St Louis Is Number One Market For Flipping Homes

St Louis is the top marketing for flipping homes, according to an article published yesterday on Realtor.com.  It’s not all just flipping activity however in the article a very notable and credible St Louis industry source (unabashed self-promotion) stated that “flipping is more common in homes in the $175,000-plus range, while many of those listed for $125,000 and less are being turned into rentals, says Norman.”

The Realtor.com article gave an overview of the market data I produced for them so I wanted to share the market data behind the overview.

St Louis Neighborhoods With Large Investor Presence:

  • 63137 Zip Code Area (Bellefontaine Neighbors/Glasgow Village) – 43.5% of housing units are investor-owned
  • 63135 Zip Code Area (Ferguson) – 39.2% of housing units are investor-owned
  • 63033 Zip Code Area (Florissant Area) – 21.8% of housing units are investor-owned

Home Prices In St Louis’ Active Investor Markets:

As the tables below show, homes in 63137 sold for a median price of $49,250 for non-distressed sales with distressed home sales (foreclosures, bank-owned and short sales) selling for $28,808.

63137 Home Prices And Sales (No Distress Sales) – Past 12 Months

(click on table for live data)63137 Home Prices And Sales (No Distressed Sales) - Past 12 Months

63137 Home Prices And Sales (Distressed Only) – Past 12 Months

(click on table for live data)

63137 Home Prices And Sales (Distressed Only) - Past 12 Months

As the tables below show, homes in 63135 sold for a median price of $70,000 for non-distressed sales with distressed home sales (foreclosures, bank-owned and short sales) selling for $28,500.

63135 Home Prices And Sales (No Distress Sales) – Past 12 Months

(click on table for live data)

63135 Home Prices And Sales (No Distressed Sales) - Past 12 Months

63135 Home Prices And Sales (Distressed Only) – Past 12 Months

(click on table for live data)63135 Home Prices And Sales (Distressed Only) - Past 12 Months

As the tables below show, homes in 63033 sold for a median price of $128,000 for non-distressed sales with distressed home sales (foreclosures, bank-owned and short sales) selling for $75,000.

63033 Home Prices And Sales (No Distress Sales) – Past 12 Months

(click on table for live data)

63033 Home Prices And Sales (Distressed Only) – Past 12 Months

(click on table for live data)

  
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