Chesterfield MO Home Sales Market Report August 2011

By
Real Estate Agent with Coldwell Banker Gundaker-St. Louis, MO
https://activerain.com/droplet/knC

Chesterfield, MO Market Report - August 2011


Chesterfield MO Market Report - August 2011

Market Profile & Trends Overview

Chesterfield MO Home Sale Market Report Aug 2011


Property Sales

August Property sales were 48, up 2.1% from 47 in
August of 2010 and 6.7% higher than the 45 sales last
month. August 2011 sales were at a mid level
compared to August of 2010 and 2009. August YTD
sales of 312 are running 4.3% behind last year's yearto-
date sales of 326.


Prices

The Median Sales Price in August was $356,000,
down 5.1% from $375,000 in August of 2010 and up
3.2% from $345,000 last month. The Average Sales
Price in August was $391,017, down 7.7% from
$423,486 in August of 2010 and up 7.1% from
$364,989 last month. August 2011 ASP was at the
lowest level compared to August of 2010 and 2009.



Inventory & MSI


The Total Inventory of Properties available for sale as of
August was 347, down 3.9% from 361 last month and
down 14.7% from 407 in August of last year. August 2011
Inventory was at its lowest level compared with August of
2010 and 2009.  A comparatively lower MSI is more beneficial for sellers
while a higher MSI is better for buyers. The August 2011
MSI of 7.2 months was at its lowest level compared with
August of 2010 and 2009.


Market Time

The average Days On Market (DOM) shows how many
days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a move
towards more of a Buyer's market, a downward trend a
move towards more of a Seller's market. The DOM for
August was 103, up 3.0% from 100 days last month and
down 3.7% from 107 days in August of last year. The
August 2011 DOM was at a mid level compared with
August of 2010 and 2009.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for
the direction of Property values. Since Median Sales
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized
indicator on the direction of Property values. The
August 2011 Selling Price per Square Foot of $129 was
down 5.3% from $136 last month and down 5.8% from
137 in August of last year.


Selling Price vs Original Listing Price


The Selling Price vs Original Listing Price reveals the
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market.
The August 2011 Selling Price vs Original List Price of
95.1% was down from 95.3% last month and down from
95.3% in August of last year.

Chesterfield MO Home Sale Market Report Aug 2011


Inventory / New Listings / Sales

This last view of the market combines monthly
inventory of Properties for sale along with New Listings
and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship
between these items. The number of New Listings in
August 2011 was 70, down 13.6% from 81 last month
and down 5.4% from 74 in August of last year.






Posted by

               

Linda

Linda Graves Arnold, ABR, CRS, GRI, e-PRO
Coldwell Banker Gundaker
"Bringing Families Home"
Cell phone:  314-422-2762
Office:  636-391-1122
email:  Linda@LindaandJim.com
website:  www.LindaandJim.com

 

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Rainmaker
1,180,833
David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City

Time on market there looks bettter than some Chicago suburbs. Maybe there is some light appearingat the end of the tunnel.

 

Sep 28, 2011 02:59 PM #1
Rainer
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LanullJuana Ransome
909-559-5523 - Rialto, CA
Keller Williams Realty

Thanks for sharing this Market Report about your market area. It's always nice to see what other areas are doing in comparison to our own market area.

Sep 28, 2011 03:33 PM #2
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Rainmaker
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Linda Graves Arnold

St. Louis Real Estate Pro - 314-422-2762 - Referr
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