Number of Distressed Home Sales In St Louis Declines Nearly Forty Percent In 2016 From Two Years Ago

By Dennis Norman, on December 29th, 2016

The number of distressed home sales in St Louis has been on the decline while distressed home prices have remained relatively flat.  For the purposes herein, a “distressed” home sale includes short sales, foreclosures, bank-owned and government-owned homes.   Thus far, as the chart below illustrates, there have been 2,170 distressed home sales in the St Louis 5-County Core market (the City of St Louis and Counties of St Louis, St Charles, Jefferson and Franklin) this year which is a decline of 23% from last year when there were 2,871 distressed homes sold and down 38.4% from 2014 when there were 3,533 distressed home sales in St Louis.  The median price of distressed homes sold in St Louis has not fluctuated much over the past 3 years however, with the median price of distressed sales in 2014 at $61,750, then decreased to $60,000 in 2015 then went up to $62,500 this year.

As the table below the chart shows, currently there are 394 active listings of distressed homes at a median list price of $64,950 which, based upon current sales trends, is a supply of just under 3 months.

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Distressed Home Sales & Prices – St Louis 5 County Core Market – 2014-2016 – Chart

(Click on chart or table for LIVE data)

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Distressed Home Sales & Prices – St Louis 5 County Core Market – 2014-2016-Table

(Click on chart or table for LIVE data)

Copyright 2016 – MORE, REALTORS – All Rights Reserved

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