Wildwood, MO Condo Market Report - September 2011
Market Profile & Trends Overview
Property Sales
September Property sales were 1, up from 0 in
September of 2010 and the same as the 1 sales last
month. September 2011 sales were at their highest
level compared to September of 2010 and 2009.
September YTD sales of 14 are running 180.0% ahead
of last year's year-to-date sales of 5.
Prices
The Median Sales Price in September was $72,000,
up from $0 in September of 2010 and down 20.0%
from $90,000 last month. The Average Sales Price in
September was $72,000, up from $0 in September of
2010 and down 20.0% from $90,000 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 20, down 13.0% from 23 last month and
down 23.1% from 26 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 20.0 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 104, down 38.1% from 168 days last
month and up from 0 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 $83
was down 15.4% from $98 last month and up from 0 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 97.3% was up from 90.0% last month and up from
0.0% in September of last year.
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 3, down 40.0% from 5 last month
and down 66.7% from 9 in September of last year.
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