St. Louis Central Corridor Real Estate Report

ST. LOUIS CENTRAL CORRIDOR REAL ESTATE REPORT

THIRD QUARTER 2012

Keller Williams Realty -- St. Louis

1 0 9 3 6 M a n c h e s t e r R o a d , S t . L o u i s , M O 6 3 1 2 2 • t e l e p h o n e : 3 1 4 . 6 7 7 . 6 0 0 0 • w w w. S T L K W. c o m

http://www.STLKW.com


St. Louis Real Estate Market Takes Off in 2012

The St. Louis metropolitan area real estate market is back and keeps getting better.

Keller Williams Realty -- St. Louis’

research shows that the real estate

market in St. Louis is experiencing

solid gains in many areas. One

promising gain is in Total Sales

Volume which is up as compared

to last year. To date, in select

“Central Corridor” school districts,

we have sold over $1.2 Billion in

real estate. This represents a 19%

increase in total volume over last

year.

Another improvement we have

seen is in the number of sold units

in St. Louis which has also in-

creased significantly. Year to date,

we are up over 16% in this cate-

gory. The 4093 homes that have

sold in the Central Corridor repre-

sent our strongest “year to date”

numbers since 2007 -- before the

housing bust.

All data from MARIS and includes information from Brentwood, Central West End,

Clayton, Kirkwood, Ladue, Lafayette, Maplewood/Richmond Heights, Marquette,

Parkway, University City, and Webster Groves.



$0

$250,000,000

$500,000,000

$750,000,000

$1,000,000,000

$1,250,000,000

$1,500,000,000

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Total Sales Volume, First 9 Months

0

1000

2000

3000

4000

5000

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Total Units Sold, First 9 Months



St. Louis Real Estate Market Takes Off in 2012, continued.

It is worth noting that in St. Louis we are

experiencing inventory levels that are

similar to those from 2005, before the

housing bust. 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 4.6 months of inventory in the

area. The National Association of Real-

tors considers this a balanced market.

Last quarter, we predicted that Me-

dian Sale Price would begin to

creep up due to low inventory and

a reduction in Days on Market. In

fact, Median Sale Price is up 3.5%

from last year. We are hovering

around $230,000. Interpreting this

data, we note that homes in the

Central Corridor of St. Louis are

priced similarly to 2002 levels.

A 19% improvement in Total Volume Sold, a 16% increase in units sold, and a reduction

in Days on Market points to our prediction that Median Sales Price will continue to

move in a positive direction through the end of the calendar year.



0

1.5

3.0

4.5

6.0

7.5

9.0

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Months of Inventory, 3rd Quarter

$0

$56,000

$112,000

$168,000

$224,000

$280,000

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Median Sales Price



About Keller Williams Realty -- St. Louis

At Keller Williams Realty -- St. Louis, we're about more than just real estate. In our experi-ence, 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.

As part of the Keller Williams Realty, Inc. family, our consultants have a powerful network of associates to help you sell or find your next home. Keller Williams Realty is currently the 2nd largest real estate franchise in the United States, and is on a growth trajectory that will soon place it as the most dominant real estate company in North America – and the world.

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. For 2012, J.D. Power and Associates has awarded us the distinct honor of "Highest Overall Satisfaction For Home Buyers and Sellers Among National Full Service Real Estate Firms."



School DistrictYTD Closed Sales VolumeYTD Closed Sales VolumeYTD Closed Sales Volume YTD Median Sales PriceYTD Median Sales PriceYTD Median Sales Price YTD Days on MarketYTD Days on MarketYTD Days on Market

2011 2012 Change 2011 2012 Change 2011 2012 ChangeBrentwoodCentral WestClaytonKirkwoodLadueLafayetteMaplewood-RHMarquetteParkway CentralParkway NorthParkway SouthParkway WestUniversity CityWebster GrovesTotal or Average

$18,314,068 $14,103,182 -22.99% $204,000 $160,000 -21.57% 69 60 -13.04%$30,415,795 $33,434,379 9.92% $130,200 $115,000 -11.67% 70 58 -17.14%$66,934,550 $63,064,217 -5.78% $551,850 $570,000 3.29% 79 49 -37.97%

$122,528,999 $140,576,893 14.73% $255,000 $248,250 -2.65% 74 78 5.41%$153,520,765 $199,872,194 30.19% $430,000 $486,750 13.20% 66 75 13.64%$93,048,994 $119,242,325 28.15% $345,000 $319,000 -7.54% 96 81 -15.63%$16,542,944 $22,610,685 36.68% $132,500 $134,500 1.51% 50 72 44.00%$98,017,857 $129,429,832 32.05% $270,000 $265,000 -1.85% 77 66 -14.29%$53,609,207 $73,308,002 36.75% $275,000 $292,000 6.18% 57 57 0.00%$42,553,753 $54,195,290 27.36% $189,250 $169,000 -10.70% 57 60 5.26%$57,944,250 $70,720,689 22.05% $185,000 $195,000 5.41% 60 56 -6.67%

$107,395,322 $128,138,267 19.31% $237,500 $247,500 4.21% 65 63 -3.08%$61,367,818 $66,226,061 7.92% $125,150 $170,000 35.84% 62 62 0.00%$87,114,519 $88,275,725 1.33% $189,000 $178,500 -5.56% 61 63 3.28%

$1,009,308,841 $1,203,197,741 19.21% $251,389 $253,607 0.88% 67 64 -4.56%



Documents

St. Louis Central Corridor Real Estate Report