St Louis Condo sales have steadily grown over the past 3 years from 2,216 sales for the 12 month period ended June 30, 2011 to 3,141 sales for the 12 month period ended June 30, 2014, an increase of 41.8% in that 3 year period. I think this is the result of actually two things; one, the recovery of the St Louis housing market which we are in the midst of, as well as greater acceptance of condominiums for a residence by St Louisan’s.
During the same period, St Louis home sales, as the chart below illustrates, have increased as well from 20,643 homes sold for the 12 month period ended June 30, 2014 to 27,113 homes sold for the period ended June 30, 2014, an increase of 31.3% during the 3 year period. While that is a respectable increase, it’s 25% less than the increase in condo sales during the same period.
In compiling stats for both St Louis home sales as well as St Louis condo sales, data for the city of St Louis as well as the counties of St Louis, St Charles, Jefferson and Franklin were combined to present a look at the overall St Louis market.
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