St Louis Lofts Making Comeback

St Louis Lofts are making a comeback both in popularity and price, according to the latest data available from Mid America Regional Information Systems (MARIS), the St Louis REALTOR® MLS.  As the charts below show, loft sales in St Louis peaked in 2006 (when all real estate peaked) with sales of lofts hitting 218 for the year and the median price of lofts sold that year coming in at a record $215,700.  After 2006 however, sales fell year after year finally hitting a low in 2010 when only 67 lofts were sold, a decline of almost 70% from the peak.  Loft prices in St Louis did not hit bottom until the following year however, 2011, when the median price of a loft sold in St Louis was $152,500, a decline of almost 30% from the peak in 2006.

The comeback began last year, with St Louis loft sales hitting 1o7 in 2013, a six-year high, and the median price climbing to $173,500, a three-year high.  Thus far, it appears as though this trend will continue through 2014 with loft sales, as the one-year chart below shows so well, shooting up in May with 18 lofts sold, the most in one month in nearly 3 years (since June 2011) at a median price of $186,250, a recovery of over half the decline in loft prices from the peak in 2006.   Year to date, through May 2014, there have been 50 lofts sold in St Louis, an increase of 25% from the same period last year when 40 lofts were sold, and median loft prices increased 6.7% during the same period, rising from $174,500 in May 2013, to $186,250 in May 2014.


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St Louis Loft Sales – Number of Sales and Median Price – May 2013 – May 2014

St Louis Loft Sales and Loft median Prices - May 2013-May 2014

St Louis Loft Sales – Number of Sales and Median Price – Past 10 Years

St Louis Loft Sales and St Louis Loft Prices - 10 Years -2004-2014

Disclaimer: The information herein is believed to be accurate and timely, but no warranty whatsoever, whether expressed or implied, is given. Information from third parties is deemed reliable but not verified and should be independently verified. MORE, REALTORS does not display the entire IDX database of Mid America Regional Information Systems, Inc. (MARIS MLS) on this website.

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