Property Values

(via Flickr/_J_D_R)

St. Charles County residents will be receiving their property value assessments next month, preliminary numbers show that overall residential values have slid downward over the past two years.

County Assessor Scott Shipman says in general, residential property values are down about 4 percent.

He says foreclosures and new developments that were left vacant during the recession are largely to blame for the overall decline.  

J_D_R / Flickr

The median residential property value in St. Louis County declined 7 percent over the past two years, according to preliminary numbers released this afternoon.

St. Louis County Assessor Jake Zimmerman says the numbers show that property values in wealthier areas held steady or only had slight declines, but areas with clusters of foreclosures saw the median property value drop by 12 percent.

(A full chart of how different areas compared is below)