Neighborhood Real Estate Posting of Spring 2011


Since it has been a while since I commented on the real estate situation in mid St. Louis County, I thought it was time to chime in with my latest thoughts. I notice the house on Lawn and High School in Brentwood is still for sale, and they have dropped the price all the way down to $599K. That may still seem like a lot for a house in that section of Brentwood, (our favorite agent, Mary Cella, has a house for sale for $269K just a couple hundred feet away), but this is a recent teardown that originally sold for over $900K back at the market peak in 2005 before the economy tanked. That is less than 2/3 of what they originally paid for it. Ouch!

In our own neighborhood on the other side of the highway, there are not any interesting homes for sale, but I have been watching the slow deconstruction of a home that sold last year. It was a nice looking painted brick ranch which they have been tearing down in slow pieces, keeping the large, mature trees in place. As of right now the roof is gone, the garage is gone, the hardwood floor is gone and the back wall is gone, but the front and side brick walls are still standing. I am very curious what they are doing and why they did not just knock the whole thing down. In any case I had to grab the Google Street View and Bing Bird's Eye views of the old house that used to stand there, just for posterity (much as I did for our own old house before it was knocked down.) Another older mid-county ranch bites the dust!

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