“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Sharon Overschmidt - Broker/Manager St Louis & Jefferson Co. (314) 221-1038

Oakville, 63129 Market Report July - August 2011

Oakville, 63129 Market Report July-August 2011
The Oakville market has maintained home values for most of the previous year and is starting to climb. Over the last 12 months, Oakville Home Values have risen 18.8% from an average sale price of $207,000 in August 2010 to an average sale price of $246,000 in August 2011. Below are the monthly statistics from July 2011 to August 2011.

# of Homes for Sale
July - 145
August - 143

# of Homes Sold
July - 17
August - 25

# of Homes Pending
July - 26
August - 37

Avg Active Price - $261,000 UP 0.8% since July 2011
Avg Sold Price - $246,000 UP 10.3% since July 2011
Avg Sold Price to Active List Price Difference - 97% UP 2.1% since July 2011
Sold Price to Original List Price Difference - 94% - UP 3% since July 2011
Avg Days on Market - 84 Avg DOM is DOWN 28.2% since July 2011
Months of Inventory based on CLOSED SALES - 5.7 months DOWN 32.9% since July 2011 and DOWN 41.2% from one year ago. (Months of Inventory is based on the number of Active listings currently on the market and IF no other properties are listed for sale, at the current CLOSED Sales rate, we would have 5.7 months of inventory homes)