Luxury home buyers are increasingly seeking markets that provide both affordability and quality of life, rather than traditional coastal areas with high price tags. According to the Wall Street Journal/Realtor.com Luxury Housing Market ranking, the Midwest city of St. Louis ranks first due to its robust supply-and-demand dynamics and lower median luxury home prices, around $700,000. The report emphasizes that buyers are prioritizing practicality and livability, with St. Louis offering a vibrant urban environment without exorbitant costs, making it appealing for luxury investments.
"Instead of multimillion-dollar price tags on properties along traditional coastal hubs, they're turning their attention to places that deliver a high quality of life without the extreme price tag."
"St. Louis is a small big city, so we have a lot to offer from restaurants to sporting events, to just things to go out and do with the family, and you're typically within 15 minutes of all of those things."
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