Town & Country MO Market Report - August 2011

By
Real Estate Agent with Coldwell Banker Gundaker-St. Louis, MO

Town and Country, MO Market Report - August 2011

Market Profile & Trends Overview



Town and Country MO Market Report - August 2011

Property Sales

August Property sales were 9, up 125.0% from 4 in August of 2010 and 30.8% lower than the 13 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 67 are running 19.6% ahead of last year's year-to-date sales of 56.



Prices


The Median Sales Price in August was $470,000, down 28.0% from $652,450 in August of 2010 and down 27.7% from $650,000 last month. The Average Sales Price in August was $493,389, down 37.9% from $795,100 in August of 2010 and down 31.6% from $721,231 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 130, down 1.5% from 132 last month and up 4.0% from 125 in August of last year. August 2011 Inventory was at its highest 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 14.4 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 63, down 8.7% from 69 days last month and down 26.7% from 86 days in August of last year. The August 2011 DOM was at its lowest 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 $160 was down 12.7% from $183 last month and down 1.0% from 161 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 93.1% was up from 92.8% last month and up from 92.9% in August of last year.

Town and Country MO Market Report - August 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 20, up 17.6% from 17 last month and equal to 20 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

 

QR code

         

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Missouri Saint Louis County Town and Country
Groups:
Posts to Localism
Local Expert
Market Reports
30 Days In September 2011 Localism Posting Challenge
Tags:
market report
town and country
town and country mo market report
town and country mo

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
289,437
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Linda, you've done a great job with this report - not only providing the information but helping the reader understand the implications of these numbers.  I am impressed by your DOM.  So are you blogging from our Naples area? 

Oct 01, 2011 04:27 AM #1
Rainer
118,941
EC, JF, Double R and Zoey the Cool Cat
Russel Ray Photos - San Diego, CA

Hope you were able to get a few of those properties into your real estate portfolio!

Oct 10, 2011 04:32 PM #2
Rainmaker
214,121
Linda Graves Arnold
Coldwell Banker Gundaker-St. Louis, MO - Chesterfield, MO
St. Louis Real Estate Pro - 314-422-2762 - Referr
Hi Ellie, i actually posted before I headed south. We spent 6 days in Destin with PERFECT weather, then drove to Ft. Myers. We spent 5 rainy days with my dad and got home the other night. Between beaching, driving and spending quality time with my 82 year old dad, I haven't had much time to blog. Trying to get back on track while Jim is recuperating from hip surgery that he is having today.
Oct 14, 2011 03:48 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
214,121

Linda Graves Arnold

St. Louis Real Estate Pro - 314-422-2762 - Referr
Ask me a question
*
*
*
*
Spam prevention

Additional Information