Alicia Sierra eXp Realty
States: Missouri
Counties: St. Louis City, St. Louis County
Cities and Towns: St. Louis City, St. Louis County
Licensed Since: 2007 | MO License # 2007038794
About Alicia Sierra
With over 15 years of experience in real estate, the knowledge I have accumulated as a loan officer, real estate investor & Realtor (over 550 sales and counting) is at my clients' disposal. I know things only the streets can teach.
After 3 years as a loan officer, I renovated homes for first time buyers full time. I started my sales career at Coldwell Banker Premier, where I was awarded National Rookie of the Year in 2008 for highest number of properties sold. I now service my clients personally in a boutique brokerage setting at The Hermann London Group.
I work hard and bring integrity, transparency & some humor to the process. You will be well informed, well guided, and ''looped in'' when we work together. Can't wait to hear from you!
Market Overview
St. Louis is experiencing the same trend as most of the country: millennials are flying the nest and leading the boom in household creation. According to the Urban Land Institute’s recent report on emerging trends in real estate, we will see 3.68 billion new households over the next 3 years alone. This matches pre-recession levels.
We have a great list of solid reasons to choose the metro St. Louis real estate when investing your money. From a strictly financial point of view, here are some of the reason why St. Louis attracts real estate investors due to the combination of the low cost of living, lower housing prices, and job growth. St. Louis is now recognized, for example, as a leader in tech jobs growth. Also attractive to many landlords: the abundance of multi family housing stock, not as common in most midwest cities.
This confluence of factors is driving up the rental rates on existing homes in high demand area and opening up demand just outside those core neighborhoods. This increase in demand for residential development can in large part be attributed to the Cortex technology hub, centered between the brain trusts of both St. Louis University and Washington University & adjacent to a Top Ten hospital complex. It is designed to both attract and retain both technology & science professionals. Also the north part of our city is getting millions in investment; most notably the NGA west project, covering 10 square blocks between midtown and Interstate 70 (nextngawest.com).
Above and beyond the dollars and cents perspective, there is something even more compelling than any impressive statistics or rankings can demonstrate: St. Louisans love St. Louis. They love their town, and often spend their entire lives there or at least eventually come home again. It’s the same quality that makes St Louis a great baseball town and it’s what many young entrepreneurs are discovering for themselves.
The simple fact is that if you are going to own or invest in rental properties, they ought to be in a place where people like to live. St. Louis more than meets that standard.
Investment Price Points
Investors can enter our turn key rental market for as little as $40,000. Prices vary greatly depending on location. That being said, for single family investment I see $50-$150,000 range in general. For 2-4 unit investment, $90-$550,000 range. We also have lots of opportunity for BRRR investing and added value investing as well and much success with a short term/long term rental hybrid approach.
Free Report: Demographic and Housing Data on the St. Louis Market
Would you like free demographic and housing data on the St. Louis market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the St. Louis market is right for you! Click here to get your free report.
