St. Louis Mid-County Neighborhood Real Estate Report -- June 2011

A week ago Friday we saw a "For Sale" pop up on our street and now a second one has emerged, so it must be the summer house selling time in our neighborhood again. Ironically both these home were also for sale last spring but neither of them sold then, but this year they have both lowered the price a little bit, and with the improved economy hopefully one of them will sell. I will do my part by listing both of them here on my blog. The first one to pop up for sale is being sold by a tiny realty firm called "Consort Realty" (tied to Consort Homes builders) and is listed at $469,900 after starting last year at $514K and being lowered later to $499K. This is definitely a better starting point since I see the house already has a offer, but unfortunately it is a contingency contract as listed on the CBGundaker site as "Contingent No Kickout".  I have posted a photo above that I clipped out of Google Streetview for the house, since I like that better than the professional house photo on the listing.

The second house that just popped up for sale is a house that goes on sale every year it seems, but it is at its lowest price yet, $357,000 (it was $362K last year.) Every year since we have moved here the lady there puts her house up for sale, but is has never sold. I wonder what she would do if she actually received a good offer? I also noticed on the Gundaker site once you get your list and click on a listing, if you click on the the "Back to Results" link you get a nice URL you can save forever to be a search link, like this one for my neighborhood. I wonder what the people looking at these homes think of the the fenced off giant hole in the ground on the corner. That does not add much curb appeal to the street. I know the overpriced white elephant on the street has not helped from that eyesore being there so close to it.