There is a lot to love about St. Louis. Home to the Gateway Arch, Busch Stadium, a lively music scene, and unique culinary delights, “Gateway to the West” is well worth a visit. If you’re interested in a more permanent stay in the area, the homes for sale in University City, Missouri, may be just what you’re searching for.
When you buy University City, Missouri, real estate, you become a part of life in a small town that still has easy access to historic St. Louis. You can combine the best of both worlds by owning one of the homes for sale in University City. Let’s have a look at what you need to know about this luxury real estate market in 2022.
The market in St. Louis is hot
As we embark on a new year, the U.S. economy is showing signs of life. As ever, the U.S. real estate market remains strong, and nowhere is that more evident than in St. Louis. Home sale prices are up 5% over last year with no signs of slowing down.
St. Louis is the fourth-largest city in the country, and all over town, the real estate market is booming. The current seller’s market is a result of the classic combination of low supply and high demand. Homes are selling fast, and homeowners looking to sell are getting fantastic prices. This will continue as long as inventory is low.
While the market has slowed its pace from earlier in 2021, buyer demand is still high. Reasonable mortgage rates have boosted the interest of prospective homeowners.
However, this seller’s market may not continue into the new year as inventory is increasing. As recently as November of last year, the National Association of Home Builders saw new home construction reach its highest monthly levels of the year. The post-shutdown economy, with its ever-present supply chain and labor issues affecting every industry in the country, however, has not appeared to dampen builder confidence in the St. Louis market.
This recent market direction may soon see a balance of the supply of and demand for luxury St. Louis homes. In general, the St. Louis real estate market, like that of the rest of the country, suffered mighty losses after the housing bubble burst a few years ago. Lately, it seems the market is on the road to recovery. This trend is echoed in the luxury home market of St. Louis as well.
While low inventory drives the general market, luxury homes in St. Louis are readily available. This gives discerning homebuyers the edge. In fact, St. Louis County has more sales of homes in the million-dollar range than the rest of the state. This puts St. Louis at the top of Missouri’s luxury real estate market. Right at the heart of that St. Louis market are the homes for sale in University City, Missouri.
While low inventory drives the general market, luxury homes in St. Louis are readily available. This gives discerning homebuyers the edge. In fact, St. Louis County has more sales of homes in the million-dollar range than the rest of the state. This puts St. Louis at the top of Missouri’s luxury real estate market. Right at the heart of that St. Louis market are the homes for sale in University City, Missouri.
University City offers luxury in the heart of the city
Just a 15-minute drive from St. Louis sits University City. This family-friendly and diverse community is on the upper end of the cost-of-living spectrum, and with that comes a great many amenities. The city is full of excellent shopping, dining, and nightlife options while being located minutes from all that St. Louis has to offer. You can definitely find your luxury home for sale in University City.
Purchasing University City real estate allows you the comfort and stability of a small town while missing none of the big city attractions in St. Louis. Living in this progressive, community-focused area gives you all the advantages of being in the center of the city.
When you own a piece of University City, Missouri, real estate, you will never run out of things to do. Outdoor fun, like biking and hiking trails, playgrounds for the kids, and concerts in the park, keep the family active and social.
The area’s proximity to amusement parks and professional sporting events from Six Flags St. Louis to the St. Louis Cardinals and Blues means an entertaining day or night out is never far away. A short commute to pretty much anywhere in the St. Louis area keeps everyone in the family happy.
Residents love the Delmar Loop, the cultural hub of University City. The Loop is home to fabulous music venues, restaurants, and theaters, as well as the St. Louis Walk of Fame. With its local trolley system, this landmark of suburban planning and development is why University City ranks among the best places to live in Missouri.
On top of that, the luxury homes in this part of the state separate University City from other neighborhoods near St. Louis. Homes for sale in University City tend to be in a higher price range than the rest of the state. With numerous luxury homes to choose from, University City ranks as one of the most coveted areas of St. Louis to call home.
Most residents in this dense suburban community own their homes. Neighborhoods are laid out with an eye toward the natural shape of the land. Effort was made to restrict the construction of cookie-cutter housing developments, and it shows. Purchase your piece of luxury University City real estate and enjoy all of the community’s offerings.
St. Louis homes are perfectly situated
When shopping for luxury real estate, you want a location with access to all of the amenities you desire. There is no question that the homes for sale in University City, Missouri, have all that. Spacious estates in this well-planned suburb of St. Louis will please the most discerning of tastes. These homes are mere minutes from St. Louis, so there is no need to sacrifice comfort or convenience.
There is little doubt you can find the luxury home you’re looking for on the University City real estate market. When you’re ready to start your search, reach out to one of the trusted local agents at the L. Merrick Agency for expert guidance.
