St Louis Foreclosures Drop in July; Down Over 35 Percent From Year Ago

By Dennis Norman, on August 11th, 2011

Finally some good news for the St. Louis Real Estate Market!  This morning RealtyTrac released their foreclosure activity report for the St. Louis metro area for July 2011 showing that foreclosure activity in the St. Louis metro area in July was down 8.77 percent from the month before and down a whopping 35.46 percent from a year ago!  Considering foreclosures are the 800 lb gorilla in the room clobbering home prices throughout the St. Louis area, this is great news.  Not to mention, this news comes on the heels of the report I wrote about yesterday showing mortgage delinquencies hit their lowest rate in two years.  With mortgage delinquencies declining, foreclosures will continue to decline and, while we still have a long way to go before we can start using the “R” word with regard to the St. Louis real estate market (recovery), we are at least headed the right direction.

In the St. Louis metro area, St Louis County fared the best with a year-over-year decline of almost 53 percent in foreclosure activity in July,  followed closely by Jefferson County with a decline of 48.9 percent and Franklin County with a decline of 47.83 percent.   Lincoln County, on the other hand, had a 133 percent year-over-year increase.

To find foreclosures in your area click here.

State	County	Total Foreclosures	% Change From June 2011	% Change from July 2010
Illinois	Bond	2	100.00	0.00
Illinois	Calhoun	1
Illinois	Clinton	14	40.00	-46.15
Illinois	Jersey	2	-33.33	100.00
Illinois	Macoupin	8	-38.46	100.00
Illinois	Madison	244	41.04	48.78
Illinois	Monroe	9	-57.14	-25.00
Illinois	Saint Clair	151	-14.69	-23.35
Missouri	Crawford	2	-50.00	100.00
Missouri	Franklin	12	-29.41	-47.83
Missouri	Jefferson	93	-40.76	-48.90
Missouri	Lincoln	28	3.70	133.33
Missouri	Saint Charles	212	-4.93	-24.01
Missouri	Saint Louis	495	-12.70	-52.95
Missouri	Saint Louis City	237	-9.89	-38.92
Missouri	Warren	7	16.67	-12.50
Missouri	Washington	1	-50.00	0.00

SOURCE: RealtyTrac

Related posts:

1. One in 78 Housing Units In U.S. In Foreclosure In First Half of 2010
2. Fed Reserve expects over 4 million new foreclosures in the next two years
3. Foreclosure Activity in St. Louis Area Down 23 Percent in April
4. Foreclosures account for 28 percent of all home sales in first quarter 2011; Selling at discount of 27 percent
5. Foreclosure activity in May down 33 percent from a year ago; buyer interest cools

1,039 comments to St Louis Foreclosures Drop in July; Down Over 35 Percent From Year Ago

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