Chesterfield, MO

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

Market Profile & Trends Overview

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.



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.

Chesterfield, MO Condos Market Report - September 2011

Market Profile & Trends Overview

Property Sales

September Property sales were 10, equal to 10 in
September of 2010 and 44.4% lower than the 18 sales
last month. September 2011 sales were at their
lowest level compared to September of 2010 and
2009. September YTD sales of 118 are running 11.9%
behind last year's year-to-date sales of 134.


Prices

The Median Sales Price in September was $249,500,
down 35.6% from $387,500 in September of 2010
and up 16.2% from $214,750 last month. The
Average Sales Price in September was $292,500,
down 14.7% from $342,750 in September of 2010 and
up 33.1% from $219,816 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 161, down 0.6% from 162 last month and
down 20.3% from 202 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 16.1 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 234, up 93.4% from 121 days last month
and up 114.7% from 109 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 $122
was down 0.2% from $122 last month and down 13.8%
from 142 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 92.8% was down from 93.4% last month and up from
92.5% 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 29, down 14.7% from 34 last month
and up 7.4% from 27 in September of last year.

Chesterfield, MO Market Report - September 2011

Market Profile & Trends Overview

Property Sales

September Property sales were 33, up 6.5% from 31
in September of 2010 and 31.3% lower than the 48
sales last month. September 2011 sales were at a mid
level compared to September of 2010 and 2009.
September YTD sales of 345 are running 3.4% behind
last year's year-to-date sales of 357.


Prices

The Median Sales Price in September was $350,000,
up 4.5% from $335,000 in September of 2010 and
down 1.7% from $356,000 last month. The Average
Sales Price in September was $410,012, down 0.4%
from $411,602 in September of 2010 and up 4.9%
from $391,017 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 336, down 2.9% from 346 last month and
down 15.8% from 399 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 10.2 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 32.0% from 103 days last
month and down 19.5% from 87 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 $138
was up 6.9% from $129 last month and up 2.7% from
134 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 95.6% was up from 95.1% last month and up from
93.7% 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 81, up 15.7% from 70 last month
and down 3.6% from 84 in September of last year.

Chesterfield, MO Condo Market Report - August 2011

Market Profile & Trends Overview

Property Sales

August Property sales were 17, up 30.8% from 13 in August of 2010 and 21.4% higher than the 14 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 107 are running 13.7% behind last year's year-to-date sales of 124.


Prices

The Median Sales Price in August was $214,500, down 33.4% from $322,000 in August of 2010 and up 27.3% from $168,450 last month. The Average Sales Price in August was $212,526, down 31.2% from $308,923 in August of 2010 and up 2.2% from $207,886 last month. August 2011 ASP was at the lowest level compared to August of 2010 and 2009.


Inventory & MSI

The Total Inventory of Properties available for sale as of August was 162, equal to 162 last month and down 24.3% from 214 in August of last year. August 2011 Inventory was at its lowest level compared with August of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2011
MSI of 9.5 months was at its lowest level compared with August 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 August was 120, up 0.8% from 119 days last month and down 33.3% from 180 days in August of last year. The August 2011 DOM was at a mid level compared with August 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 August 2011 Selling Price per Square Foot of $118 was up 11.6% from $106 last month and down 8.4% from 129 in August 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 August 2011 Selling Price vs Original List Price of 93.3% was down from 96.2% last month and down from 95.4% in August 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 August 2011 was 34, up 47.8% from 23 last month and down 2.9% from 35 in August of last year.

Chesterfield, MO Market Report - August 2011

Chesterfield MO Market Report - August 2011

Market Profile & Trends Overview

Property Sales

August Property sales were 48, up 2.1% from 47 in
August of 2010 and 6.7% higher than the 45 sales last
month. August 2011 sales were at a mid level
compared to August of 2010 and 2009. August YTD
sales of 312 are running 4.3% behind last year's yearto-
date sales of 326.


Prices

The Median Sales Price in August was $356,000,
down 5.1% from $375,000 in August of 2010 and up
3.2% from $345,000 last month. The Average Sales
Price in August was $391,017, down 7.7% from
$423,486 in August of 2010 and up 7.1% from
$364,989 last month. August 2011 ASP was at the
lowest level compared to August of 2010 and 2009.



Inventory & MSI

The Total Inventory of Properties available for sale as of
August was 347, down 3.9% from 361 last month and
down 14.7% from 407 in August of last year. August 2011
Inventory was at its lowest level compared with August of
2010 and 2009. A comparatively lower MSI is more beneficial for sellers
while a higher MSI is better for buyers. The August 2011
MSI of 7.2 months was at its lowest level compared with
August 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
August was 103, up 3.0% from 100 days last month and
down 3.7% from 107 days in August of last year. The
August 2011 DOM was at a mid level compared with
August 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
August 2011 Selling Price per Square Foot of $129 was
down 5.3% from $136 last month and down 5.8% from
137 in August 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 August 2011 Selling Price vs Original List Price of
95.1% was down from 95.3% last month and down from
95.3% in August 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
August 2011 was 70, down 13.6% from 81 last month
and down 5.4% from 74 in August of last year.