In red hot St. Louis real estate market, even tax delinquent properties are being scooped up | Local Business

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“You can push a dog house out in the middle of the block right now and you’ll have a bidding war and close in two days,” he said.

Interest in the city’s delinquent property tax sales already had hit unprecedented levels last year, he said, even before COVID-19 vaccinations and a stable economy. St. Louis Sheriff Vernon Betts’ office, which usually conducts the sales in the Civil Courts building, held them outside last year because of the pandemic. Prices went “sky-high,” Sweet said.

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“We had hundreds of people, record numbers of people sign up to bid in the tax sale, more than would have ever fit in the courthouse lobby or the ceremonial courtroom,” Sweet said of the 2020 tax sales.

Gregg…

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