416 9801 1.5 Story
$87,178 9528 Dana Ave St Louis Bayless 3 1 888 7344 Ranch
$109,900 3709 Cleves Ave St Louis Bayless 3 1 1008 7200Bungalow/Cottage
$339,900 500 Vista Hills Ct Eureka Eureka 3 3.50 2814 11892 1.5 Story
$29,900 118 E Arlee Ave St Louis Hancock Place 1 1 784 3750 Ranch
$199,900 141 Jost Manor Dr Florissant Hazelwood Central 4 2.50 7500 2 Story
$74,900 12101 Jerries Ln Florissant Hazelwood Central 3 2 1618 10000 Ranch
$79,900 4955 Evelynaire Dr Florissant Hazelwood East 3 2 1124 7501 Ranch
$89,000 5075 Craigmont Dr Florissant Hazelwood East 3 2 1958 20090 Multi-Level
$199,900 1242 Edlor Dr St Louis Hazelwood East 3 2 2320 50530 Ranch
$9,900 7203 Albright Ave St Louis Jennings 2 1 864 5320 Ranch
$9,900 5253 Hodiamont Ave St Louis Jennings 2 1 791 6400 Bungalow/Cottage
$45,000 9133 Saint Cyr Dr Jennings Jennings 2 1 875 6795 Ranch
$385,000 129 W Glenwood Ln Kirkwood Kirkwood 3 2.50 2321 12110 2 Story
$525,000 8 Hill Dr Glendale Kirkwood 4 2.50 2749 9365 2 Story
$283,500 7 Ridgegate Dr Olivette Ladue 3 2 1953 21423 Ranch
$374,900 14 Midpark Ln Ladue Ladue 2 2 1674 7200 Ranch
$949,900 9742 Mansfield Dr Olivette Ladue 4 3.50 3753 19646 2 Story
$450,000 17643 Westhampton Woods Dr Wildwood Lafayette 4 3.50 3452 21344 1.5 Story
$219,900 2279 Hill House Rd Chesterfield Marquette 3 3 1660 10450 Ranch
$344,900 234 WILDHORSE SPRINGS Ct Chesterfield Marquette 3 2 14026 Ranch
$579,000 8 Wilson Ridge Ct Chesterfield Marquette 4 2.75 2906 32234 Ranch
$90,000 305 N Harvey Ave St Louis McCluer 4 2 1624 15682 2 Story
$104,900 75 Derhake Rd Florissant McCluer North 2 1 792 7535 Ranch
$89,900 337 S Marguerite Ave Ferguson McCluer South 2 1 840 8470 Ranch
$29,900 8501 Midwood Ave St Louis McCluer South 3 2 1288 7800 Ranch
$99,900 4719 Kerth Dr St Louis Mehlville 3 1 1519 8540 Split Foyer
$128,500 2801 Mohattan Ln St Louis Mehlville 2 1 925 5998 Ranch
$214,900 248 Golden Valley Dr St Louis Mehlville 3 2 1589 9148 Ranch
$219,900 4571 Towne Centre Dr St Louis Mehlville 4 2.50 2066 8494 Ranch
$24,000 3450 Oakdale Ave St Louis Normandy 2 1 900 6242 Bungalow/Cottage
$99,900 7501 Hillsdale Dr Greendale Normandy 3 1.50 1380 6750 2 Story
$6,900 3734 Manola Ave St Louis Normandy 2 1 864 7500 Ranch
$145,000 8319 Knollwood Dr Bel-nor Normandy 3 2 1350 7500 1.5 Story
$239,000 14332 Rainy Lake Dr Chesterfield Parkway Central 4 2 1934 12800 Ranch
$155,000 1877 Calamaide Dr Maryland Heights Parkway North 3 2 1432 6636 Ranch
$219,900 1222 Treetop Village Dr Ballwin Parkway South 5 3 8092 Bi-Level
$119,900 10727 Oak Ave St Louis Pattonville 4 2.50 1470 37500 1.5 Story
$144,900 2466 Meadow Run Ct Maryland Heights Pattonville 3 1.50 1480 7405 Split Foyer
$81,000 9814 Zykan Dr St Louis Ritenour 4 1 1265 6000 1.5 Story
$59,900 670 Bagnell Dr St Louis Riverview Gardens 3 1 1008 8470 Ranch
$159,900 2010 Gladiator Dr Fenton Rockwood Summit 2 2 7501 Ranch
$249,000 746 Clairfield Dr Fenton Rockwood Summit 4 2.50 1958 10062 2 Story
$39,900 6603 Crest Ave University City University City 3 1 1514 4382 2 Story
$248,000 851 Berick Dr University City University City 3 1.50 1795 9100 Ranch
$349,900 7453 Amherst Ave University City University City 3 2.50 2145 5227 2 Story
$374,900 827 Crescent Springs Ct Valley Park Valley Park 4 3.50 3042 13068 2 Story
$409,900 210 Papin Ave Webster Groves Webster Groves 4 2 1922 12001 2 Story
$179,900 7616 Suffolk Ave Shrewsbury Webster Groves 2 1 1152 9383 Ranch

Search Criteria

Property Type Residential Transaction Type Sale County St Louis
Statuses Contingent (4/24/2008 or after) , Option (4/24/2008 or after) , Pending (4/24/2008 or after)

Quick Stats - Averages
Quick Stats - Averages
Listing $ SqFt Listing Pr/SqFt CDOM
Residential (49) $201,455 1648 $105 85



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Housing, while remaining challenging as evidenced by lower home sales and rising inventories,
appears to be stabilizing.
• Existing Home Sales—Sales of previously owned U.S. homes—reported yesterday—fell 2%
in March to an annual rate of 4.93 million units and 19.3% below year-over-year levels;
equally telling, the inventory of homes increased 40,000 to 4.06 million home. While housing
remains an overhang for many consumers and overall economic growth, housing-pundits are
increasingly encouraged with the March results, believing that the industry is stabilizing (not
getting any much worse). Importantly, additional time is seemingly required before
declaring that housing is recovering (versus stabilizing). With approximately 18% of all U.S.
homes for sale having negative equity—implying high future foreclosures or “short sales” in
which the lender writes off some of the original loan—housing is likely to yet remain an
issue for weeks and months to come.
From PiperJaffray Daily Commentary April 23, 2008