There's no doubt about it, if you're ready to stop renting and make a down payment on your first home or are relocating from a home in Uxbridge Ontario or one in Florida, this is a great time to get a deal on a home in St. Louis, Missouri. The market has experienced the usual summer highs and winter lows over the last five years but prices have been steadily slipping with each year.
The average listing price for a home in St. Louis is currently around $250,000. This is average for homes all the way to Penetanguishene real estate. But the difference is that this buyer's market has a median sales price of only $70,000. It has remained at about that level for the past six months and a year ago was closer to $100,000. But this does not mean perfect conditions for buyers and dismal for sellers. The number of homes on the market has also severely decreased. If you're currently marketing a home you only have the competition of about seven hundred other properties for sale in the city. There were more than five times as many only a year ago.
The most popular sections of the city are outside of the downtown area to the south. The northwest side is also a hot spot for people relocating to the area. The number three most desired location is in the 63116 zip code and is a great area of the city for first time homebuyers. Real estate in this area of the city is only sixty-seven dollars per square foot and homes are mostly of the single-family variety in a number of designs. If you're coming from East Fishkill real estate, you will be accustomed to this type of neighborhood.
For those looking for that perfect downtown waterfront home like you'd get with a Toronto Cityplace condo, there is the 63104 area. In this section of the city you will find everything from posh modern homes perfect for young singles to Victorian inspired real estate with beautiful moldings and manicured lawns. It is possible to pay nearly one million dollars for a home here, but the average listing price is only $225,000.
But nothing beats the southernmost section of the metropolitan area. Even though this is not the center of the city, there are a variety of condo homes as well as standalone properties. If you're coming from a Riverdale Toronto house for sale you will feel quite at home here. It is the perfect combination between city amenities and a great community culture.
Homes in St Louis may be now selling for a great deal, but that only adds to how great of a city this is to live in. Come and visit us in Missouri and you may choose to never leave.
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