Apr 17, 2014
The St. Louis luxury home market is thriving. Sales of these homes steadily declined following the 2008 recession but have since seen a significant increase. St. Louis County has recorded the highest number of luxury home sales in the past five years, with St. Charles County also experiencing an uptick. Demand for these homes has been simultaneously met with an increase in sale prices. The average sales price in Ladue for example jumped 37%. This is not a price increase for individual homes but an average sales price increase which indicates the higher priced homes are selling at a much faster rate.
Gladys Manion Real Estate is the leader in St. Louis luxury residential real estate with a long history of the highest average sales price in the entire St. Louis Metropolitan Area.
According to a recent article published by the St. Louis Post-Dispatch in late March, the median sale price for luxury residential real estate rose to $1.35 million from $1.29 million between 2010 and 2013. Our team of brokers is very encouraged by this recent report on the state of the market. It confirms that St. Louis and the surrounding area are thriving, continuing to make this an attractive community.
Browse current listings of luxury St. Louis homes available through Gladys Manion today, and contact one of our real estate brokers for additional information on St. Louis neighborhoods, school districts, lifestyle, and more.
Gladys Manion Realtors can be reached by phone at 314.721.4755, or by email.