Lofts In The 'Lou
Welcome to the "Lofts in the 'Lou", an interactive St Louis Lofts site unleashed on the City of St. Louis to make public the beauty, excitement, and news surrounding the urban renaissance in St. Louis.
Monday, August 29, 2022
Monday, November 01, 2021
Dicing Up Downtown
Dicing
Up
Downtown
Weigh In......
Tuesday, September 28, 2021
Urban Open House!
Tuesday, July 20, 2021
We Need An Outsider....
Thanks to Time Magazine, for being able to see Downtown St. Louis and the many tremendous improvements as reason for inclusion as one of the Worlds Greatest 100 Places!
While I'm still anxious to see the traffic control barricades taken out of downtown, I still get excited about the changes we've enjoyed in downtown St. Louis.
It took an outsider to help me see the beauty in our urban core too. I remember sitting in an office and meeting someone who moved to St. Louis from Florida. I remember thinking, "why would someone do THAT?". Typical suburbanite. I'm glad I asked, because they had an answer, and it wasn't the standard. Many times the answer is, "I met a girl from here... or my job moved me here. Just the fact that she had an answer should have impressed me, because she knew more about my own city than I did. It wasn't until that experience that I believed someone would want to live in the city. It just hadn't occurred to me.
I'm excited about the things the folks at Time mentioned and more. The website, St. Louis is a World-Class City has more to say. The Time article mentioned Brickline Greenway, which is still mostly in the works, but the work being done to expand trails in and around St. Louis is one of the most exciting things. Interestingly thought, when I talk to many St. Louisan's, they aren't aware of the plans in the works to create trails from Downtown to Forest Park, and Forest Park to River des Peres, Clayton, U-City, Creve Coeur and even St. Charles County. These are plans that have been going since 2000, and momentum has been increasing every year.
The past year has been a seller's market in many areas of St. Louis real estate, which I'm beginning to like because its in seller's markets when the boundaries of "the good areas" get pushed outward; developers and buyer's start investing in areas that they wouldn't take on during more buyer-friendly markets. Downtown's largest resurgence; from 2001-2008, took place in a seller's market, and residential redevelopment was the primary cause. Currently downtown remains one of the few areas that isn't as much of a seller's market, but that won't be the case for long. With all the great things being done in and around downtown, even St. Louisan's will find out.
Wednesday, May 19, 2021
Under Contract: Terra Cotta Lofts #905
Terra Cotta #905 Coming Soon!
As you walk in the door, Terra Cotta Lofts #905 has a view of the downtown skyline that's unbelievable! This 2 bedroom 2 bath loft has a great layout with two large bedrooms, a huge master bath, and a spacious walk in closet off the 2nd bedroom.
Located at 15th and Locust, the Terra Cotta is a short walk to Washington Avenue, City Museum, cafe's, clubs and entertainment, parks and even the new Soccer Complex! The building has an amazing rooftop deck with views to the North, South and East, plus a new club room on the 2nd floor!
This Downtown loft is priced to sell at $179,900!
Friday, April 16, 2021
With the sale and consideration of what to do with the largest undeveloped properties downtown, I have to admit that I don't know. I think about large scale entertainment, like City Museum, the Foundry or Ballpark Village. I think about housing, I think of business. In every sector, the current need has already been met. What new plan can be developed to use such a large property?
Downtown Lofts HAVE to look good!
Wednesday, January 01, 2020
2019 SURGE in Downtown Sales!
Happy New Year!
The year and decade ending yesterday was a fascinating year for downtown St. Louis residential real estate. I couldn't help but compare it to the ending of the prior decade in 2009. I'll never forget 2009, because, as a loft owner and Realtor, I was experiencing shock. Prices began to level off in 2006-7, and were flat. The stock market crashed in fall of 2008, and prices started falling. So did the number of sales. We had 28 lofts listed for sale the day the stock market crashed, buyer's dried up like ice cubes in Arizona, and seller's didnt' seem to be aware that our countries real estate market was in the midst of a dive. They wanted answers that we didn't have. 2009 felt like the end of the end, but in retrospect, prices started falling more drastically as the year went on, and continued a bigger slide the following years. 2009 wasn't as bad as we thought.
Fast forward a decade, prices have never climbed like they did in the years prior to the recession. Buyer's considering the downtown market view it as an affordable place to own a great, modern urban residence. Some of the challenges that started in the great recession are resolving themselves, and things are continuing to move forward. In 2019, the biggest game changer was the mass sale of units in the Packard Lofts, changing it from a mostly rental building, to an almost 100% owner occupied, warrantable building. The only drawback to such a fast turn around, like the Dorsa FDIC sale of 2011, was that the market was essentially flooded with below market lofts. The opposite strategy was employed at the Syndicate, which also sold out last year, while maintaining an above average price per square foot. Anything that adds more homeowners to the neighborhood is a good thing, and that's a huge win for 2019!
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What factors may have led to a surge in Downtown Sales in 2019? 🙄🤔 |
In 2019, there were 160 downtown loft sales according to the MLS, the highest number of sales in a year since 2007(182 sales) ! Another exciting statistic was the lowest average days on market of 95 days. While downtown, and condos in general have always lagged substantially behind the overall real estate market, the downtown market DOM average usually hoovers closer to 200 days, than 100. Having more sales, faster, is a nice change of pace!
2019 wasn't the year of the big loft. Out of so many sales, there were only 4 penthouses sold, and overall size range was about 200 sq ft lower than average (1317 sq ft). When out showing lofts this year, we encountered more singles and almost no couples.
The Downtown market continues to move forward with another year in the books, and many great new reasons to enjoy our downtown on the horizon!
Here are the 2019 Loft sales downtown!
Elder Shirt Lofts 703 North 13th Street
10/24/2019 | Unit#502 | 8 | $385,000.00 | 3 | 2 (2 0) | 2,545 |
04/12/2019 | Unit #404 | 6 | $201,000.00 | 2 | 2 (2 0) | 1,970 |
03/07/2019 | Unit #302 | 0 | $225,000.00 | 1 | 2 (2 0) | 2,439 |
12/30/2019 | Unit #401 | 572 | $155,000.00 | 1 | 2 (2 0) | 1,804 |
03/15/2019 | Unit #205 | 0 | $145,000.00 | 2 | 2 (2 0) | 1,404 |
02/26/2019 | Unit #202 | 39 | $235,000.00 | 2 | 2 (2 0) | 2,439 |
Packard Lofts 2201 Locust St.
04/19/2019 | Unit #412 | 0 | $95,000.00 | 1 | 1 (1 0) | 985 |
06/20/2019 | Unit #411 | 0 | $88,500.00 | 1 | 1 (1 0) | 900 |
06/18/2019 | Unit #407 | 0 | $116,000.00 | 2 | 2 (2 0) | 1,160 |
04/26/2019 | Unit #308 | 85 | $114,500.00 | 2 | 2 (2 0) | 1,140 |
06/28/2019 | Unit #307 | 0 | $113,500.00 | 2 | 2 (2 0) | 1,160 |
06/07/2019 | Unit #207 | 36 | $116,000.00 | 2 | 2 (2 0) | 1,160 |
02/20/2019 | Unit #205 | 23 | $118,000.00 | 2 | 2 (2 0) | 1,230 |
04/04/2019 | Unit #204 | 5 | $78,000.00 | 1 | 1 (1 0) | 765 |
06/07/2019 | Unit #202 | 0 | $121,000.00 | 2 | 1 (1 0) | 1,220 |
01/17/2019 | Unit #201 | 68 | $117,000.00 | 2 | 1 (1 0) | 1,180 |
05/03/2019 | Unit #304 | 0 | $75,000.00 | 1 | 1 (1 0) | 765 |
07/01/2019 | Unit #309 | 18 | $145,000.00 | 2 | 2 (2 0) | 1,400 |
Blu City Spaces 210 N 17th Street
08/21/2019 | Unit #302 | 35 | $72,500.00 | 2 | 1 (1 0) | 814 |
02/19/2019 | Unit #208 | 69 | $43,500.00 | 0 | 1 (1 0) | 429 |
08/06/2019 | Unit #1408 | 28 | $45,000.00 | 0 | 1 (1 0) | 427 |
02/20/2019 | Unit #1106 | 111 | $64,000.00 | 1 | 1 (1 0) | 648 |
09/16/2019 | Unit #901 | 0 | $80,000.00 | 2 | 1 (1 0) | 814 |
11/08/2019 | Unit #609 | 52 | $47,500.00 | 0 | 1 (1 0) | 427 |
01/15/2019 | Unit #510 | 1 | $36,000.00 | 0 | 1 (1 0) | 427 |
12/31/2018 | Unit #508 | 0 | $35,000.00 | 0 | 1 (1 0) | 428 |
01/10/2019 | Unit #310 | 61 | $36,500.00 | 0 | 1 (1 0) | 427 |
02/01/2019 | Unit #308 | 113 | $38,000.00 | 0 | 1 (1 0) | 427 |
01/17/2019 | Unit #1108 | 7 | $39,000.00 | 0 | 1 (1 0) | 427 |
05/20/2019 | Unit #1005 | 87 | $50,000.00 | 1 | 1 (1 0) | 648 |
Knickerbocker Lofts 507 N 13th St
date sold, Unit #, Days on market, price,beds / baths, sq ft.
|
Lofts at 2020 (Sporting News Lofts) 2020 Washington Avenue
04/15/2019 | Unit #710 | 57 | $115,000.00 | 1 | 1 (1 0) | 937 |
07/11/2019 | Unit #610 | 291 | $118,000.00 | 1 | 1 (1 0) | 1,003 |
02/28/2019 | Unit #604 | 23 | $145,000.00 | 2 | 2 (2 0) | 1,158 |
05/23/2019 | Unit #511 | 229 | $145,000.00 | 1 | 1 (1 0) | 1,095 |
09/16/2019 | Unit #509 | 0 | $126,000.00 | 1 | 1 (1 0) | 1,077 |
12/31/2019 | Unit #503 | 218 | $119,000.00 | 1 | 1 (1 0) | 907 |
02/22/2019 | Unit #411 | 73 | $123,000.00 | 1 | 1 (1 0) | 1,095 |
08/15/2019 | Unit #302 | 388 | $113,500.00 | 1 | 1 (1 0) | 1,023 |
11/01/2019 | Unit #101 | 187 | $225,000.00 | 3 | 2 (2 0) | 2,067 |
Motor Lofts 2207 Washington Avenue
09/05/2019 | Unit #412 | 218 | $92,000.00 | 2 | 1 (1 0) | 1,004 |
11/06/2019 | Unit #302 | 458 | $110,000.00 | 2 | 2 (2 0) | 1,358 |
Westgate Lofts 410 N Jefferson Blvd. / 2323 Locust Street
07/18/2019
Penthouse #600
80
$401,500.00
2
2 (2 0)
2,366
05/17/2019
Unit #406
91
$140,000.00
1
1 (1 0)
1,348
06/19/2019
Unit #312
89
$147,000.00
2
1 (1 0)
1,295
Terra Cotta Lofts 1501 Locust Street
07/22/2019 | Unit #806 | 14 | $130,000.00 | 2 | 2 (2 0) | 1,471 |
03/22/2019 | Unit #402 | 324 | $104,000.00 | 1 | 1 (1 0) | 980 |
12/18/2019 | Unit #205 | 348 | $147,000.00 | 2 | 2 (2 0) | 1,495 |
05/06/2019 | Unit #204 | 198 | $170,000.00 | 2 | 2 (2 0) | 1,642 |
04/30/2019 | Unit #1208 | 202 | $186,000.00 | 2 | 2 (2 0) | 1,732 |
12/10/2019 | Unit #1202 | 99 | $137,000.00 | 1 | 1 (1 0) | 1,314 |
08/01/2019 | Unit #1102 | 5 | $99,000.00 | 1 | 1 (1 0) | 1,050 |
02/11/2019 | Unit #805 | 92 | $174,000.00 | 2 | 2 (2 0) | 1,495 |
03/28/2019 | Unit #708 | 249 | $166,000.00 | 2 | 2 (2 0) | 1,732 |
Ventana Lofts 1635 Washington Avenue
None (better luck in 2020!)Railway Lofts 1619 Washington Avenue
09/19/2019 | Unit #902 | 367 | $260,000.00 | 3 | 2 (2 0) | 2,475 |
09/19/2019 | Unit #805 | 176 | $197,000.00 | 2 | 2 (2 0) | 1,627 |
09/20/2019 | Unit #702 | 159 | $215,000.00 | 2 | 2 (2 0) | 1,680 |
06/28/2019 | Unit #604 | 6 | $160,000.00 | 1 | 2 (2 0) | 1,595 |
11/05/2019 | Unit #402 | 60 | $215,000.00 | 2 | 2 (2 0) | 1,680 |
04/25/2019 | Unit #304 | 31 | $163,000.00 | 2 | 2 (2 0) | 1,595 |
07/10/2019 | Unit #303 | 290 | $163,000.00 | 2 | 2 (2 0) | 1,339 |
Windows Lofts 1601 Washington Avenue
08/28/2019 | Unit #407 | 105 | $111,000.00 | 2 | 1 (1 0) | 1,086 |
04/25/2019 | Unit #407 | 180 | $120,000.00 | 2 | 1 (1 0) | 1,086 |
01/16/2019 | Unit #307 | 131 | $117,500.00 | 2 | 1 (1 0) | 1,081 |
Meridian Lofts 1136 Washington Avenue
05/14/2019 | Unit #907 | 150 | $216,000.00 | 2 | 2 (2 0) | 1,509 |
11/21/2019 | Unit #706 | 151 | $138,000.00 | 2 | 2 (2 0) | 1,218 |
06/11/2019 | Unit #704 | 195 | $159,000.00 | 2 | 2 (2 0) | 1,254 |
12/27/2019 | Unit #607 | 0 | $214,000.00 | 2 | 2 (2 0) | 1,506 |
06/14/2019 | Unit #510 | 5 | $145,000.00 | 2 | 2 (2 0) | 1,243 |
02/14/2019 | Unit #412 | 94 | $133,400.00 | 2 | 2 (2 0) | 1,133 |
05/01/2019 | Unit #404 | 32 | $153,000.00 | 2 | 2 (2 0) | 1,254 |
12/30/2019 | Unit #403 | 69 | $185,000.00 | 2 | 2 (2 0) | 1,411 |
12/16/2019 | Unit #311 | 7 | $75,000.00 | 1 | 1 (1 0) | 781 |
02/22/2019 | Unit #300 | 203 | $140,000.00 | 2 | 2 (2 0) | 1,075 |
Lucas Lofts 1123 Washington Avenue
12/27/2019 | Unit #504 | 60 | $152,500.00 | 1 | 1 (1 0) | 1,115 |
07/12/2019 | Unit #716 | 0 | $145,000.00 | 2 | 2 (2 0) | 1,522 |
05/22/2019 | Unit #709 | 67 | $128,500.00 | 1 | 1 (1 0) | 1,053 |
09/03/2019 | Unit #417 | 28 | $172,000.00 | 2 | 1 (1 0) | 1,556 |
10/11/2019 | Unit #306 | 35 | $182,500.00 | 2 | 2 (2 0) | 1,169 |
07/25/2019 | Unit #410 | 80 | $124,000.00 | 1 | 1 (1 0) | 1,146 |
05/06/2019 | Unit #714 | 61 | $144,000.00 | 2 | 1 (1 0) | 1,430 |
05/31/2019 | Unit #616 | 6 | $145,000.00 | 2 | 1 (1 0) | 1,522 |
07/03/2019 | Unit #608 | 54 | $152,500.00 | 2 | 1 (1 0) | 1,131 |
04/12/2019 | Unit #516 | 27 | $147,000.00 | 2 | 1 (1 0) | 1,531 |
08/12/2019 | Unit #305 | 36 | $152,000.00 | 2 | 1 (1 0) | 1,247 |
Louderman Lofts 315 N 11th Street
01/08/2019 | Unit #702 | 258 | $248,000.00 | 3 | 2 (2 0) | 2,030 |
05/06/2019 | Unit #1101 | 30 | $295,000.00 | 2 | 2 (2 0) | 2,163 |
Moon Brothers Carriage Lofts 721 N 17th Street
08/23/2019 | Unit #504 | 95 | $155,000.00 | 2 | 2 (2 0) | 1,240 |
05/28/2019 | Unit #410 | 5 | $107,500.00 | 1 | 1 (1 0) | 880 |
06/04/2019 | Unit #303 | 10 | $143,500.00 | 2 | 2 (2 0) | 1,403 |
07/09/2019 | Unit #101 | 157 | $262,000.00 | 2 | 3 (2 1) | 2,246 |
Shot from Moon Bros Roof - Prices did follow....somewhat. |
Marquette Condominiums 314 N Broadway
12/17/2019 | Unit #1802 | 195 | $178,500.00 | 2 | 2 (2 0) | 1,079 |
02/15/2019 | Unit #802 | 102 | $160,000.00 | 2 | 2 (2 0) | 1,133 |
02/15/2019 | Unit #501 | 121 | $144,900.00 | 2 | 1 (1 0) | 1,090 |
02/26/2019 | Unit #1904 | 146 | $115,000.00 | 1 | 1 (1 0) | 803 |
03/11/2019 | Unit #1805 | 12 | $110,000.00 | 2 | 1 (1 0) | 803 |
11/15/2019 | Unit #1502 | 138 | $194,000.00 | 2 | 2 (2 0) | 1,131 |
04/19/2019 | Unit #1303 | 6 | $220,000.00 | 2 | 2 (2 0) | 1,368 |
09/27/2019 | Unit #1302 | 131 | $184,000.00 | 2 | 2 (2 0) | 1,131 |
Ely Walker Lofts 1520 Washington Avenue
03/19/2019 | Unit #504 | 60 | $143,000.00 | 2 | 2 (2 0) | 1,422 |
09/30/2019 | Unit #604 | 79 | $150,000.00 | 2 | 2 (2 0) | 1,422 |
10/11/2019 | Unit #513 | 20 | $115,000.00 | 2 | 1 (1 0) | 1,101 |
06/24/2019 | Unit #312 | 9 | $96,000.00 | 1 | 1 (1 0) | 1,029 |
12/27/2019 | Unit #310 | 145 | $115,750.00 | 2 | 1 (1 0) | 1,092 |
06/27/2019 | Unit #309 | 173 | $157,000.00 | 2 | 2 (2 0) | 1,604 |
07/09/2019 | Unit #218 | 13 | $120,000.00 | 2 | 2 (2 0) | 1,200 |
Printer's Lofts 1611 Locust Street
02/08/2019 | Unit #507B | 87 | $145,000.00 | 2 | 2 (2 0) | 1,414 |
09/26/2019 | Unit #404B | 61 | $210,000.00 | 2 | 2 (2 0) | 1,576 |
03/18/2019 | Unit #206B | 196 | $142,500.00 | 1 | 1 (1 0) | 1,148 |
08/16/2019 | Unit #204B | 22 | $211,100.00 | 2 | 2 (2 0) | 1,576 |
Printer's Lofts 1627 Locust Street
08/13/2019 | Unit #205C | 202 | $179,900.00 | 2 | 2 (2 0) | 1,267 |
10/04/2019 | Unit #902C | 6 | $269,900.00 | 2 | 2 (2 0) | 1,588 |
10/24/2019 | Unit #503C | 25 | $95,500.00 | 1 | 1 (1 0) | 673 |
12/20/2019 | Unit #402C | 380 | $150,000.00 | 2 | 2 (2 0) | 1,279 |
12/12/2019 | Unit #203C | 2 | $101,000.00 | 1 | 1 (1 0) | 673 |
Annex Lofts 1511 Locust Street
11/13/2019 | Unit #701 | 0 | $100,000.00 | 1 | 1 (1 0) | 1,188 |
07/30/2019 | Unit #503 | 16 | $133,800.00 | 2 | 1 (1 0) | 1,216 |
07/08/2019 | Unit #302 | 140 | $131,000.00 | 2 | 1 (1 0) | 1,235 |
06/04/2019 | Unit #708 | 225 | $131,500.00 | 2 | 1 (1 0) | 1,216 |
05/17/2019 | Unit #701 | 15 | $90,000.00 | 1 | 1 (1 0) | 1,188 |
06/07/2019 | Unit #608 | 42 | $137,500.00 | 2 | 1 (1 0) | 1,216 |
07/01/2019 | Unit #406 | 50 | $138,500.00 | 2 | 2 (2 0) | 1,306 |
01/11/2019 | Unit #106 | 83 | $111,500.00 | 2 | 1 (1 0) | 1,343 |
Alexander Lofts 1121 Locust Street
04/08/2019 | Unit #202 | 900 | $325,000.00 | 2 | 2 (2 0) | 2,429 |
Banker's Lofts 901 Washington Avenue
07/31/2019 Unit #708 0 $305,000.00 2 3 (2 1) 1,958
12/05/2019 Unit #702 250 $242,500.00 2 3 (2 1) 1,937
12/06/2019 Unit #607 77 $190,000.00 2 2 (2 0) 1,558
03/05/2019 Unit #606 175 $189,900.00 2 2 (1 1) 1,514
06/14/2019 Unit #510 109 $176,000.00 1 2 (1 1) 1,365
05/13/2019 Unit #408 71 $140,001.00 1 1 (1 0) 1,249
04/25/2019 Unit #302 98 $148,000.00 1 2 (2 0) 1,496
04/26/2019 Unit #303 60 $180,000.00 2 2 (1 1) 1,414
Dorsa Lofts 1015 Washington Avenue
10/09/2019 | Unit #604 | 208 | $204,900.00 | 2 | 2 (2 0) | 1,965 |
09/18/2019 | Unit #407 | 6 | $177,000.00 | 1 | 2 (1 1) | 1,547 |
10/31/2019 | Unit #404 | 156 | $205,000.00 | 2 | 2 (2 0) | 1,746 |
07/31/2019 | Unit #308 | 48 | $149,000.00 | 1 | 2 (1 1) | 1,290 |
09/20/2019 | Unit #307 | 88 | $150,000.00 | 1 | 2 (1 1) | 1,547 |
09/30/2019 | Unit #205 | 146 | $233,400.00 | 2 | 2 (2 0) | 1,981 |
Edison Condominiums 400 S 14th Street
04/30/2019 | Unit #1120 | 232 | $305,000.00 | 3 | 2 (2 0) | 1,964 |
10th Street Lofts 1010 Saint Charles Street
Syndicate Condominiums 915 Olive Street
05/20/2019 | Unit #1610 | 290 | $447,500.00 | 2 | 3 (2 1) | 2,792 |
02/13/2019 | Unit #1213 | 66 | $235,000.00 | 2 | 2 (2 0) | 1,473 |
11/08/2019 | Unit #1013 | 151 | $230,200.00 | 2 | 2 (2 0) | 1,473 |
08/07/2019 | Unit #904 | 0 | $246,000.00 | 2 | 2 (2 0) | 1,358 |
10/15/2019 | Unit #1511 | 0 | $251,000.00 | 2 | 2 (2 0) | 1,295 |
04/01/2019 | Unit #1509 | 150 | $288,000.00 | 2 | 2 (2 0) | 1,576 |
08/28/2019 | Unit #1407 | 117 | $253,000.00 | 2 | 2 (2 0) | 1,496 |
04/04/2019 | Unit #1401 | 185 | $315,000.00 | 2 | 2 (2 0) | 1,664 |
10/10/2019 | Unit #1103 | 35 | $288,000.00 | 2 | 2 (2 0) | 1,527 |
05/31/2019 | Unit #1008 | 7 | $254,200.00 | 2 | 2 (2 0) | 1,314 |
01/07/2019 | Unit #1006 | 88 | $170,750.00 | 1 | 1 (1 0) | 1,021 |
The Bogen Lofts 1209 Washington Ave
06/07/2019 | Unit #702 | 25 | $170,000.00 | 2 | 2 (2 0) | 1,673 |
Eden Lofts 1720 Chouteau
04/15/2019 | Unit #503 | 4 | $122,000.00 | 2 | 2 (2 0) | 1,113 |
03/29/2019 | Unit #403 | 29 | $110,000.00 | 2 | 2 (2 0) | 993 |
07/01/2019 | Unit #309 | 9 | $87,900.00 | 1 | 1 (1 0) | 796 |
07/10/2019 | Unit #204 | 263 | $119,000.00 | 2 | 2 (2 0) | 1,396 |