The Ladue area continues to be in demand with its top-ranked public and private schools and ease of access to our region. The number of transactions for the year is up 31% for the first 3 quarters of 2012 compared to the same period in 2011.
Average home sold prices appear stable and are virtually the same comparing the first 3 quarters in 2011 and 2012, although there has been particular success in the upper price brackets this year:
*Single Family Homes in Ladue School Area $300,000+YEAR-TO-DATE # OF TRANSACTIONS $ PER SQFT AVG. $ DAYS ON MARKET 2012 235 $211 $798,918 141 2011 180 $208 $794,224 152 +31% +1% +.006% -.07%
*Covers 8 municipalities including the City of Ladue, MO as well as portions of Creve Coeur, Frontenac, Richmond Heights, Olivette, Kirkwood & Crystal Lake
We are heading in the right direction. I hope this foreshadows good things to come in the real estate market in the New Year! Unit volume is a leading indicator and price should be expected to follow. For now, even stable prices are a cause for celebration (and decision-making!!!).
If you have questions about a particular area, neighborhood, or property, please feel free to contact me for additional information.
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About this Column: The market data was pulled from the Mid America Regional Information System. All information is deemed reliable but not guaranteed.