Lake St Louis MO Market Report - August 2011

By
Real Estate Agent with Coldwell Banker Gundaker-St. Louis, MO
http://actvra.in/kkk

Lake St Louis MO Market Report - August 2011


 Market Profile & Trends Overview

 

Lake St Louis MO Market Stats

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.

     Lake St Louis MO Market Stats            

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.

 

Posted by

               

Linda

Linda Graves Arnold, ABR, CRS, GRI, e-PRO
Coldwell Banker Gundaker
"Bringing Families Home"
Cell phone:  314-422-2762
Office:  636-391-1122
email:  Linda@LindaandJim.com
website:  www.LindaandJim.com

 

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