St Louis Real Estate Market – Something for Everyone
The vibrant and dynamic St. Louis real estate market offers something for everyone. StL consistently ranks near the top in several categories, including one of the most affordable cities to live in; one of the best cities not only for young professionals, but also for retirees; and one of the most family-friendly communities in the nation. St. Louis is home to several Fortune 500 companies in sectors including medical sciences, information technology, and manufacturing. For those interested in starting their own business, St. Louis has small business incubators that encourage innovation and the viability of start-ups. After work hours, there are a multitude of options for relaxation and recreation, including the Saint Louis Zoo, the St. Louis Museum of Art, as well as miles of bike paths, golf courses, and urban gardens for explore.
Overview of the St. Louis Real Estate Market
The STL real estate market appears to have stabilized after being hit by the bursting of the housing bubble in 2008. While the median sales price of $71,950 is down 5.9 percent compared to last year, the listing price STL area home median is on an uptrend through the first half of 2011. Approximately one-third of the residential properties on the Saint Louis market can be classified as distressed, putting some downward pressure on the STL area. home values. This effect is mitigated by the area’s vibrant population growth as people relocate for employment opportunities or to retire to a stable community with a variety of activities to enjoy.
Homes for Sale in the Neighborhoods of the St. Louis Real Estate Market
No matter what lifestyle one seeks, it is possible to find houses for sale in the Stl. St Louis neighborhoods provide a sense of community and belonging for which the area is known.
The historic West End Loft District is listed on the National Register of Historic Places and offers its residents and condominiums the 19th and 20th century Chicago School of Architecture and the Mission-style stucco-fronted building that characterizes the area in Washington Ave. This area includes the West End Central District. This emerging community is an urban bustle of an eclectic mix of residential, commercial and office spaces. The Lafayette Square neighborhood is a National Historic District known for its Victorian-style homes and mansions. The active neighborhood association works on restoration projects in the area. The median sales price of homes for sale in this area is $131,077, which represents an increase of 35 percent compared to the previous year. The historic French-influenced neighborhood of Soulard is located at the southern end of StL and is known for its historic farmers’ market. Homes for sale in this area have a median listing price of $200,000, with homes ranging from affordable townhouses to 19th-century mansions.
