Chesterfield, MO Market Report - September 2011

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

Chesterfield, MO Market Report - September 2011

Market Profile & Trends Overview



Chesterfield MO Home Sale Market Report sep 2011

Property Sales


September Property sales were 33, up 6.5% from 31
in September of 2010 and 31.3% lower than the 48
sales last month. September 2011 sales were at a mid
level compared to September of 2010 and 2009.
September YTD sales of 345 are running 3.4% behind
last year's year-to-date sales of 357.



Prices


The Median Sales Price in September was $350,000,
up 4.5% from $335,000 in September of 2010 and
down 1.7% from $356,000 last month. The Average
Sales Price in September was $410,012, down 0.4%
from $411,602 in September of 2010 and up 4.9%
from $391,017 last month. September 2011 ASP was
at the lowest level compared to September of 2010
and 2009.


Inventory & MSI

The Total Inventory of Properties available for sale as of
September was 336, down 2.9% from 346 last month and
down 15.8% from 399 in September of last year.
September 2011 Inventory was at its lowest level
compared with September of 2010 and 2009. A comparatively
lower MSI is more beneficial for sellers while a higher MSI is
better for buyers. The September 2011 MSI of 10.2 months
was at its lowest level compared with September 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
September was 70, down 32.0% from 103 days last
month and down 19.5% from 87 days in September of
last year. The September 2011 DOM was at its lowest
level compared with September 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
September 2011 Selling Price per Square Foot of $138
was up 6.9% from $129 last month and up 2.7% from
134 in September 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 September 2011 Selling Price vs Original List Price
of 95.6% was up from 95.1% last month and up from
93.7% in September of last year.


Chesterfield MO Home Sale Market Report sep 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
September 2011 was 81, up 15.7% from 70 last month
and down 3.6% from 84 in September 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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