I know that our blog is about St. Louis and real estate but couldn't resist sharing photos from our recent trip to Ft Myers and Sanibel Island Florida. We have a second home there and my dad lives there. We try to visit as often as we can which turns out to be four or five times per year. What a hardship to have to visit such a beautiful place! You do what you have to do :)
I recently received the newest issue of the Chesterfield Citizen and was reviewing all of the activities that the city of Chesterfield has planned for the summer. Wow!
The activities include National Trails Day, the summer concert series, a 4th of July fireworks celebration, and free movies on the Plaza. The Family Aquatic Center has tons of activities of it's own including swim team, swim lessons, river walk club, pool parties and a K-9 Splash for the canine friends. There are youth sports organizations for baseball, softball, soccer and football, adult softball leagues and track and field events. Chesterfield Arts offers a full calendar of events including dance and art. There are also parks that are scattered around the city many of which have play equipment for kids. Overall, this city is maturing and growing by leaps and bounds. The quality of the programs is outstanding. Chesterfield residents should be proud of their city and take advantage of all that it has to offer! For more information and details, check out http://www.chesterfield.mo.us/site/includes/main/citizen.jsp
Late last night, we returned from a trip out of town for spring break. Actually, we went to Florida to visit my dad but got caught up in all the spring break madness at the airport, restaurants, the beach... everywhere!! Anyway, our routine flight back to St. Louis was delayed 2 hours due to mechanical difficulty in St. Louis where the plane originated. The only good thing about the delay was being able to get caught up on two contracts that we were working and getting to answer about 40 emails and voicemails. Getting away for a week is wonderful which we all need for our sanity! The problem is that when you get home, especially at this time of the year, tons of work is waiting. The clients willing to wait until you get home to list are ready THIS MORNING. The suitcases aren't even unpacked yet but off to the office we go. Luckily, our office is in our home, but nevertheless, it is time to crank up the computers and get to work. Thank goodness there are clients ready to list this morning!!
I am so touched by some of the stories that NBC's Nightly News is presenting on it's evening newscasts. They are focusing on those of us who are "Making a Difference" in the lives of others during these rough economic times. This link leads to a video that describes what a local car dealer did to make a difference in St. Louis. http://www.msnbc.msn.com/id/21134540/vp/29744260#29744260 I would love to hear stories from everyone about people who are making a difference in your community. Please share yours!
In doing some research, I identified data that shows foreclosure rates for each zip code in the Chesterfield, MO area. Chesterfield has 2 different zip codes so the information is separate for each zip code.
For 63005:
The population is 18, 293.
The number of households is 6110
The median income is $172,424
The average home value is $559,626.
Foreclosure rates have been on the increase. In 2005, there was less than 1 foreclosure per 1000 households-only 4 for the whole year. In 2006, there were 9 for the year. In 2007 there were 20 foreclosures. In 2008, through the third quarter, there were 43.
For 63017:
The population is 45,252.
The number of households is 16,572
The median income is $105,916
The average home value is $362,348.
Foreclosure rates have been on the increase. In 2005, there was less than 1 foreclosure per 1000 households-only 6 for the whole year. In 2006, there were 28 for the year. In 2007 there were 35 foreclosures. In 2008, through the third quarter, there were 58.
We are still not out of the woods yet. Many of those who have been able to hold on to their homes have taken a hit financially in other arenas while continuing to try to pay the mortgage. Some of these families will declare bankruptcy from this financial stress. That may lead to more foreclosures. The other factor continuing to haunt the economy is the number of subprime adjustable rate mortgages that are still due to reset in the year 2009. Job losses across many segments of the economy continue to contribute to the problem. Where will it all end???
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