Florissant, Mo.
Detroit, Michigan
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Current price: $260,000
Peak sale price: $435,665 (Feb. 2005)
Beds/baths: 4/3.5
Square feet: 4,036

Until recently, smaller homes were pretty much the only real estate selling in the greater St Louis area, according to real estate agent Lucinda Seymour.

Now, she said, "There are buyers at all price points. Buyers are finally feeling more optimistic."

Demand for homes like this one has picked up, she said.

Located in a residential community just 20 miles south of St. Louis, the four-bedroom home has a huge great room with a fireplace and floor-to-ceiling windows looking out onto a community lake. The big kitchen boasts a center island, double-oven and breakfast room.

The home is being sold in a short sale, however. And it's being sold 'as-is," meaning the current owner won't be making any repairs for the buyers.

For further information: Trulia


By Les Christie @CNNMoney - Last updated July 11 2012: 3:55 PM ET
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