Where Are Homes Selling The Quickest In St Louis?

By , on April 9th, 2015

The St Louis real estate market has definitely heated up and we are seeing as many as 10 or 20 showings on new listings within the first day or two of hitting the market with many of the homes also selling during the first couple of days. Naturally, this is not happening for all homes in all price ranges in all areas, but is certainly happening in some. So where are homes selling the quickest in St Louis? To answer this question, I pulled market data for homes that are currently under contract but have not closed, then looked at how much time they were on the market before selling and have the results below. Continue Reading →

The Fastest Selling Neighborhoods in St Louis

By , on October 13th, 2014

The fastest selling neighborhoods in St Louis are found in St Louis county with the bulk of them in West St Louis County and the exceptions in Mid-County, according to the latest data available from MORE, REALTORS. As the table below shows, the fastest selling neighborhood in St Louis as of today is Rock Hill where homes on the market have been for sale an average of 41 days.

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Search ALL Homes For Sale in St Louis Find ALL Homes For Sale That Continue Reading →

Where Are St Louis’ Fastest-Selling Neighborhoods?

By , on March 21st, 2014

St Louis’ fastest-selling neighborhoods today can be found throughout the St Louis area, however, as the list of the 15 fastest selling neighborhoods below shows, the lions share are found within St Louis County. Ten of the neighborhoods are within St Louis County and then primarily mid-county and west county, then 3 can be found in St Charles county and then finally 1 in Franklin county and 1 in the city of St. Louis.

Beneath the list you will find a slideshow of the homes currently available in St Louis’ Fastest-Selling Neighborhoods. Better move quick, before Continue Reading →

St Louis’ Top Ten Neighborhoods For Home Price Increases

By , on January 9th, 2014

Where in St Louis are home prices rising the fastest? As the St Louis real estate market settles into what appears to be a sustainable recovery, home prices are on the rise in most St. Louis neighborhoods. The table below shows the 10 St Louis neighborhoods where home prices have increased the most over the past year. Keep in mind, this data is based upon the asking price of homes for sale and does not necessarily indicate an increase in the property values of all homes in the areas shown, however, in general, if the prices of homes for sale Continue Reading →

St Louis Neighborhoods Where Homes Are Selling Fast

By , on November 19th, 2013

All 10 of the St Louis neighborhoods where homes are selling the quickest are found in St. Louis County, according to the latest data available from MORE, REALTORS. As the table below shows, the 63040 zip in Grover has the lowest median time homes for sale have been on the market at just 35 days.

The chart below the table shows the number of homes that were sold during October 2013 in each of these zip codes that made the top ten list for fastest selling St Louis neighborhoods. Ballwin saw the most home sales with almost 70 in the Continue Reading →

Top 15 Sellers Markets In St Louis

By , on October 16th, 2013

Thirteen of the 15 top sellers markets in St. Louis are found in St. Louis County, with the City of St Louis and Franklin County each having one neighborhood on the list. This list is produced by MORE, REALTORS, and is based upon their Market Action IndexTM which, among other things, looks at supply, demand and inventory for an area and then applies an index value to it.

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The 12 Fastest Selling St. Louis Neighborhoods

By , on September 16th, 2013

Eleven of the 12 fastest selling St. Louis neighborhoods are found in St. Louis County with the lone exception, which also happens to be #1 on the list, found in the city of St. Louis, according to the latest data available from MORE, REALTORS.

The fastest selling neighborhoods list is ranked based upon the median time current listings have been on the market. At the top of the list, with a median time on market of 25 days, is the 63101 zip area of the city of St Louis, followed by the 63040 zip area in Grover at 29 days. Continue Reading →

What are St Louis’ Fastest Selling Neighborhoods?

By , on August 5th, 2013

St Louis’ Fastest Selling Neighborhoods can be found primarily in the West St Louis County area but, as the table below shows, most areas of the St Louis area have at least some representation on the list. For the purposes of this table, I look at the median days on market of the current homes listed for sale with the logic that, if the median time on the market is very low for listings, then homes must be selling fast or the neighborhood has the most impatient sellers in town who are giving up and canceling their listing within Continue Reading →

St Louis’ Hottest Real Estate Markets

By , on July 27th, 2013

It’s becoming pretty well known that the housing market is improving and, given the fact that real estate is VERY local, some markets are naturally performing better. So, with this in mind, where are St Louis’ hottest real estate markets? Well, as of today, according to the Market Action IndexTM by MORE, REALTORS, the hottest St Louis market today is the 63131 zip code area of Des Peres which has a Market Action Index (MAI) of 53 today (the table below is real-time so, depending on the date you are reading this, it could be different.

An index of “30” Continue Reading →

Ten Fastest Selling Areas In St Louis

By , on May 24th, 2013

The fastest selling areas in St. Louis in April included 7 areas in St Louis County, 2 areas in St Charles County and 1 in the City of St. Louis, according to the latest data from MORE, REALTORS. At the top of the list of the ten fastest selling areas in St Louis is the 63121 zip code, comprised primarily of the city of Normandy in St Louis County where the median time on the market of homes sold in April was under three weeks.

[wpsharely id=”5779″]Would you like to SELL your home FAST Too? Click HERE for my free Continue Reading →

St Louis Population Continues To Shift West

By , on May 22nd, 2013

St Louis did not make the list of the 15 fastest growing large cities just released by the U.S. Census Bureau and, in fact, no city in Missouri made the list. The list was based upon the 2012 population estimates just released (literally about 1 minute ago) which showed, from 2011 – 2012, the State of Missouri barely had any population growth (0.22 percent). In the St Louis area, as the table below shows which compares the 2010 population for cities and counties throughout the St Louis area to the 2011 and newly released 2012 estimates, the St Louis population Continue Reading →

St. Louis homes taking less time to sell; inventory low in many areas

By , on September 7th, 2012

This week the National Association of REALTORS (NAR) published a report which showed selling a home was taking less time with the median time a home for sale dropping in July to 69 days, down over 29 percent from a year ago when the median time on the market was 98 days. St. Louis homes are taking less time to sell as well and, as you can see from the tables below I prepared, many St Louis areas have a lower median time on the market for homes for sale than the national median. The inventory of St. Louis homes for sale is dropping as well…does this impact price? Read on.. Continue Reading →

Report shows For Every Two Homes Available for Sale, There Is One in the "Shadow"

By , on March 21st, 2012

st-louis-realtor-dennis-norman-shadow-inventory-corelogicA report released this morning by CoreLogic shows that the current residential “shadow” inventory as of January 2012 was 1.6 million units, equivalent to a 6-months’ supply, and approximately the same level last reported in October 2011. The shadow inventory is down from a year ago though, when it was at 1.8 million units, or an 8-months’ supply. Currently, the flow of new seriously delinquent (90 days or more) loans into the shadow inventory has been offset by the roughly equal flow of distressed sales (short and real estate owned), according to the report. “Almost half of the shadow inventory is not yet in the foreclosure process,” said Mark Fleming, chief economist for CoreLogic. “Shadow inventory also remains concentrated in states impacted by sharp price declines and states with long foreclosure timelines.” Continue Reading →

How To Use The Internet To Perform Due Diligence On Real Property

By , on October 5th, 2011

As far as I’m concerned, the Internet is one of the greatest inventions of all time, and ranks right up there with flush toilets, sliced bread and basketball! For real estate investors, the Internet is the single best property due diligence research tool available. Especially for investors who are located in counties where property tax rolls are online. Continue Reading →

St. Charles County Association of REALTORS(R) Presidents’ view of the market – Part 1

By , on July 21st, 2009

Dennis Norman

By: Dennis Norman

According to the website for the Economic Development Center for St. Charles County, the county was established October 1, 1812. St. Charles County encompasses 561-square-miles of diverse landscape spreading out westward from the confluence of the Mississippi and Missouri Rivers.

According to the Census Bureau, in 1970 the population of St. Charles county was 92,954. By 2008 the population had grown to 349,307, an increase of over 275% in that 38 year period. During the same period St. Louis County had a modest increase in population of just over 4% growing from 951,671 Continue Reading →

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