if you are still having issues, look north of olive in u-city. granted it's not as hip as south city, but the clayton boom is putting insane pressure on u-city prices/demand and it's absolutely rippling over olive, now, into quite safe and very cheap neighborhoods. there's all kinds of pre-war rehabs coming online, as well as deals.urban_dilettante wrote: ↑Apr 19, 2017We've been shopping for a house in the city lately. There doesn't seem to be much available, at least not much in our price range (<$120K) that doesn't need a ton of work. Our agent concurred that March and April--prime listing season--have been pretty sparse.
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^ City needs to hit "rock bottom" so buyers can get deals here again.
On a more serious note, I see at least nationally mortgage apps dropped significantly last week b/c of rise in interest rates.... any folks here currently in the housing market sense any changes in outlook in the local market?
On a more serious note, I see at least nationally mortgage apps dropped significantly last week b/c of rise in interest rates.... any folks here currently in the housing market sense any changes in outlook in the local market?
warwickland wrote: ↑Jul 13, 2017if you are still having issues, look north of olive in u-city. granted it's not as hip as south city, but the clayton boom is putting insane pressure on u-city prices/demand and it's absolutely rippling over olive, now, into quite safe and very cheap neighborhoods. there's all kinds of pre-war rehabs coming online, as well as deals.urban_dilettante wrote: ↑Apr 19, 2017We've been shopping for a house in the city lately. There doesn't seem to be much available, at least not much in our price range (<$120K) that doesn't need a ton of work. Our agent concurred that March and April--prime listing season--have been pretty sparse.
Yep. I'm just a couple of blocks north of Olive, and I got my house (four years ago) for at least 25% less than comparables in The City.
My mother works for a title company and she's been working 50+ hours week all year and said doesn't seem to be slowing down on their end. She does more Clayton, Ladue, Creve Couer areasSTLrainbow wrote: ↑Jul 13, 2017^ City needs to hit "rock bottom" so buyers can get deals here again.
On a more serious note, I see at least nationally mortgage apps dropped significantly last week b/c of rise in interest rates.... any folks here currently in the housing market sense any changes in outlook in the local market?
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Our house in the burbs went under contract on the first day. Multiple offers, all above asking price. It's definitely a seller's market right now.joelo wrote: ↑Jul 13, 2017My mother works for a title company and she's been working 50+ hours week all year and said doesn't seem to be slowing down on their end. She does more Clayton, Ladue, Creve Couer areasSTLrainbow wrote: ↑Jul 13, 2017^ City needs to hit "rock bottom" so buyers can get deals here again.
On a more serious note, I see at least nationally mortgage apps dropped significantly last week b/c of rise in interest rates.... any folks here currently in the housing market sense any changes in outlook in the local market?
At some point will high prices in the Tower Grove area cause buyers to give serious consideration to Dutchtown and Gravois Park?
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^^ thanks, joelo.
I wouldn't exactly call that a scientific study but I think it gives a bit of credence to the logical belief that the escalating housing prices in the neighborhoods around Tower Grove Park are leading to a closer look at those with cheaper housing just beyond.
It's already happening at least to a degree... old neighbors were slowly rehabbing and have now moved into a Dutchtown home after selling their TGS home for good price; in a 2-family rental next to that two guys moved over to Cherokee St. after a rent increase (and another couple bought are buying into Holly Hills after having a baby). I think urbandilletante said he just bought in Dutchtown.debaliviere wrote: ↑Jul 17, 2017
At some point will high prices in the Tower Grove area cause buyers to give serious consideration to Dutchtown and Gravois Park?
I wouldn't exactly call that a scientific study but I think it gives a bit of credence to the logical belief that the escalating housing prices in the neighborhoods around Tower Grove Park are leading to a closer look at those with cheaper housing just beyond.
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^ Yep, we did. And our real estate agent just put one on the market around the corner from us on S. Compton for $180K. He said the turn-out for the first open house was fantastic. I went a half hour before the end and about 15 people came through. Very promising. A couple recently purchased and are renovating the large craftsman-looking house at Meramec and Louisiana. I haven't met them yet, but apparently he's involved in a Dutchtown CID effort. There's also a plan in the works to calm Louisiana and turn it into a safe bike/pedestrian route, essentially from Carondelet Park to Tower Grove Park. Lots of good stuff happening.
(P.S. We really need somebody credible to pick up the vacant 4-family at Meramec and Minnesota. Alderman Spencer was trying to get Jason Deem interested but Deem currently has his hands full with his efforts on Chippewa. So if ya know anybody...)
(P.S. We really need somebody credible to pick up the vacant 4-family at Meramec and Minnesota. Alderman Spencer was trying to get Jason Deem interested but Deem currently has his hands full with his efforts on Chippewa. So if ya know anybody...)
thanks, warwickland. we actually did look at a couple north of olive but ultimately didn't care for them and found one in Dutchtown.warwickland wrote: ↑Jul 13, 2017if you are still having issues, look north of olive in u-city. granted it's not as hip as south city, but the clayton boom is putting insane pressure on u-city prices/demand and it's absolutely rippling over olive, now, into quite safe and very cheap neighborhoods. there's all kinds of pre-war rehabs coming online, as well as deals.
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i moved into my house in u-city in august of last year. at that time there was a vacant house (with broken windows and vines growing all over it) that was later purchased at auction for around 100k, and was rapidly rehabbed over the winter and went on the market for 275k this spring and sold pretty quickly...not sure how long it was on market but less than a month. i'm sure they were holding out for top dollar. in general i've never seen a neighborhood in the st. louis area increase in value so quickly.framer wrote:warwickland wrote: ↑Jul 13, 2017if you are still having issues, look north of olive in u-city. granted it's not as hip as south city, but the clayton boom is putting insane pressure on u-city prices/demand and it's absolutely rippling over olive, now, into quite safe and very cheap neighborhoods. there's all kinds of pre-war rehabs coming online, as well as deals.urban_dilettante wrote: ↑Apr 19, 2017We've been shopping for a house in the city lately. There doesn't seem to be much available, at least not much in our price range (<$120K) that doesn't need a ton of work. Our agent concurred that March and April--prime listing season--have been pretty sparse.
Yep. I'm just a couple of blocks north of Olive, and I got my house (four years ago) for at least 25% less than comparables in The City.
i'm seeing quite a lot of leapfrogging over to carondelet the last 6 months from people ready to buy but priced out of places like TGS. i was looking at some properties over that way but for me it was too far from the central corridor. on the other side of the central corridor there is some rehabbed stuff quietly coming online in pre-war nooks most people wouldnt even think of like vinita park, now, around u-city driven by the housing market and central corridor i guess for the same reason carondelet is getting attention (although with almost no walkable amenities in vinita park, unlike carondelet, like a lot of pre-war northwest county).debaliviere wrote: ↑Jul 17, 2017Our house in the burbs went under contract on the first day. Multiple offers, all above asking price. It's definitely a seller's market right now.joelo wrote: ↑Jul 13, 2017My mother works for a title company and she's been working 50+ hours week all year and said doesn't seem to be slowing down on their end. She does more Clayton, Ladue, Creve Couer areasSTLrainbow wrote: ↑Jul 13, 2017^ City needs to hit "rock bottom" so buyers can get deals here again.
On a more serious note, I see at least nationally mortgage apps dropped significantly last week b/c of rise in interest rates.... any folks here currently in the housing market sense any changes in outlook in the local market?
At some point will high prices in the Tower Grove area cause buyers to give serious consideration to Dutchtown and Gravois Park?
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I keep a close eye on TGS prices, and while they've exploded in the past year or so, in the past few weeks things seem to be cooling just slightly. Nothing major, just some of the homes in TG Heights were priced a bit too aggressively and have been sitting on the market longer than they did a few months ago.
As a TGS resident, I think one of the most important things for our future is building up the neighborhoods just to our South and East like Dutchtown, Bevo and Gravois Park. I think of Grand between Carondelet Park and TG Park as sort of the spine of South City. I say bring on the rehabs, the faster the better!
As a TGS resident, I think one of the most important things for our future is building up the neighborhoods just to our South and East like Dutchtown, Bevo and Gravois Park. I think of Grand between Carondelet Park and TG Park as sort of the spine of South City. I say bring on the rehabs, the faster the better!
I know two first time home buyers that purchase houses in Benton Park (proper) within the last 3 months. There weren't crazy bidding wars, door buster open houses, prices going above asking or anything like that. But the houses they saw hadn't been on the market for very long before they snapped them up.
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Anecdotally, Benton Park seems really hot right now. I don't know if it's spilling into Benton Park West or not.wabash wrote: ↑Jul 18, 2017I know two first time home buyers that purchase houses in Benton Park (proper) within the last 3 months. There weren't crazy bidding wars, door buster open houses, prices going above asking or anything like that. But the houses they saw hadn't been on the market for very long before they snapped them up.
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Agree. The stretch of Grand between about Cherokee and Meramec needs to be stabilized ASAP. In it's current state it's a huge deterrent to the progression of rehab activity south from Tower Grove. Unfortunately the only thing that seems to be happening at the moment is a new dollar store on the old National site (Grand and Chippewa). That large site and the Grand/Gravois intersection are key components to revitalizing Grand, IMO. We're going to lose the building at Grand and Miami (3600 Grand) pretty soon if something doesn't happen. Unfortunately one of the two agents on the "For Sale" sign (which can be seen from Street View) apparently loves gas stations and has brokered deals for them in the past (based on interactions with him on NextSTL) so I won't be surprised when it becomes a Quick Trip.SouthCityJR wrote: ↑Jul 17, 2017I think of Grand between Carondelet Park and TG Park as sort of the spine of South City. I say bring on the rehabs, the faster the better!
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Recent numbers show home sales are booming in the Metro East
http://www.kmov.com/story/35909071/rece ... metro-east
http://www.kmov.com/story/35909071/rece ... metro-east
StlMag - St. Louis home prices continue to climb, bucking national trends
https://www.stlmag.com/news/st-louis-home-prices/
https://www.stlmag.com/news/st-louis-home-prices/
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Not building enough. So many lots in at least somewhat desirable parts of the city not getting built on
The old Macklind Ave Deli is a prime example. Houses in that neighborhood are selling for 350-400k, some even as high as 500k. Yet that land sits vacant to this day.delmar2debaliviere2downtown wrote: ↑Jul 30, 2025Not building enough. So many lots in at least somewhat desirable parts of the city not getting built on
So much infill could happen along Kingshighway, ideally retail with apartments on top.
At least we have been getting some decent infill in TGS.
^ Yep, see that massively in my new home in Dallas where my wife and I are house seeking inside the city itself. A lot of developable land if you start looking.. Been kidding to my wife that we should by the lot and build our own home instead of all the open houses we go to.
However, I also feel their is not really any good infrastructure in place that ties house seekers with home builders on small scale. Understand the economics of Home builders would rather by a large greenfield or sizeable property and turn over lots of homes. Or a local developer wants to build a suite of 6 or 8 or 10 townhomes which is also very common here in Dallas. But it seems like there is a niche real estate market for say a decent size real estate agency to connect with a local builder or two, property owners & market new builds/infills.
However, I also feel their is not really any good infrastructure in place that ties house seekers with home builders on small scale. Understand the economics of Home builders would rather by a large greenfield or sizeable property and turn over lots of homes. Or a local developer wants to build a suite of 6 or 8 or 10 townhomes which is also very common here in Dallas. But it seems like there is a niche real estate market for say a decent size real estate agency to connect with a local builder or two, property owners & market new builds/infills.
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Unfortunately some bad data here and STL isn't bucking national trends as home pricing continue to climb nationally as well (despite more inventory on the market).quincunx wrote: ↑Jul 29, 2025StlMag - St. Louis home prices continue to climb, bucking national trends
https://www.stlmag.com/news/st-louis-home-prices/
https://www.npr.org/2025/07/24/nx-s1-54 ... n-how-come
What the article did wrong was use census data on national new home sales pricing (which did go down as builders have made concessions, etc.) but when including existing homes, prices went up overall. The local data used is for new and existing homes.
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I believe we at least just reduced the minimum lot size for new construction
Plenty of vacant lots and buildings that need rehabbed all over the region next to infrastructure we've already paid for, sigh.
KMOV - Housing market continues to create struggles for home buyers in metro region
https://www.firstalert4.com/2025/10/17/ ... ro-region/
KMOV - Housing market continues to create struggles for home buyers in metro region
https://www.firstalert4.com/2025/10/17/ ... ro-region/