St. Louis Lofts Market Trending Upward
I am often asked, ‘Is the market improving?” The answer, “yes, the St. Louis lofts market is trending upward.” While inventories are still lower than last year, we are seeing improvements there as well. Traditionally we see a bit of a slowdown over the holidays with January being a slower month. However, this year, the holiday were anything but slow. We drove right through November and December and into January with a renewed zeal for buyers and sellers wanting to transact real estate.
The economy is improving. There is no doubt that the St. Louis lofts market is trending upward with all signs pointing towards continued growth. Buyers are streaming to the market as sellers offer the properties for sale. This past week, we took 5 new listings downtown and the Central West End. The beautiful properties are all 2 BR 2 BA units ranging in size from 1133 square feet up to 2700+ square feet. These units are in great buildings like the Meridian Lofts, Printers Lofts and the Executive House. More listing appointments are already scheduled this week. Buyers will be pleased with the new listings that will hit the market very soon!
Interest rates at this time remain low. It is predicted that by the end of 2013 we will see them climb back to the 4% range. Now I’ve heard some folks say, “4%!. Wow.” Well, I can remember when mortgage interest rates were 15%. We have to put this all in perspective and remember that these are different times in a new world. It is still a great time to buy and should remain so throughout 2013.
Anyone looking to buy or sell should contact us today. The St. Louis lofts market is trending upward. There are many great properties available today with many more to come very soon. Let us help you in your search for a new home!