Most of the neighborhoods in St Louis have seen home prices increase over the past year, at least to some extent however, some are seeing rates that are significantly higher than others. So where are the St Louis neighborhoods that have seen the largest increase in home prices in the past year? Let’s being with how the data is computed. The table below is based upon current median list prices of homes for sale within a zip code. Zip codes that don’t have a sufficient amount of annual home sales to make their statistics accurate and significant have been omitted.
As the chart below shows, the 63108 zip code area of St Louis (the Central West End) is number 1 on the list as of today in terms of the year over year increase in home prices which is at over 38%. It’s important to note that this does NOT mean that every home in the Central West End has increased in value 38% from a year ago however. What this means is that the median listing price of homes for sale there presently is 38% higher than a year ago. This could be the result of a large influx of higher priced property on the market, or a large amount of foreclosures on the market a year ago, but in any event is still a good thing and shows prices and values are going up in that area. While the table below will give you a good idea of what is going on with home prices in a given area, nothing beats a live analysis by a real estate professional which myself, or one of the highly qualified agents in our firm, can help you with. Please contact me for more info.
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