This summer's loft market was a step in the right direction for the downtown market as well as the overall St. Louis real estate market. Following a very busy winter and spring, we could have seen a plateau in loft sales. Fortunately, that wasn't the case.
While the shift from last summer wasn't dramatic, every metric that we saw showed improvement.
Average sale price rose from $165,278 to $172,528.
Average days on market reduced from 169 to 122.
Average Price per square foot rose from $108.76 to $113.68
Total sales rose from 27 to 31
All that good news, plus there's still 18 units under contract currently.
One thing that has no metric, but has mostly disappeared is the number of people that talk to me about a glut of unsold lofts downtown. Inventory is reduced and we're even starting to see year over year sales with moderate appreciation.
Here are the sales for Summer 2013 from the MLS:
Blu City Spaces 210 N 17th Street
#1207 $27,600#1112 $36,300
#705 $37,255
Knickerbocker Lofts 507 N 13th Street
#308 $57,000#309 $104,000
Lofts at 2020 (Sporting News Lofts) 2020 Washington Avenue
#104 $85,000#713 $92,000
#501 $95,000
#607 $144,000
Terra Cotta Lofts 1501 Locust Street
#201 $101,50Railway Lofts 1619 Washington Avenue
#304 $223,500
Meridian Lofts 1136 Washington Avenue
#505 $148,200
#406 $172,000
#501 $200,000
#407 $235,000
#910 $497,500
http://www.4salestlouis.com/downtown-homes/Printer's Lofts 1611 Locust Street
#606 $200,000#504 $216,000
Printer's Lofts 1627 Locust Street
#401 $152,000
Moon Bros Lofts 721 N 17th Street
#206 $154,000
McGowan Lofts 1219 Washington Avenue
#510 $147,000
Banker's Lofts 901 Washington Avenue
#205 $225,000#502 $229,900
#304 $264,000
10th Street Lofts 1010 Saint Charles Street
#1001 $225,500Dorsa Lofts 1015 Washington Avenue
#305 $260,000#404 $263,000
Syndicate Condominiums 915 Olive Street
#1201 $193,950Elder Shirt Lofts 703 North 13th Street
#407 $258,500Eden Lofts 1720 Chouteau Avenue
#304 $82,600
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