Friday 9/23/22 Listing Updates

Friday, September 23rd, 2022

The Latest From Gladys Manion

NEW LISTING

61 Portland Drive
Frontenac
4 Beds | 3 Full, 2 Half Baths | $1,875,000

Open Sunday 9/25/2022, 11 am - 1 pm

Listed By
Alyssa Suntrup 314-359-3568

7915 Delmar Boulevard
University City
3 Beds | 1 Full, 1 Half Baths | $405,000

Open Sunday 9/25/2022, 12:30 - 2 pm

Listed By
Carol Butler 314-630-3165
Juli-Ann Felsher 314-303-3232

8136 Cornell Court
University City
3 Beds | 2 Full Baths | $375,000

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August Market Update

Tuesday, September 13th, 2022

๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | Year over Year Change
Central Corridor
ย 
Average Sale Price $575,823 | +2.8%%
Average Price per/Sqft. $253 | +3.3%
Homes Sold 209 | -19%
Average % of List Price Paid 100.1% | -0.6%
Average Days on Market 25 | -16.7%
Months Supply of Inventory 1.8 | -21.7%
Active Listings 41 | -28.8%
ย 
"Mortgage rates continue to escalate, moving closer to 6%. According to Freddie Mac, the 30-year fixed mortgage rate rose to 5.89%, surpassing their recent high in mid-June. As a result, the monthly mortgage payment is about 60% higher compared to last year. While borrowing costs have increased faster than peopleโ€™s wages, buyers currently need to spend 10% more of their budget for their mortgage payment if they want to buy the median-priced home....Nevertheless, home prices continue to rise as inventory remains tight." - NAR
ย 
Gladys Manion Real Estate
#Since1936 #GladysManion #STLRealtor #LuxuryRealEstate #STLRealEstate #StLouis #STLRealtor #SellingSTL #StLouisLuxury #StLouisRealtor #Clayton #LuxuryEstate #Ladue #TownandCountry #Brentwood #Kirkwood #RichmondHeights #Chesterfield #Frontenac #CWE #WebsterGroves #STLHomes #SaintLouisRealEstate #SaintLouisRealtor #MoveToStLouis #STLCity

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