Chesterfield, MO $600,000 - $1,000,000 Market Report - September 2011

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

Chesterfield, MO $600,000 - $1,000,000 Market Report - September 2011

Market Profile & Trends Overview



Chesterfield MO Home Sale Market Report sep 2011

Property Sales


September Property sales were 2, equal to 2 in
September of 2010 and 71.4% lower than the 7 sales
last month. September 2011 sales were at their
lowest level compared to September of 2010 and
2009. September YTD sales of 33 are running equal
to last year's year-to-date sales of 33.



Prices


The Median Sales Price in September was $756,500,
down 20.3% from $949,450 in September of 2010
and down 0.8% from $762,500 last month. The
Average Sales Price in September was $756,500,
down 20.3% from $949,450 in September of 2010
and up 4.7% from $722,757 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 46, up 2.2% from 45 last month and down
30.3% from 66 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 23.0 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 70, down 46.6% from 131 days last
month and down 55.7% from 158 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 $170
was up 5.5% from $161 last month and down 2.7% from
174 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 92.3% was down from 95.8% last month and down
from 93.4% 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 13, up 225.0% from 4 last month
and up 85.7% from 7 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

 

QR code

         

Comments (0)

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

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