While it does not boast quite the population of other major North American cities, St. Louis is nevertheless an important center in its own right. It is one of the biggest cities in three states, and serves an area which includes almost three million people. It is also the gateway to the western United States, and thus an ideal place for business. No wonder so many people are looking for their own piece of St Louis MO real estate.
But just what types of real estate does the city have to offer? Certainly, one can't expect a city with about two million less people to offer the same variety or homes whether we are talking single family or condos. In Toronto, for example, the condominium market has gone crazy, simply because the population is so much large than St. Louis, with more wealth to go around as well.
Those who like the idea of the ultra modern L Tower and other condo developments in Toronto won't find the same type of developments in St. Louis, although they may be surprised at just what is available here. While the towering sky rises may be something in the future, the mid rises house plenty of luxury condos in St. Louis which rival anything to be found in the Annex Toronto area.
And developments are still going up at remarkable speed. At last count, there were almost a dozen different planned developments going up in the downtown area of St. Louis. The reasons for the burgeoning condo market are the same ones which make a Toronto condominium for sale so appealing to residents of that northern city. The population around St. Louis would prefer to be closer to work rather than commute long distances each day, for a start. And with millions of people all around, there is potential for a lot of condo buyers. Next, as is the case in Toronto real estate, condos in St. Louis are a lot cheaper than single family dwellings. They make a lot of economic sense to someone looking to get into the real estate market for the first time.
Just as in bigger cities, residents of St. Louis have several options when it comes to timing their condo purchase. You might want to check out what's available pre-sale, or from the planning stage. You can also buy as the development is being constructed, or of course once everything is completed or resale. Condos in the city come in various styles as well. Planned communities such as Creve Coeur West Village (similar to Erin real estate) include condos, townhomes, and single family dwellings. You can find loft units at the Bogen complex, and townhomes throughout the city as well.
And of course, one of the biggest selling points for condos in St. Louis is that more often than not, they are right on the waterfront. It is after all the presence of the Missouri and Mississippi Rivers that made St. Louis into the important city it is today!
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