Wildwood, MO Market Report - September 2011

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

Wildwood, MO Market Report - September 2011

Market Profile & Trends Overview



Wildwood MO Market Stats Sep 2011

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.


Wildwood MO Market Stats Sep 2011

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.

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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