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Number of Homes Sold in Ladue Area is Up for the Year

Average Price of Homes Sold across the Ladue School District is stable so far this year compared to last,but the number of homes sold in 2012 has increased!

The Ladue area continues to be in demand with its top-ranked public and private schools and ease of access to our region.  The number of transactions for the year is up 31% for the first 3 quarters of 2012 compared to the same period in 2011.

Average home sold prices appear stable and are virtually the same comparing the first 3 quarters in 2011 and 2012, although there has been particular success in the upper price brackets this year:

*Single Family Homes in Ladue School Area $300,000+

YEAR-TO-DATE # OF TRANSACTIONS $ PER SQFT AVG. $ DAYS ON MARKET 2012 235 $211 $798,918 141 2011 180 $208 $794,224 152 +31% +1% +.006% -.07%

*Covers 8 municipalities including the City of Ladue, MO as well as portions of Creve Coeur, Frontenac, Richmond Heights, Olivette, Kirkwood & Crystal Lake

We are heading in the right direction.  I hope this foreshadows good things to come in the real estate market in the New Year!  Unit volume is a leading indicator and price should be expected to follow.  For now, even stable prices are a cause for celebration (and decision-making!!!).

If you have questions about a particular area, neighborhood, or property, please feel free to contact me for additional information. 

Please follow my weekly Real Estate blog every Wednesday for the latest on Unique, Distinctive and Historic properties!   To see more and to keep up with the latest real estate news and most sought after homes for sale, please visit my website at www.robbpartners.com. 

About this Column: The market data was pulled from the Mid America Regional Information System.  All information is deemed reliable but not guaranteed. 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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