In the recently published Wall Street Journal/Realtor.com Emerging Housing Markets Index of first quarter of 2023, St. Louis was ranked as the No. 1 luxury housing market in the U.S. And while St. Louis, Missouri may not be the first city that comes to mind when thinking about luxury real estate markets in the United States, it is quickly gaining attention from buyers and investors alike. In recent years, St. Louis has emerged as a top luxury housing market, with a growing number of high-end properties and a thriving luxury real estate industry. Here are some of the reasons why St. Louis is considered the top luxury housing market in the U.S.
Affordability and Value
One of the main reasons why St. Louis is an attractive luxury housing market is its affordability compared to other major cities in the U.S. The cost of living in St. Louis is significantly lower than other popular luxury markets like New York, Los Angeles, and Miami. This means that buyers can get more bang for their buck in terms of square footage and amenities, making St. Louis an excellent value for luxury real estate.
Location and Accessibility
St. Louis is located in the heart of the Midwest, making it an attractive option for buyers who want to be centrally located in the U.S. The city is also easily accessible by car, plane, or train, with major highways and a large international airport. The central location of St. Louis makes it an ideal spot for business travelers and anyone who wants to have easy access to other major cities in the U.S.
Quality of Life
St. Louis offers an exceptional quality of life, with a rich culture, vibrant arts scene, and an abundance of outdoor activities. The city is home to numerous parks, gardens, and trails, making it an ideal spot for nature lovers. St. Louis is also home to many world-class museums, including the Saint Louis Art Museum, the Missouri History Museum, and the Contemporary Art Museum St. Louis. The city also boasts excellent schools, a strong STEM-based economy, and a diverse population, making it a great place to raise a family.
St. Louis has a growing number of luxury properties, including sprawling estates, historic homes, and modern high-rise condos. Many of these properties offer stunning views of the city skyline or the surrounding countryside, and feature top-of-the-line amenities like private pools, home theaters, and gourmet kitchens. The luxury real estate market in St. Louis is competitive, with many top-rated agents and firms specializing in high-end properties.
Finally, St. Louis offers excellent investment opportunities for buyers looking to capitalize on the city’s growing luxury real estate market. With a strong economy and a low cost of living, St. Louis is an attractive spot for businesses and young professionals, which in turn, has led to a growing demand for luxury housing. The city’s stable real estate market also offers the potential for long-term appreciation and a steady stream of rental income.
In conclusion, St. Louis has emerged as a top luxury housing market in the U.S. due to its affordability, accessibility, quality of life, growing number of luxury properties, and investment opportunities. With a thriving luxury real estate industry and a strong economy, St. Louis is poised to continue its upward trajectory as a top destination for luxury homebuyers and investors alike.
Check out the article published by Mansion House here: https://www.mansionglobal.com/articles/reliving-its-1900-heyday-st-louis-ranks-no-1-on-the-wsj-realtor-com-luxury-index-cf2dcdf1