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. ┬áIt’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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