St Louis Investment Property Opportunities
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St Louis like many markets has been battered by falling home prices for more than two years, St. Louis has seen sales rise for several months aided by the first time home buyers tax incentive. But most of Missouri, including St. Louis, which accounts for 4 of every 10 home sales in the state, depends strongly on employment in manufacturing and retail sales, two of the harshest hit sectors in the ailing economy.
The major driving force of improving home sales in St. Louis have been lower priced foreclosure properties, having their prices slashed by bankers eager to sell off the excessive inventory before more foreclosures hit the market.
Understanding the proper acquisition prices is critical to making money in St Louis. Focusing on investment property that has immediate positive cash flow is critical, avoid speculation and deal with investment groups with proven systems in place and you will make money in the St Louis market.
St Louis Statistics
| Month | SFH+Condo Inventory |
25th Percentile |
Median | 75th Percentile |
|---|---|---|---|---|
| Oct 2010 | 17,218 | $99,100 | $156,225 | $242,600 |
| Sep 2010 | 17,831 | $99,838 | $158,075 | $246,839 |
| Aug 2010 | 18,071 | $99,900 | $159,160 | $249,540 |
| Jul 2010 | 18,168 | $99,900 | $159,900 | $251,448 |
| Jun 2010 | 17,816 | $99,975 | $160,800 | $257,448 |
| May 2010 | 17,732 | $104,140 | $162,810 | $258,420 |
| Apr 2010 | 17,784 | $105,350 | $161,569 | $251,225 |
| Mar 2010 | 16,372 | $100,960 | $159,900 | $249,960 |
| Feb 2010 | 14,920 | $98,275 | $158,563 | $249,973 |
| Jan 2010 | 13,927 | $96,350 | $157,000 | $253,450 |
| Dec 2009 | 14,662 | $97,975 | $159,325 | $259,300 |
| Nov 2009 | 15,332 | $100,540 | $162,540 | $266,680 |
| Oct 2009 | 16,124 | $104,300 | $165,603 | $270,650 |
| Sep 2009 | 15,888 | $104,925 | $165,778 | $269,900 |
| Aug 2009 | 15,926 | $106,460 | $167,380 | $271,900 |
| Jul 2009 | 15,978 | $109,900 | $169,900 | $274,973 |
| Jun 2009 | 16,103 | $109,900 | $170,702 | $278,271 |
| May 2009 | 15,956 | $109,200 | $171,800 | $278,600 |
| Apr 2009 | 15,664 | $106,125 | $169,600 | $272,457 |
| Mar 2009 | 15,157 | $102,339 | $165,440 | $265,426 |
| Feb 2009 | 14,508 | $99,800 | $162,425 | $259,425 |
| Jan 2009 | 14,736 | $99,565 | $160,711 | $258,310 |
| Dec 2008 | 15,497 | $99,678 | $162,110 | $258,846 |
| Nov 2008 | 16,823 | $99,787 | $163,463 | $259,364 |
| Oct 2008 | 17,787 | $99,900 | $164,862 | $259,900 |
| Sep 2008 | 18,323 | $101,680 | $164,960 | $259,900 |
| Aug 2008 | 18,713 | $104,950 | $168,825 | $262,924 |
| Jul 2008 | 18,912 | $107,475 | $169,900 | $267,040 |
| Jun 2008 | 19,140 | $109,096 | $170,120 | $268,885 |
| May 2008 | 18,968 | $109,900 | $172,913 | $269,900 |
| Apr 2008 | 18,387 | $109,675 | $173,519 | $269,925 |
| Mar 2008 | 17,531 | $104,380 | $169,720 | $267,610 |
| Feb 2008 | 16,993 | $99,925 | $166,087 | $264,335 |
| Jan 2008 | 16,362 | $99,900 | $164,925 | $263,820 |
| Dec 2007 | 17,881 | $101,520 | $165,500 | $264,900 |
| Nov 2007 | 19,355 | $107,475 | $169,420 | $265,501 |
| Oct 2007 | 20,023 | $109,820 | $169,900 | $267,503 |
| Sep 2007 | 19,979 | $109,925 | $170,824 | $269,325 |
| Aug 2007 | 20,133 | $111,750 | $174,150 | $269,800 |
| Jul 2007 | 20,025 | $114,900 | $174,920 | $272,957 |
| Jun 2007 | 19,665 | $114,900 | $175,925 | $274,200 |
| May 2007 | 18,936 | $114,975 | $179,600 | $274,950 |
| Apr 2007 | 17,784 | $114,960 | $179,720 | $276,081 |
| Mar 2007 | 16,172 | $114,425 | $178,412 | $274,700 |
| Feb 2007 | 15,201 | $111,350 | $174,950 | $271,967 |
| Jan 2007 | 14,557 | $109,960 | $174,900 | $269,390 |
| Dec 2006 | 15,629 | $113,125 | $174,900 | $269,794 |
| Nov 2006 | 16,881 | $115,350 | $179,110 | $270,472 |
| Oct 2006 | 17,173 | $118,600 | $180,978 | $274,960 |
| Sep 2006 | 16,789 | $119,800 | $181,075 | $275,000 |
| Aug 2006 | 16,700 | $119,800 | $179,950 | $274,950 |
| Jul 2006 | 16,570 | $119,560 | $182,260 | $275,358 |
| Jun 2006 | 16,136 | $119,575 | $184,450 | $279,173 |
| May 2006 | 15,598 | $118,560 | $184,740 | $279,939 |
| Apr 2006 | 14,773 | $115,566 | $180,947 | $275,496 |