Wildwood, MO Condo Market Report - September 2011
Market Profile & Trends Overview
Property Sales
September Property sales were 1, up from 0 in
September of 2010 and the same as the 1 sales last
month. September 2011 sales were at their highest
level compared to September of 2010 and 2009.
September YTD sales of 14 are running 180.0% ahead
of last year's year-to-date sales of 5.
Prices
The Median Sales Price in September was $72,000,
up from $0 in September of 2010 and down 20.0%
from $90,000 last month. The Average Sales Price in
September was $72,000, up from $0 in September of
2010 and down 20.0% from $90,000 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 20, down 13.0% from 23 last month and
down 23.1% from 26 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 20.0 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 104, down 38.1% from 168 days last
month and up from 0 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 $83
was down 15.4% from $98 last month and up from 0 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 97.3% was up from 90.0% last month and up from
0.0% 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 3, down 40.0% from 5 last month
and down 66.7% from 9 in September of last year.
Wildwood, MO Market Report - September 2011
Market Profile & Trends Overview
Property Sales
September Property sales were 26, up 13.0% from 23
in September of 2010 and 21.2% lower than the 33
sales last month. September 2011 sales were at their
highest level compared to September of 2010 and
2009. September YTD sales of 206 are running 2.8%
behind last year's year-to-date sales of 212.
Prices
The Median Sales Price in September was $337,000,
down 8.9% from $370,000 in September of 2010
and down 3.7% from $350,000 last month. The
Average Sales Price in September was $389,900,
down 7.7% from $422,419 in September of 2010 and
down 1.8% from $396,864 last month. September
2011 ASP was at a mid range compared to September
of 2010 and 2009.
Inventory & MSI
The Total Inventory of Properties available for sale as of
September was 246, down 8.6% from 269 last month and
down 16.6% from 295 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 9.5 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 128, up 13.3% from 113 days last month
and up 14.3% from 112 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 $141
was up 2.2% from $138 last month and up 3.4% from
136 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 94.8% last month and up from
94.2% 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 32, down 36.0% from 50 last
month and down 23.8% from 42 in September of last
year.
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.
Congratulations to the National League Champions for 2011 - The St. Louis Cardinals!!
Those of us in St. Louis who are Cardinal fans - The best baseball fans ever - last night was a pretty exciting night. The Cardinals had a job to do in Milwaukee and they did what they had to do. They Won!
All season long, the Cardinals have not been leading the National League. In fact, as the season wound down, it appeared that the Cardinals' season was nearly over. Down over 10 1/2 games near the end of August, the fact that the Cardinals are in the World Series is truly a Cinderella story. We can't discount the Rally Squirrel either. For those of you who haven't heard of the Rally Squirrel, you must watch the short video below to get up to speed. St. Louis has been overtaken by Rally Squirrel fever. Even the players are swearing by the Squirrel.
The following is the schedule for the 2011 World Series.
Game 1: Wednesday, October 19 - St. Louis @ 7:05 p.m.
Game 2: Thursday, October 20 - St. Louis @ 7:05 p.m.
Game 3: Saturday, October 22 - Arlington, TX @ 7:05 p.m.
Game 4: Sunday October 23 - Arlington, TX @ 7:05 p.m.
Game 5: *Monday, October 24 - Arlington, TX @ 7:05 p.m.
Game 6: *Wednesday, October 26 - St. Louis @ 7:05 p.m.
Game 7: *Thursday, October 27 - St. Louis @ 7:05 p.m.
* if necessary
Cardinal Nation will be attending the games or glued to their TVs. As Jack Buck's famous call said: "Go Crazy Folks, Go Crazy" There are no better fans in the nation than those in Cardinal Nation. GO CARDS!
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