st. louis central corridor report annual review 2012
DESCRIPTION
This report details real estate sales along the "Central Corridor" of St. Louis.TRANSCRIPT
1 0936 Manches ter Roa d, Sain t Louis , MO 63 122 • te lephone: 31 4 .6 77 .6000 • www.STLKW.com
Keller Williams Realty
St. Louis
ST. LOUIS CENTRAL CORRIDOR HOMES REPORT
ANNUAL REVIEW 2012
1 0936 Manches ter Roa d, Sain t Louis , MO 63 122 • te lephone: 31 4 .6 77 .6000 • www.STLKW.com
Keller Williams Realty
St. Louis
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$2,000,000,000
$2,500,000,000
Total Sales Volume
St. Louis Real Estate Market Takes Off in 2012
The Saint Louis metropolitan area real estate market is back!
Our research at Keller Williams
Realty– St. Louis shows that the real
estate market in our community
experienced solid gains in many areas
during 2012. One promising gain is in
Total Sales Volume which was up as
compared to 2011. For the year, in
select “Central Corridor” school
districts, we sold over $1.7B in real
estate. This represents a 16.71%
increase over 2011.
Another improvement we have seen is
in the number of sold units in St. Louis
which has also increased significantly.
For 2012, we are up over 15.33% in this
area. The 6740 homes that have sold
in the Central Corridor represent our
strongest year since 2008.
All data from MARIS and includes information from Brentwood, Central West End, Clayton, Kirkwood,
Ladue, Lafayette, Marquette, Parkway, University City, and Webster Groves school districts. 0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Total Units Sold
1 0936 Manches ter Roa d, Sain t Louis , MO 63 122 • te lephone: 31 4 .6 77 .6000 • www.STLKW.com
Keller Williams Realty
St. Louis
St. Louis Real Estate Market Takes Off in 2012, continued.
In St. Louis, we are experiencing
inventory levels that are similar to those
from 2005. The Months of Inventory
data compares the number of current
buyers to the current active listings in
the Central Corridor. At present, we
have about 6 months of inventory in the
area. The National Association of
Realtors considers this a Balanced
Market.
Average Sale Price is up slightly from
last year at $269,425 (+0.67%). Central
Corridor home prices in St. Louis are
similar to 2002 levels.
Despite a flat Average Sale Price from
2011 to 2012, with low inventory, a
15.33% increase in units sold and
favorable mortgage interest rates, we
can predict that the Average Sale Price
will begin to move in a positive
direction for 2013.
0
1
2
3
4
5
6
7
8
9
10
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Months of Inventory
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average Sale Price
1 0936 Manches ter Roa d, Sain t Louis , MO 63 122 • te lephone: 31 4 .6 77 .6000 • www.STLKW.com
Keller Williams Realty
St. Louis
About KW Luxury Homes International – Saint Louis
At Keller Williams Realty -- St. Louis, we're about more than just real estate. In our experience,
a home isn't a dream home because of its room dimensions. It's about how you feel when you
walk through the front door — and the way you can instantly envision your life unfolding there.
Whether you're buying or selling, our complete focus is on your life and your dreams. We
understand how important it is that you choose the very best real estate professional to guide
you through your real estate transaction – someone who is a trusted expert in St. Louis real
estate and powerful advocate for you throughout the process.
The RealTrends 500 Report recently named Keller Williams Realty --
St. Louis as one of the Top 50 real estate firms in the United States
in terms of Number of Units Sold. In fact, in 2012, we sold nearly
1500 homes totaling in excess of $300,000,000 in value.
For 2012, J.D. Power and Associates has awarded Keller Williams
Realty the distinct honor of "Highest Overall Satisfaction For
Home Buyers and Sellers Among National Full Service Real Estate
Firms."
Total Sales Volume Average Sales Price Days on Market
School District 2012 2011 Change 2012 2011 Change 2012 2011 Change
Brentwood $25,721,313 $30,040,538 -14.38% $146,144 $165,058 -11.46% 114 230 -50%
Central West $86,058,589 $77,303,321 11.33% $185,072 $183,183 1.03% 133 252 -47%
Clayton $136,354,345 $143,679,180 -5.10% $441,276 $477,339 -7.56% 124 166 -25%
Kirkwood $192,955,784 $180,461,591 6.92% $267,994 $281,971 -4.96% 112 138 -19%
Ladue $252,027,917 $207,110,882 21.69% $538,521 $552,296 -2.49% 130 176 -26%
Lafayette $160,305,341 $119,262,484 34.41% $347,734 $356,007 -2.32% 130 148 -12%
Marquette $180,873,997 $140,934,411 28.34% $277,414 $269,473 2.95% 115 180 -36%
Parkway Central $130,269,273 $98,631,635 32.08% $283,194 $250,971 12.84% 112 156 -28%
Parkway North $88,146,126 $72,735,586 21.19% $169,838 $166,063 2.27% 111 126 -12%
Parkway South $100,244,006 $78,455,598 27.77% $194,271 $180,773 7.47% 93 201 -54%
Parkway West $174,589,640 $147,768,778 18.15% $314,010 $326,922 -3.95% 112 165 -32%
University City $92,150,993 $84,296,747 9.32% $185,042 $174,527 6.02% 107 121 -12%
Webster Groves $119,330,086 $115,010,280 3.76% $208,255 $219,485 -5.12% 102 109 -6%