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Town and Country, MO $600,000 - $1,000,000 Market Report - September 2011

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

Town and Country, MO $600,000 -$1,000,000 Market Report - September 2011

Market Profile & Trends Overview


Town and Country MO Market Report - September 2011

Property Sales


September Property sales were 0, down 100.0% from
1 in September of 2010 and 100.0% lower than the 2
sales last month. September 2011 sales were at their
lowest level compared to September of 2010 and
2009. September YTD sales of 21 are running 16.0%
behind last year's year-to-date sales of 25.



Prices


The Median Sales Price in September was $0, down
100.0% from $719,000 in September of 2010 and
down 100.0% from $736,000 last month. The
Average Sales Price in September was $0, down
100.0% from $719,000 in September of 2010 and
down 100.0% from $736,000 last month. September
2011 ASP was at a mid range compared to September
of 2010 and 2009.


Inventory & MSI

The Total Inventory of Properties available for sale as of
September was 39, down 13.3% from 45 last month and
down 4.9% from 41 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 0.0 months was
at a mid 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 0, down 100.0% from 49 days last
month and down 100.0% from 46 days in September of
last year. The September 2011 DOM was at a mid 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 $0 was
down 100.0% from $186 last month and down 100.0%
from 169 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 0.0% was down from 94.8% last month and down
from 100.0% in September of last year.


Town and Country MO Market Report - September 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 6, down 14.3% from 7 last month
and up 200.0% from 2 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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