SAINT LOUIS LUXURY HOMES REPORT ANNUAL REVIEW 2012
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com
Saint Louis Luxury Market Takes Off in 2012 The Saint Louis metropolitan area luxury real estate market is back!
Our research at Keller Williams Luxury Homes International – St. Louis shows
Total Sales Volume, 2012
that the luxury homes market in our
$1,200,000,000
community experienced solid gains in
$1,000,000,000
many areas during 2012. One
$800,000,000
promising gain is in Total Sales Volume
$600,000,000
which was up as compared to 2011.
$400,000,000
For the year, in select “Central
$200,000,000
Corridor” school districts, we sold over $675M in high-end real estate. This
$0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
represents a 17.14% increase over 2011.
Another improvement we have seen is
Total Units Sold, 2012 1400
in the number of sold units in Saint Louis which has also increased
1200
significantly. For 2012, we are up over
1000
18.45% in this area. The 828 homes
800 600
that have sold in the Central Corridor
400
represent our strongest year since
200
2008.
0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 All data from MARIS and includes information from Brentwood, Central West End, Clayton, Kirkwood, Ladue, Lafayette, Marquette, Parkway, University City, and Webster Groves school districts. Home prices considered were over $500,000.
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com
Saint Louis Luxury Market Takes Off in 2012, continued. In Saint Louis, we are experiencing
Months of Inventory, 2012
inventory levels that are similar to those from 2003. The Months of Inventory data compares the number
25 20
of current buyers to the current active listings in the Central Corridor. At present, we have about 10 months of inventory in the area. This number is a
15 10 5
bit higher than earlier in 2012 due to increasing inventory. The National
0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Association of Realtors considers this a Buyer’s Market. Average Sale Price is slightly down from
Average Sale Price
last year at $818,500 (-1.11%). Luxury
$880,000
home prices in Saint Louis are similar to
$860,000
2006 levels.
$840,000 $820,000
Despite a flat Average Sale Price from
$800,000
2011 to 2012, with low inventory, an
$780,000
18.45% increase in units sold and
$760,000
favorable mortgage interest rates, we
$740,000
can predict that the Average Sale Price
$720,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
will begin to move in a positive direction for 2013.
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com
School District Brentwood Central West Clayton Kirkwood Ladue Lafayette Marquette Parkway Central Parkway North Parkway South Parkway West University City Webster Groves
Total Sales Volume 2012 2011 Change $1,926,000 $1,255,000 53.47% $30,710,276 $26,978,775 13.83% $99,795,060 $109,161,859 -8.58% $55,388,487 $58,066,096 -4.61% $197,863,351 $154,973,452 27.68% $59,645,865 $52,837,250 12.89% $55,463,098 $38,234,979 45.06% $34,250,415 $16,259,300 110.65% $16,830,623 $6,882,000 144.56% $7,351,997 $4,587,505 60.26% $78,857,890 $69,430,753 13.58% 19630425 18279890 7.39% $14,518,850 $21,585,000 -32.74%
Average Sales Price Days on Market 2012 2011 Change 2012 2011 Change $642,000 $627,500 2.31% 109 230 -53% $749,031 $770,822 -2.83% 307 252 22% $899,055 $933,007 -3.64% 162 166 -2% $683,808 $725,826 -5.79% 148 138 7% $960,502 $974,676 -1.45% 159 176 -10% $685,585 $686,198 -0.09% 151 148 2% $749,501 $659,224 13.69% 144 180 -20% $761,120 $677,471 12.35% 162 156 4% $801,458 $764,667 4.81% 170 126 35% $735,200 $655,358 12.18% 181 201 -10% $906,413 $1,006,243 -9.92% 183 165 11% $613,451 $630,341 -2.68% 98 121 -19% $604,952 $654,091 -7.51% 175 109 61%
About KW Luxury Homes International – Saint Louis At KW Luxury Homes International -- Saint Louis, we're about more than just real estate. In our experience, a home isn't a dream home because of its room dimensions. It's about how you feel when you walk through the front door — and the way you can instantly envision your life unfolding there. Whether you're buying or selling, our complete focus is on your life and your dreams. We understand how important it is that you choose the very best real estate professional to guide you through your real estate transaction – someone who is a trusted expert in Saint Louis real estate and powerful advocate for you throughout the process. KW Luxury Homes International -- Saint Louis is an exclusive, elite and sophisticated group of real estate consultants who absolutely raise the bar for service in the upper-tier home market. And as part of the Keller Williams Realty, Inc. family, our consultants have a powerful network of associates to help you sell or find your next home. Keller Williams Realty is currently the 2nd largest real estate franchise in the United States, and is on a growth trajectory that will soon place it as the most dominant real estate company in North America – and the world.
10936 Manchester Road, Saint Louis, MO 63122 • telephone: 314.677.6000 • www.STLKW.com