Home Sales Chesterfield MO

By
Real Estate Agent with The Nett Group
https://activerain.com/droplet/MPg

 Home Sales Chesterfield, MO

This report reveals the actual state of Real Estate in Chesterfield, MO in an effort to educate sellers and buyers alike. On the chart below, we will see how the number of listings dropped from a year-high in June with 527 active homes to the year’s lowest point this month with only 329 active homes for sale. Correspondingly, the dollar volume of all homes took the same dive pattern from roughly $265million to a staggering $183million (Refer to image 1.2 below).

 

Image 1.1

Active Inventory, $ Value 2012

 

Image 1.2

Active Inventory


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

While it is surprising to note that the number of sales this year has been the highest since 2008 (Refer to the chart below), the median sale price of homes in Chesterfield, MO continues to take a nosedive from $390,000 in 2008 to this year’s $336,119.

Sale Price, Median

 
     

Year

Sale Price, Median

Sales, Number of

2008

$390,000

707

2009

$348,000

680

2010

$351,000

731

2011

$339,771

699

2012

$336,119

794

 

 As for the Cumulative Days on Market, indicating the total number of days a property has been available for sale.

CDOM 

   
     

Year

CDOM, Median

Sale Price, Median

2007

71

$378,000

2008

90

$390,000

2009

91

$348,000

2010

88

$351,000

2011

101

$339,771

2012

77

$336,119

 

The number of days a property is on the market will have a major effect on the amount that a buyer will decide to offer.  If they see a large number of days on the MLS they will assume the seller is desperate and make a low offer.

Should you have any questions or comments, feel free to call or text me at (314) 761-4057 or email me via Michael@TheNettGroup.com.

 

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Michael Nettemeyer

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