Lake Saint Louis, MO

Lake St Louis MO Real Estate Month over Month Statistics Sept. 2010 vs Sept. 2011

Lake Saint Louis MO began in 1966 as a private recreational lake community envisioned by developer Mr. R. T. Crow. In June of 1967, the Lake Saint Louis declaration of covenants and restrictions was signed and recorded. For the next 12 years, the sole governing entity in the community was the Community Association. It was not until May of 1975 that the community also became a city under the Revised Statutes of Missouri.

Lake Saint Louis MO offers municipal services to the residents, including police, parks, public works, community development, municipal court, snow removal, building inspection and code enforcement. There is a beautiful new Civic Center located at 200 Civic Center Drive to serve the residents. It is home to both the City Hall and Lake Saint Louis Police Department.

The average list price of homes that closed in Lake St Louis MO in Sept. 2010 was $305,621.

The average list price of homes that closed in Lake St Louis MO in Sept. 2011 was $232,120.

The average sale price of homes that closed in Lake St Louis MO in Sept. 2010 was $289,274.

The average sale price of homes that closed in Lake St Louis MO in Sept. 2011 was $221,370.

The average market time for the homes that closed in Lake St Louis MO in Sept. 2010 was 91 days.

The average market time for the homes that closed in Lake St Louis MO in Sept. 2011 was 125 days.

There are currently 199 homes in for sale in Lake St Louis MO. These homes range in size from 2 bedrooms to 5+ bedrooms all of which are in various price ranges.

*All information is deemed reliable, but not guaranteed per mls dated 10/8/2011

Lake St Louis MO Market Report - August 2011

Market Profile & Trends Overview

Property Sales

August Property sales were 22, up 83.3% from 12 in August of 2010 and 29.4% higher than the 17 sales last month. August 2011 sales were at a mid level compared to August of 2010 and 2009. August YTD sales of 150 are running 2.0% behind last year's year to-date sales of 153.

Prices

The Median Sales Price in August was $210,950, up 0.6% from $209,750 in August of 2010 and up 24.1% from $170,000 last month. The Average Sales Price (ASP) in August was $256,827, up 11.1% from $231,208 in August of 2010 and up 24.1% from $206,889 last month. August 2011 ASP was at the highest level compared to August of 2010 and 2009.

Inventory and MSI

The Total Inventory of Properties available for sale as of August was 226, down 7.0% from 243 last month and down 4.2% from 236 in August of last year. August 2011 Inventory was at its lowest level compared with August of 2010 and 2009. A comparatively lower Months Supply of Inventory (MSI) is more beneficial for sellers while a higher MSI is better for buyers. The August 2011 MSI of 10.3 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 72, down 15.3% from 85 days last month and down 20.9% from 91 days in August of last year. The August 2011 DOM was at its lowest 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 $113 was up 24.7% from $91 last month and up 1.3% from 112 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 95.5% was down from 97.9% last month and down from 95.7% 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, down 41.4% from 58 last month and down 26.1% from 46 in August of last year.

Lake St Louis MO Real Estate Month over Month Statistics March 2010 vs March 2011

Lake Saint Louis MO began in 1966 as a private recreational lake community envisioned by developer Mr. R. T. Crow. In June of 1967, the Lake Saint Louis declaration of covenants and restrictions was signed and recorded. For the next 12 years, the sole governing entity in the community was the Community Association. It was not until May of 1975 that the community also became a city under the Revised Statutes of Missouri.

Lake Saint Louis MO offers municipal services to the residents, including police, parks, public works, community development, municipal court, snow removal, building inspection and code enforcement. There is a beautiful new Civic Center located at 200 Civic Center Drive to serve the residents. It is home to both the City Hall and Lake Saint Louis Police Department.

The average list price of homes that closed in Lake St Louis MO in March 2010 was $255,629.
The average list price of homes that closed in Lake St Louis MO in March 2011 was $276,058.

The average sale price of homes that closed in Lake St Louis MO in March 2010 was $241,585.
The average sale price of homes that closed in Lake St Louis MO in March 2011 was $261,543.

The average market time for the homes that closed in Lake St Louis MO in March 2010 was 87 days.
The average market time for the homes that closed in Lake St Louis MO in March 2011 was 146 days.

There are currently 184 homes in for sale in Lake St Louis MO. These homes range in size from 2 bedrooms to 5+ bedrooms all of which are in various price ranges.

*All information is deemed reliable, but not guaranteed per mls dated 4/7/2011

For more information on Lake St Louis MO or if you are interested in buying or selling your home here, please call Don Rogers at 314-954-6776. Or you can click here to email me with your inquiries.

Lake St Louis MO Real Estate Month over Month Statistics January 2010 vs January 2011

Lake Saint Louis MO began in 1966 as a private recreational lake community envisioned by developer Mr. R. T. Crow. In June of 1967, the Lake Saint Louis declaration of covenants and restrictions was signed and recorded. For the next 12 years, the sole governing entity in the community was the Community Association. It was not until May of 1975 that the community also became a city under the Revised Statutes of Missouri.

Lake Saint Louis MO offers municipal services to the residents, including police, parks, public works, community development, municipal court, snow removal, building inspection and code enforcement. There is a beautiful new Civic Center located at 200 Civic Center Drive to serve the residents. It is home to both the City Hall and Lake Saint Louis Police Department.

The average list price of homes that closed in Lake St Louis MO in January 2010 was $320,950.
The average list price of homes that closed in Lake St Louis MO in January 2011 was $246,187.

The average sale price of homes that closed in Lake St Louis MO in January 2010 was $309,000.
The average sale price of homes that closed in Lake St Louis MO in January 2011 was $234,688.

The average market time for the homes that closed in Lake St Louis MO in January 2010 was 214 days.
The average market time for the homes that closed in Lake St Louis MO in January 2011 was 144 days.

There are currently 129 homes in for sale in Lake St Louis MO. These homes range in size from 2 bedrooms to 5+ bedrooms all of which are in various price ranges.

*All information is deemed reliable, but not guaranteed per mls dated 2/7/2011

For more information on Lake St Louis MO or if you are interested in buying or selling your home here, please call Don Rogers at 314-954-6776. Or you can click here to email me with your inquiries.

Lake Saint Louis MO began in 1966 as a private recreational lake community envisioned by developer Mr. R. T. Crow. In June of 1967, the Lake Saint Louis MO declaration of covenants and restrictions was signed and recorded. For the next 12 years, the sole governing entity in the community was the Community Association. It was not until May of 1975 that the community also became a city under the Revised Statutes of Missouri.

Lake Saint Louis MO offers municipal services to the residents, including police, parks, public works, community development, municipal court, snow removal, building inspection and code enforcement. There is a beautiful new Civic Center located at 200 Civic Center Drive to serve the residents. It is home to both the City Hall (636.625.1200) and Lake Saint Louis Police Department (636.625. 8018).

Through 2010* in Lake St Louis MO, there were a total of 234 homes sold. This is an increase of 7 homes sold from the same period in 2009.

The average list price of homes that closed in Lake St Louis MO in 2009 was $256,453.

The average list price of homes that closed in Lake St Louis MO in 2010 was $304,814.

The average sale price of homes that closed in Lake St Louis MO in 2009 was $244,570.

The average sale price of homes that closed in Lake St Louis MO in 2010 was $289,814.

The average market time for the homes that closed in Lake St Louis MO in 2009 was 105 days.

The average market time for the homes that closed in Lake St Louis MO in 2010 was 92 days.

There are currently 132 homes in for sale in Lake St Louis MO. These homes range in size from 2 bedrooms to 5+ bedrooms all of which are in various price ranges.

*All information is deemed reliable, but not guaranteed per mls dated 1/10/2011

For more information on Lake St Louis MO or if you are interested in buying or selling your home here, please call Don Rogers at 314-954-6776. Or you can click here to email me with your inquiries.