2009 Market Conditions Report for Condos and Lofts Sold in Lafayette Square (St. Louis City, Missouri)

By
Real Estate Agent with PREA Signature Realty - www.preasignaturerealty.com

LAFAYETTE SQUARE HOUSING REPORT - 2009 CONDO SALES

Interested in purchasing or selling a condominium in Lafayette Square?  Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381 or send an e-mail to Ryan@PREASignatureRealty.com.  Or, visit our website at www.PREASignatureRealty.com or our blog at www.LafayetteReport.com.

HISTORICAL TRENDS

The Lafayette Square housing market as a whole continues to outperform compared to trends in the St. Louis City and St. Louis Metropolitan Statistical Area.  Despite this good news, condominium sales in Lafayette Square remain flat compared to 2009.  Here are some general comments about trends in the Lafayette Square housing market relating to condominium sales:

  • Condominium sales in Lafayette Square remain flat with 2009 condominium sales to be slightly above the sales volume for 2008 condominium sales.
  • The average sales price for condominiums in Lafayette Square in 2009 fell 19% compared to 2008.
  • The average per square foot price for condominiums sold in Lafayette Square remained flat from at $122 per square  foot in 2009 compared to $128 per square foot in 2008.
  • The sales price to list price ratio for condo sold in Lafayette Square remained constant at historical levels of approximately 95% of list price in 2009.
  • The average number of days on market for condominium sales in Lafayette Square spiked from 182 days in 2008 to 252 days in 2009.
  • It is unclear what impact new construction sales in Lafayette Square has had on the overall condo statistics.  Developers in Lafayette Square report new construction sales in different manners with some sales not listed in MLS and other sales included in MLS but reported as withdrawn as opposed to sold.

 

 

PREA Signature Realty - Lafayette Square - Market Data

PREA Signature Realty - Lafayette Square - Market Data

PREA Signature Realty - Lafayette Square - Market Data

PREA Signature Realty - Lafayette Square - Market Data

PREA Signature Realty - Lafayette Square - Market Data

 

2009 MARKET DATA

PREA Signature Realty - Lafayette Square - Market Data

PREA Signature Realty - Lafayette Square - Market Data

 

PREA Signature Realty - Lafayette Square - Market Data

 

PREA Signature Realty - Lafayette Square - Market Data

Interested in listing your condo or loft in Lafayette Square for sale?  Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381 or send an e-mail to Ryan@PREASignatureRealty.com.

 

 

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________________________________________________________________________________________________

PREA SIGNATURE REALTY

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PREA Signature Realty is a full service brokerage located at 1709 Park Avenue in the Lafayette Square neighborhood of the City of St. Louis.  PREA Signature proudly serves the following city neighborhoods:  Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri. 

The opinions expressed herein represent the opinions of the author only and do not reflect the opinions of PREA Signature Realty.  All photos and written content were produced by PREA Signature Realty.  All Rights Reserved - PREA Signature Realty (2009).  This content may not be reproduced or reprinted, except for Active Rain re-blogging, without express written permission of PREA Signature Realty.

For more information, visit our website at www.PREASignatureRealty.com or contact Ryan Shaughnessy at 314-971-4381 or send an email to Ryan@PREASignatureRealty.com

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Michelle Silies 01/08/2010 07:17 AM
Topic:
Real Estate Market Trends
Location:
Missouri Saint Louis City Saint Louis Lafayette Square
Groups:
Show Me Missouri
City and State
Midwest Rainers
St Louis City, Missouri - Real Estate & Neighborhood News
Lafayette Square - The Lafayette Report
Tags:
market conditions
market research
market reports
lafayette square condominiums
lafayette square lofts
lafayette square market conditions

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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Ryan and your post is full of some great information, graphs, etc. "Happy New Year"

VB ;o)

Jan 05, 2010 12:47 PM #1
Rainer
229,238
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Robert - I hope you and your family had a great New Year!!  Plan to take a look at your blog for those great photographs.

Jan 05, 2010 12:50 PM #2
Rainmaker
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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Ryan your market reports are exceptionally detailed. I am sure this information is well received!

Jan 06, 2010 09:25 AM #3
Rainer
229,238
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Bill - Thanks for the compliment.  I don't quite have your discipline for doing regular market reports - but my year end and condo specific reports are becoming more read.

Jan 06, 2010 10:04 AM #4
Rainmaker
637,272
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Ryan, your report on condo sales in Lafayette Square St. Louis MO is exceptionally well done.

Jan 06, 2010 03:33 PM #5
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Rainer
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Ryan Shaughnessy

Broker/Attorney - Your Lafayette Square Real Estate Partner
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