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 in which to live; 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 is 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 foster the innovation and the viability of start-up companies. After work hours, there is a multitude of choices for relaxation and recreation including the Saint Louis Zoo, the St. Louis Art Museum, as well as miles of bicycle trail, golf courses, and urban gardens to explore.

Overview of the St. Louis Real Estate Market

The STL real estate market appears to have stabilized after being impacted by the burst of the housing bubble in 2008. While the median sales price of $71,950 is down 5.9 percent as compared to last year, the average listing price of homes in the STL area is on an upward trend for the first half of 2011. Approximately one-third of the residential properties on the market in Saint Louis can be categorized as distressed, presenting some downward pressure on home values. This effect is mitigated by the vibrant population growth in the area as people relocated for employment opportunities or to retire in a stable community with a variety of activities to enjoy.

Houses 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 real estate market. The neighborhoods of St Louis 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 apartments and condominiums in the 19th and 20th century Chicago School of Architecture and Mission style stucco faced building that characterize the area on Washington Avenue. This area includes the Central West End District.This emerging community is an urban bustle of an eclectic mixture of residential, retail and office spaces. The Lafayette Square neighborhood is a National Historic District known for its Victorian style townhouse and mansions. The active neighborhood association works on restoration projects in the area. The average sales price of homes for sale in this area is $131,077, which represents a 35 percent increase as compared to the previous year. The historic French influenced neighborhood of Soulard is located in southern end of StL and is known for its historic farmers market. Houses for sale in this area have an average-listing price of $200,000, with homes ranging from affordable townhouses to 19th century mansions.

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