House Flipping In St Louis Drops Twenty-Three Percent In 2nd Quarter

House flipping, something that has become quite popular among investors over the past few years and has even spawned several reality TV shows, continues to decline in terms of the number of flips.  This is certainly not due to a lack of interest but instead a lack of opportunities.  Many flipping opportunities are the result of foreclosures and with the mortgage delinquency rates continuing to improve resulting in declining foreclosure rates, the end result is few opportunities for investors to flip homes.

In St Louis, during the 2nd quarter of 2018, there were 835 homes flipped in the St Louis metro area, a decline of 23.0% from the quarter before and a 4.7% decline from a year ago.  This is down 32.5% from the peak during the 3rd quarter of 2005 when there were 1,237 homes flipped in St Louis.

The table below shows the 2nd quarter house flipping data for St Louis, from ATTOM Data Services and includes the median size and age of the homes flipped, as well as median time to flip,  prices and profits.

  

St Louis House Flips – 2nd Quarter 2018

St Louis House Flips - 2nd Quarter 2018

Distressed Sale Opportunities For Investors Declined 30 Percent In Past 12-Months

As the interest in investing in real estate in St Louis continues to increase, whether to buy, fix and flip or to buy and hold for rental, the number of opportunities to do so continues to decline.  The primary source of “deals” for investors is typically “distressed” sales; property that has been foreclosed on and being resold, short sales or property in poor condition needing work.  However, as our chart for St Louis MSA below reveals, the number of distressed home sales in St Louis has been steadily declining over the past 5 years.

The chart shows both the number of distressed sales for each month (the pink line) as well as the 12-month trend (green line) and both are on the decline.  During the month of July 2018, there were 187 distressed home sales in St Louis, down 14% from 217 the month before and down 31% from last July when there were 272 distressed homes sold.  For the 12-month period ended July 31, 2018, there were 2,787 distressed home sales, down 30% from the prior 12-month period when there were 3,965 distressed homes sold in the St Louis MSA.

  

St Louis MSA Distressed Home Sales – Past 60 Months

(Click on Chart For Live, Interactive Chart)

 

House Flipping Volume In St Louis Down From Year Ago

During the first quarter of this year, there were 600 home “flips” in St Louis or about 8.6% of the homes sold in St Louis, according to data just released by ATTOM Data Research.  This rate of flipped homes is up 5% from the prior quarter, however, is down 7% from a year ago. The decline certainly doesn’t have anything to do with a lack of interest by investors in flipping, it has more to do with a low inventory and declining mortgage delinquency and foreclosure rates reducing the opportunities.

What is a “flipped” home?

In the report issued by ATTOM Data Research, any home or condo that was sold during the first quarter of this year in an arms-length sale that had previously had an arms-length sale within the prior 12 months as well, was considered a “flip”.  Since homeowners don’t tend to buy a home only to turn around and resell it within a year, when this does occur it is typically the result of an investor buying a property, renovating it, then reselling it.

(We work hard on this and sure would appreciate a “Like”)

  

St Louis Foreclosure Rate Drops Over Twenty-Percent In Past Year

The number of St Louis homeowners losing their homes in foreclosure declined to a total of 700 foreclosure actions in the St Louis MSA, according to the latest report from ATTOM Research.  Aprils foreclosure rate of 1 in every 1,768 housing units in the St Louis MSA is a decline of 22.82% from the rate a year ago and a decline of 9.68% from the foreclosure rate for March 2018.

As the table below illustrates, of the 15 counties in the St Louis MSA covered, all but three have seen a decline in foreclosure rates from a year ago (and all of those double-digit declines at that) and two-thirds of the counties saw a decline from the month before.

(We work hard on this and sure would appreciate a “Like”)

  

St Louis MSA Foreclosures – April 2018

St Louis MSA Foreclosures - April 2018

 

 

Number of Seriously Underwater St Louis Homeowners Down Fifty-Percent From 4 Years Ago

The percentage of homeowners with a mortgage in the St Louis MSA that were seriously underwater in the last quarter of 2017 was 13.8%, about half the rate from 4 years earlier, according to data just released by ATTOM Data Solutions.  For this report, a homeowner is considered “seriously underwater” when the total of their home mortgage(s) is equal to, or greater than, 125% of their home’s current value.

Also shown on the table below is the percentage of equity-rich homewners in the St Louis MSA.  An “equity-rich” homeowner is at the other end of the spectrum from an underwater homeowner with their mortgage total being 50% of less than the current value of their home.

You can click the table below to go to the complete information showing the data for the 5-counties that make up the St Louis core market.

(We work hard on this and sure would appreciate a “Like”)

  

St Louis MSA Underwater Homeowners & Equity-Rich Homeowners

(Click on the table to be taken to the complete report by county)

St Louis MSA Underwater Homeowners & Equity-Rich Homeowners

 

 

Distressed Home Sales In St Louis Continue Downward Trend

Distressed home sales, foreclosures, bank and government-owned homes and short sales, continue to decline in St Louis as the economy and housing market continue to improve.  The chart below illustrates this downward trend as, for each monthly data point, it shows the total number of distressed home sales in the 5-county core St Louis market for the prior 12-months.  Plotting out the prior 12-month activity is a great way to spot trends and changes in the market.  As the chart shows, for the 12-month period ending last month, November 2017, there were 1,484 distressed home sales, down over 34% from December 2015 when there were 2,263 distressed home sales during the prior 12 months.

St Louis 5-County Core Market – Distressed Home Sales- Prior 12-Month Period Monthly For Last 24 Months

(click on chart for live data)

St Louis 5-County Core Market - Distressed Home Sales- Prior 12-Month Period Monthly For Last 24 Months

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE

Search St Louis Foreclosures For Sale HERE

St Louis Foreclosure Rate Falls Over 6 Percent From Year Ago

The real estate market in St Louis continues to improve and grow stronger, evidenced by the declining foreclosure rates being reported by ATTOM Data Solutions.  For November 2017, there were 857 foreclosure actions taken on housing units within the St Louis MSA, a decline of 17.52% from the month before and a decline of 6.54% from a year ago.

St Louis MSA Foreclosure Rate – November 2017

St Louis MSA Foreclosure Rate - November 2017

(We work hard on this and sure would appreciate a “Like”)

  

Home Flipping In St Louis Hits Lowest Level In A Year

St Louis flipped homes accounted for 6.6% of home sales in the St Louis MSA during the 3rd quarter of 2017, the lowest level since the 3rd quarter of 2016 when flips made up 6.3% of the St Louis home sales.  For the purposes of this report, a “flip” was defined as a property that was sold in an arms-length sale for the second time within a 12-month period.

Slow times are good flip times…

As the table below shows, with very few exceptions, for the 17 year period covered in the table, home flips have accounted for a larger percentage of the overall home sales in St Louis during the slow-selling seasons, the 1st and 4th quarters.  This makes sense as lenders are more apt to make deals toward the end of the year to get foreclosures off the books before closing out the year.

Opportunities to flip homes in St Louis on the decline…

As our chart below the table shows, the number of distressed home sales (foreclosures, short sales, and bank-owned property) in the St Louis area has steadily declined during the past 2 years as the economy, including the housing market, continues to improve.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend
Want to flip property?  Check out my video on how to buy foreclosures here.

Home Flips in St Louis 2000-2017 – St Louis House Flipping

Home Flips in St Louis 2000-2017 - St Louis House Flipping

St Louis 5-County Core Market – Distressed Home Sales – Past 24 Months

(Click on chart for live chart with current data)
St Louis Area Distressed Home Sales (Foreclosures, REO's, Bank-Owned Properties, Short Sales) Past 2 Years - Chart

Number of St Louis Homeowners With Negative Equity Continues To Drop In Most Areas

Over the past couple of years, as the St Louis real estate market has continued performing well, mortgage delinquencies and foreclosures have continued to decline.  Rising home value has also caused the number of “underwater” homeowners, also known as homeowners in a negative-equity position (meaning their mortgage balance exceeds their homes current value) to decline as well.  As the table below shows, 5 of the seven St Louis area counties listed saw a decline in the number of underwater properties in the 3rd quarter of this year from a year ago.  The largest decline in underwater properties was St Charles with a 35% decline.  The two exceptions, the city of St Louis and St Clair County, Il, saw an increase in underwater property of 2% and 14% respectively.

St Louis Underwater (Negative-Equity) Properties – 3rd Quarter 2017

(We work hard on this and sure would appreciate a “Like”)

Are You Underwater And Looking for Options? Get Complete Info Here

Search St Louis Homes For Sale HERE

See ALL Homes That Will Be Open In St Louis This Weekend


St Louis Underwater (Negative-Equity) Properties - 3rd Quarter 2017

City of St Louis Has Second Highest Vacant Property Rate In The U.S.

As of the end of September, in the city of St Louis, 7,265 of the 104,288 residential properties in the city were vacant, giving the city a vacant property rate of 6.97 percent, the 2nd highest of all the counties in the U.S., according to a newly released report by ATTOM Data Solutions.  The number of vacant properties in the city of St Louis increased 4.4% from the same time last year.  Baltimore Maryland had the highest vacant property rate at 8.14 percent.

As the table below shows, St Clair County, Illinois was the next St Louis area county on the list coming in at number 11, followed by Madison County, Illinois at #42, St Louis County at #47.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
Search St Louis Foreclosures For Sale HERE

See ALL Homes That Will Be Open In St Louis This Weekend

St Louis Area Vacant Property Rate By County- 3rd Quarter 2017

St Louis Area Vacant Property Rate By County- 3rd Quarter 2017

More Than 100 Zombies In The St Louis Area!

“Zombie” is the name that has been given to vacant property which delinquent mortgages and destined for foreclosure, not but in foreclosure yet.  These properties are in a “no man’s land” so to speak, and often become an eyesore and a burden on the neighborhood as well as city located in.  As the table below shows (compiled from the ATTOM Data report), St Clair County, IL has the highest number of “Zombies” at 99 and also has the highest Zombie foreclosure rate at 14.39%.

St Louis Area Zombie Foreclosures By County- 3rd Quarter 2017

St Louis Area Zombie Foreclosures By County- 3rd Quarter 2017

 

 

 

St Louis Mortgage Delinquency Rate Continues To Fall

On a national level, according to a report released by Corelogic, the foreclosure rate is at a 10-year low and, for the most part, mortgage delinquency rates continue to fall as real estate markets around the country continue to improve.

The state of Missouri, as well as it’s two big metro areas, St Louis and Kansas City, are following suit with improvements in mortgage delinquency and foreclosure rates.

State of Missouri- Mortgage Delinquency/Foreclosure Rates:

  • 30+ day mortgage delinquency rate improved from 5.3% of all mortgage loans a year ago to 4.5% for July 2017;
  • 90+ day mortgage delinquency rate improved from 2.0% a year ago to 1.5% in July 2017;
  • Foreclosure rate improved from 0.5% a year ago to just 0.3% in July 2017

St Louis Metro Area- Mortgage Delinquency/Foreclosure Rates:

  • 30+ day mortgage delinquency rate improved from 8.1% of all mortgage loans a year ago to 6.8% for July 2017;
  • 90+ day mortgage delinquency rate improved from 3.7% a year ago to 3.0% in July, 2017;
  • Foreclosure rate improved from 1.7% a year ago to just 1.2% in July 2017

Kansas City Metro Area- Mortgage Delinquency/Foreclosure Rates:

  • 30+ day mortgage delinquency rate improved from 5.0% of all mortgage loans a year ago to 4.1% for July 2017;
  • 90+ day mortgage delinquency rate improved from 1.9% a year ago to 1.4% in July, 2017;
  • Foreclosure rate improved from 0.5% a year ago to just 0.3% in July 2017

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE

See ALL Homes That Will Be Open In St Louis This Weekend

Search Foreclosures For Sale

Flipped Homes Accounted For About One In 13 Home Sales In St Louis During 2nd Quarter

Home flipping accounted for 7.3 percent of all the home sales in the St Louis MSA during the 2nd quarter of this year according to a report released today by Attom Data Solutions.  This is a decrease of  15% from the prior quarter when 8.6% of the homes sold were flips and is an increase of 10.6% from a year ago when 6.6% of the homes sold in St Louis were flips, according to the report.   For the purposes of this report, a “flip” was defined as a property that was sold in an arms-length sale for the second time within a 12-month period.

St Louis house flipping profit margins…

During the second quarter of 2017, the median purchase price of houses that were flipped was $75,000 and the median resale price, 163 days later on average,  was $129,900 for a gross profit margin of $54,900.  Before you get too excited though, remember this is just the gross margin between the price paid and the price resold at.  The actual net profit would be much lower as there would be costs related to the acquisition and sale of the property as well as rehab/repair costs and carrying costs, none of which is available publicly, so we can just talk about gross margins here.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend
Want to flip property?  Check out my video on how to buy foreclosures here.

Home Flips in St Louis 2000-2017 – St Louis House Flipping

Home Flips in St Louis 2000-2017 - St Louis House Flipping

Data Source – AttomData Solutions – Copyright 2017- St Louis Real Estate News – All Rights Reserved

 

St Louis 5-County Core Market – Distressed Home Sales – Past 24 Months

(Click on chart for live chart with current data)
St Louis Area Distressed Home Sales (Foreclosures, REO's, Bank-Owned Properties, Short Sales) Past 2 Years - Chart

Foreclosures In St Louis Increase In April

There were 1,814 foreclosure filings on homes in the St Louis metro area during the month of April 2017, an increase of 13.23% from the month before and an  increase of 12.25% from April 2016, according to a report just released this morning by ATTOM Data Solutions.  As the table below shows, all 7 Missouri Counties included in the report saw an increase in foreclosure activity last month from both the prior month as well as a year ago.  Of those, Lincoln County (which has very little foreclosure activity) saw the largest year-over-year as well as month-over-month increase, follow by St Louis County with a 45.37% increase from the month before and Franklin County with a 71.43% increase from a year ago.

 

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “Foreclosures In St Louis Increase In April

Foreclosure and Serious Delinquency Rates Continue to Decline in Missouri

The foreclosure rate in Missouri continues to decline with the foreclosure rate for February 2017 coming in a 0.4 percent, according to a report just released by CoreLogic.  The rate for February is down slightly from a year ago when the Missouri foreclosure rate was 0.5 percent.  Based upon the mortgage serious delinquency rate (90 days or more) as well as delinquency rate (30 days or more), both lead-indicators or predictors of things to come with regard to foreclosures, the foreclosure rate will continue to decline in the near term.  The mortgage delinquency rate for February 2017 was 4.9%, down from 5.1% in February 2016 and the serious delinquency rate was 1.8% during February 2017, down from 2.2% a year ago.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE

St Louis Metro Area Foreclosure Rate Declines in 1st Quarter; St Charles and Franklin Counties Increase

During the first quarter of 2017, the foreclosure rate in the St Louis metro area was one in every 487 housing units, a decline of 19.59 percent from the quarter before, and a decline of 3.61 percent from a year ago, according to a report released today by Attom Data.

As the table below shows, of the 7 counties in Missouri that are part of the St Louis MSA, 6 saw a decline in foreclosure rate from the quarter before and 5 of the 7 saw a decline from a year ago.  The foreclosure rate in St Charles County during the 1st quarter increased 18.64 percent from the 1st quarter of 2016 and Franklin County saw a 43.4 percent increase in the foreclosure rate during the same period.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “St Louis Metro Area Foreclosure Rate Declines in 1st Quarter; St Charles and Franklin Counties Increase

Want To Buy A Foreclosure Or Short Sale? Better move quick and pay up!

When I first got in the real estate business in 1979 buying foreclosed property was something pretty well limited to speculators at the time.  People like the broker I started with, and what I became a few years later, that bought property for cash, as-is generally to fix up and resell.  Foreclosures, and how to buy them, were a mystery at the time, not only to the general public but to many in the real estate business as well.  This is what gave us speculators an edge…we knew how to get the information on foreclosures and how the process worked. Ditto for tax sales and sheriff sales and short sales were something that didn’t even exist at the time.

Today, it’s all different however.  Thanks largely to the internet and reality TV, it seems everyone knows about foreclosures, tax sales, and just about every other way of finding and buying distressed property.  While this is good for sellers and for listing agents, it’s made it tough on investors and other buyers looking to take advantage of the opportunity offered through distressed sales.  The result has been a highly competitive market and higher prices.  This was evidenced by the sales data from last year.  As the tables below show, most of the distressed homes sold during 2016 sold for a median of 100% of the current list price at the time of sale.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “Want To Buy A Foreclosure Or Short Sale? Better move quick and pay up!

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

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.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “Number of Distressed Home Sales In St Louis Declines Nearly Forty Percent In 2016 From Two Years Ago

Distressed Home Sales Fall To Lowest Level In 9 Years

A report recently released by ATTOM Data Solutions revealed shows distressed home sales in the U.S. (foreclosures, short sales and bank-owned real estate) accounted for just 12.9 percent of the home and condo sales in the U.S. during the 3rd quarter of this year which is down from 15 percent during the 2nd quarter and down from 15.9 percent a year before.  This is the lowest level for distressed home sales since the 3rd quarter of 2007, according to the report.  Distressed home sales peaked during the first quarter of 2009 when they accounted for 43.9 percent of all home and condo sales in the U.S.

St Louis Distressed Home Sales:

St Louis distressed home sales have followed suit and are on the decline as well.  As the chart below shows, there were 167 distressed home sales last month, down 17 percent from a year ago when there were 207 distressed homes sold during the same period.  However, if look at the past 3 months, there were 561 distressed homes sold in St Louis, down just 6.7 percent from the same period a year ago when there were 601 distressed home sales.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “Distressed Home Sales Fall To Lowest Level In 9 Years

City of St Louis Makes List of Top Millennial Rental Meccas

The city of St Louis is one of the “Top 17 Single Family Rental Millennial Meccas“, according to a report just released by Attom Data Solutions.  As the interactive info graphic below shows, St Louis joins the likes of Baltimore Maryland, Milwaukee Wisconsin and El Paso Texas, along with others, as a place that is ripe for investors to rent homes to millennials.  For the report, millennial were defined as people born between 1979 and 1993.  According to the report, investors that purchased rental homes in the city of St Louis during the first half of 2016 saw a gross rental yield of 12%, nearly 50% higher than the national average of 8.7%.  In addition, millennials make up nearly a third of the population of the city of  St Louis (29.3%) and 29.8% of the city is rental property, making for a solid rental market.  On the downside, the average wages in the city of St Louis is down 2% from last year.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend

How To BUY Foreclosures From a 2,000+ Home Investor
Continue reading “City of St Louis Makes List of Top Millennial Rental Meccas

Foreclosure Activity Falls to Pre-Bubble Levels – Distressed Home Sales In St Louis Getting Harder To Find

There were 293,190 foreclosure filings in the U.S. during the 3rd quarter of 2016, which is a decrease of 10 percent from a year ago, according to a report released today by Attom Data Solutions.  This marks the fourth consecutive quarter in which foreclosure activity has decreased on a year-over-year basis and continues the steady downward decline in foreclosure activity we have seen for 6 years and has now finally fallen back to levels we saw prior to the housing bubble.

St Louis Distressed Home Sales Decline

Given the downward trend in foreclosure activity, it is not surprising that distressed home sales in St Louis (foreclosures, REO’s and short-sales) have declined as well.  As the chart below shows, over the past 24 months distressed home sales in the St Louis core market (the city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) peaked in April of 2015 with 300 distressed home sales but have trended downwardly since to 165 distressed home sales last month.  St Louis distressed home prices have remained fairly constant over the past 24 months. with a median sales price of $61,276 over the 2-year period and a median sold price of $60,550 in September.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “Foreclosure Activity Falls to Pre-Bubble Levels – Distressed Home Sales In St Louis Getting Harder To Find

St Louis Distressed Home Sales Increase Over 40 Percent In August

There were 184 distressed homes (short-sales and foreclosures) sold in St Louis (the 5-county core market) during the month of August, an increase of 44 percent from July when there were just 128 distressed home sales.  As the chart below shows, distressed home sales in August 2016 declined 5 percent from August 2015 when there were 194 distressed homes sold in St Louis.

As the table below shows, the median price of distressed homes sold over the past two years was $61,000 and for the most recent month, August 2016, the median price was $$65,050.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend

Search Short Sales for Sale HERE
Search St Louis Foreclosures For Sale HERE

Continue reading “St Louis Distressed Home Sales Increase Over 40 Percent In August

Percentage of St Louis Homeowners With Negative Equity Grows Slightly

The number of homeowners that are “seriously underwater“, or in a negative-equity position, increased during the 2nd quarter of this year, according to a report just released by Attom Data Solutions.   During the 2nd quarter of 2106, 17.8% of the homeowners, with a mortgage, in the St Louis MSA were in a negative equity position, up from 16.6% the quarter before and up just slightly from 17.4% during the 2nd quarter of 2015.

To be included in this report, a homeowner has to owe 125% of the current value of their home, so these people are definitely “seriously underwater”.  Obviously, there are many more people that are in a negative equity position, meaning they owe anywhere from 100% to 125% of the value of they home in mortgages.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend
St Louis Market Data (Home Prices, Sales, Trends and MORE) By City, Zip or County

St Louis Negative Equity or Underwater Homeowners

Foreclosures In St Louis During First Half of 2016 Down Over 27 Percent From Prior Period

There were 4,935 foreclosure filings on homes in the St Louis metro area during the first six months of 2016, a decline of 27.1% from the second half of 2015 when there were 6,770 foreclosure filings and down 9.75% from the first half of 2015 when there were 5,468 filings, according to a report just released by RealtyTrac.

As the table below shows, for the first half of 2016, foreclosures decreased in 13 of 15 counties in the St Louis area from the 2nd half of 2015 and 10 declined from the same period a year ago.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “Foreclosures In St Louis During First Half of 2016 Down Over 27 Percent From Prior Period

St Louis Foreclosure Activity Declines Nearly Ten Percent in May From Year Ago

Foreclosure activity in the St Louis metro area during the month May occurred at a rate of 1 foreclosure action for every 1,267 homes, an increase of 20.3 percent from the month before, but a decrease of 9.75% from a year ago, according to a report just released today by RealtyTrac.

 

As the table below illustrates, 5 of the seven Missouri counties, and 2 of the eight Illinois counties, saw a decline in foreclosure activity in May from the year before, and 1 Missouri county, and 3 Illinois counties, saw a decline from the month before.  Of the fifteen counties reported, only 3 saw a decline in foreclosure activity in May both from the month before, as well as year before, those being the City of St Louis in Missouri and Jersey and Monroe counties in Illinois.

 

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE Continue reading “St Louis Foreclosure Activity Declines Nearly Ten Percent in May From Year Ago

Home Flipping in St Louis Declines In 1st Quarter From Year Ago

Home flipping accounted for 8.1 percent of all the home sales in the St Louis MSA during the 1st quarter of this year according to a report released today by RealtyTrac.  This is up 20 percent from the prior quarter however is a decline from the first quarter of 2015 when flipped homes accounted for 8.3% of all the homes sold.

Home flipping in St Louis peaked in 2006…

During the first quarter of 2016, over 1 out of every ten home sales (10.7%) in St Louis was a flip, the highest level ever seen in St Louis since RealtyTrac began tracking flips.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend
Want to flip property?  Check out my video on how to buy foreclosures here.
Continue reading “Home Flipping in St Louis Declines In 1st Quarter From Year Ago

St Louis Foreclosures Decline Over Thirty Percent In April From Year Before

St Louis foreclosure activity during the month of April decreased to 1 foreclosure action for every 1,524 homes, a decline of 31.58 percent from April 2015, according to a report just released by RealtyTrac.

 

As the table below illustrates, foreclosure activity during the month of April decreased from the month before, as well as the year before,  in all seven Missouri counties that make up the bulk of the St Louis market.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE

St Louis Foreclosure Activity April 2016

St Louis Foreclosure Activity In January Declines Over Twenty Five Percent From Year Ago

St Louis foreclosure activity in January was at the rate of 1 in every 1,533 households, which is down almost 16 percent from December and down over 25 percent (25.79%) from a year ago, according to the latest data from RealtyTrac.  As the table below shows, the county in the St Louis MSA with the lowest foreclosure rate in January 2016 was Calhoun County Illinois, with no foreclosure activity for the month, and the county with the highest rate was St Clair County Illinois with 1 of every 1,223 housing units having foreclosure activity during the month. St Louis County had the highest foreclosure rate of the Missouri counties within the St Louis MSA, with one in every 1,386 housing units having a foreclosure activity.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE

Continue reading “St Louis Foreclosure Activity In January Declines Over Twenty Five Percent From Year Ago

St Louis Foreclosure Activity During 2015 Tops 2014 By Nearly Forty Percent

During 2015, a total of 10,391 housing units, or 1 out of 118 units, in the St Louis MSA had a foreclosure filing, according to a report just released by RealtyTrac.  This is an increase of 38.29% in foreclosure activity from 2014.

As the table below shows, Jefferson County had the highest rate of foreclosure in 2015 with 1 of every 114 housing units receiving a foreclosure action during the year and Warren County the lowest with just 1 of every 278 housing units receiving a foreclosure filing.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE

Continue reading “St Louis Foreclosure Activity During 2015 Tops 2014 By Nearly Forty Percent

St Louis Foreclosure Activity In November Increased Over 60 Percent From Year Ago

St Louis Foreclosure activity increased in November to 1 foreclosure activity on 1 of every 1,086 housing units in the St Louis MSA, a decrease of 8.06 percent from the month before but an increase of 62.59 percent from November 2014, according to a report just released by RealtyTrac.

 

St Louis 5-County Core Market…

As the table below shows, all of the 5 counties that make up the St Louis core market (St Louis city and the counties of St Louis, St Charles, Jefferson and Franklin), with the exception of Jefferson, saw a decline in foreclosures from October 2015.  However, like the St Louis metro area as a whole, they all had increased activity from the year before with three of the counties (St Louis city and St Louis and St Charles County) seeing a triple digit increase and Jefferson and Franklin double digit increases.

 

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE

Continue reading “St Louis Foreclosure Activity In November Increased Over 60 Percent From Year Ago

St Louis Metro Area Distressed Home Sales Share Of Market Drops By Nearly Half From Year Ago

Distressed home sales in St Louis during the month of October 2015 accounted for about 11.6 percent of all home sales during the month, a decline of about 50 percent from a year ago when St Louis distressed home sales accounted for 23 percent of the all home sales, according to the latest data just released by RealtyTrac.  Distressed home sales would include foreclosures,  REO’s (homes that have been foreclosed upon and now being sold by a bank or other lender) and short sales.

As the table below shows, the St Louis metro area saw a decline in all types of distressed home sales in October from the month before, however some of the counties in the area saw an increase such as the city of St Louis that saw distressed home sales increase from 20.9% in September 2015 to 25.3% in October.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Foreclosures For Sale HERE

Search St Louis Homes For Sale HERE

Continue reading “St Louis Metro Area Distressed Home Sales Share Of Market Drops By Nearly Half From Year Ago