Des Peres Road Sales and Statistics mid-February 2009 report
564 Hickory Ridge Court in Dougherty Ridge is under contract. Originally priced at $375,000, 564 Hickory Ridge, had to reduce it’s price to $275,000 in order to get a contract. This Dougherty Ridge home is quite beautiful inside, but has a rough back yard with a steep grade.
This sale will be a St. Louis short sale.
According to recent data from Zillow.com, “More than one in four St. Louis-area homes sold last year – 27.4 percent – sold at a loss.” If you consider that lenders during the early to mid 2000s were notorious for100% loan to value lending, you can see why so many St. Louis homes are being sold short.
For more information, please visit your St. Louis home guide.
Category : Des Peres, MO &Dougherty Ridge &Moving to/from St. Louis &Real Estate Sales in St. Louis &St. Louis Real Estate Sales Statistics
