Town and Country, MO Condo Market Report - September 2011

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

Town and Country, MO Condo Market Report - September 2011

Market Profile & Trends Overview


Town and Country MO Market Report - September 2011

Property Sales


September Property sales were 1, down 66.7% from 3
in September of 2010 and higher than the 0 sales last
month. September 2011 sales were at a mid level
compared to September of 2010 and 2009.
September YTD sales of 5 are running 28.6% behind
last year's year-to-date sales of 7.



Prices


The Median Sales Price in September was $560,000,
up 60.0% from $350,000 in September of 2010 and
up from $0 last month. The Average Sales Price in
September was $560,000, up 69.7% from $330,000
in September of 2010 and up from $0 last month.
September 2011 ASP was at the highest level
compared to September of 2010 and 2009.


Inventory & MSI

The Total Inventory of Properties available for sale as of
September was 5, equal to 5 last month and up 25.0%
from 4 in September of last year. September 2011
Inventory was at a mid 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 5.0 months was at its highest 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 48, up from 0 days last month and
down 76.5% from 204 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 $217
was up from $0 last month and up 111.3% from 103 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 96.7% was up from 0.0% last month and up from
95.4% 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 1, equal to 1 last month and down
50.0% 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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Rainer
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Sam Thompson
BIC Services, LLC - Fayetteville, NC
BIC Services, LLC

Good statistics!  I know you wish you had more sales to report on!

Oct 15, 2011 04:27 PM #1
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Rainmaker
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Linda Graves Arnold

St. Louis Real Estate Pro - 314-422-2762 - Referr
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