Keller Williams Realty St. Louis
ST. LOUIS CENTRAL CORRIDOR HOMES REPORT ANNUAL REVIEW 2012
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com
Keller Williams Realty St. Louis St. Louis Real Estate Market Takes Off in 2012 The Saint Louis metropolitan area real estate market is back!
Our research at Keller Williams
Total Sales Volume
Realty– St. Louis shows that the real estate market in our community
$2,500,000,000
experienced solid gains in many areas
$2,000,000,000
during 2012. One promising gain is in
$1,500,000,000
Total Sales Volume which was up as
$1,000,000,000
compared to 2011. For the year, in select “Central Corridor” school
$500,000,000
districts, we sold over $1.7B in real
$0
estate. This represents a 16.71% increase over 2011.
Total Units Sold 8,000
Another improvement we have seen is in the number of sold units in St. Louis
7,000
which has also increased significantly.
6,000
For 2012, we are up over 15.33% in this
5,000
area. The 6740 homes that have sold
4,000
in the Central Corridor represent our
3,000
strongest year since 2008.
2,000 1,000 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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.
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com
Keller Williams Realty St. Louis St. Louis Real Estate Market Takes Off in 2012, continued. In St. Louis, we are experiencing
Months of Inventory
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.
10 9 8 7 6 5 4 3 2 1 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average Sale Price is up slightly from
Average Sale Price $400,000
last year at $269,425 (+0.67%). Central Corridor home prices in St. Louis are
$350,000
similar to 2002 levels.
$300,000 $250,000
Despite a flat Average Sale Price from
$200,000
2011 to 2012, with low inventory, a
$150,000
15.33% increase in units sold and
$100,000
favorable mortgage interest rates, we
$50,000
can predict that the Average Sale Price
$0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
will begin to move in a positive direction for 2013.
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com
Keller Williams Realty St. Louis School District Brentwood Central West Clayton Kirkwood Ladue Lafayette Marquette Parkway Central Parkway North Parkway South Parkway West University City Webster Groves
Total Sales Volume 2012 2011 Change $25,721,313 $30,040,538 -14.38% $86,058,589 $77,303,321 11.33% $136,354,345 $143,679,180 -5.10% $192,955,784 $180,461,591 6.92% $252,027,917 $207,110,882 21.69% $160,305,341 $119,262,484 34.41% $180,873,997 $140,934,411 28.34% $130,269,273 $98,631,635 32.08% $88,146,126 $72,735,586 21.19% $100,244,006 $78,455,598 27.77% $174,589,640 $147,768,778 18.15% $92,150,993 $84,296,747 9.32% $119,330,086 $115,010,280 3.76%
Average Sales Price 2012 2011 Change $146,144 $165,058 -11.46% $185,072 $183,183 1.03% $441,276 $477,339 -7.56% $267,994 $281,971 -4.96% $538,521 $552,296 -2.49% $347,734 $356,007 -2.32% $277,414 $269,473 2.95% $283,194 $250,971 12.84% $169,838 $166,063 2.27% $194,271 $180,773 7.47% $314,010 $326,922 -3.95% $185,042 $174,527 6.02% $208,255 $219,485 -5.12%
Days on Market 2012 2011 Change 114 230 -50% 133 252 -47% 124 166 -25% 112 138 -19% 130 176 -26% 130 148 -12% 115 180 -36% 112 156 -28% 111 126 -12% 93 201 -54% 112 165 -32% 107 121 -12% 102 109 -6%
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." 10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com