Curious about the Arnold MO real estate market for October 2012?
Here are the results:
Market Profile & Trends Overview
|
Month
|
|
Median
List Price of all Current Listings
|
$164,839
|
|
Average
List Price of all Current Listings
|
$184,573
|
|
October
Median Sales Price
|
$132,000
|
|
October
Average Sales Price
|
$139,178
|
|
Total
Properties Currently for Sale (Inventory)
|
240
|
|
October
Number of Properties Sold
|
27
|
|
October
Average Days on Market (Solds)
|
88
|
|
Asking Price
per Square Foot (based
on New Listings)
|
$104
|
|
October
Sold Price per Square Foot
|
$87
|
|
October
Month's Supply of Inventory
|
8.9
|
|
October
Sale Price vs List Price Ratio
|
98.3%
|
Property Sales
October property sales were 27, up 22.7% from 22 in October
of 2011 and 42.1% higher than the 19 sales in September 2012. October 2012 sales were at their highest
level compared to October of 2011 and 2010.
October YTD sales of 302 are running 13.5% ahead of last year's
year-to-date sales of 266.
Prices
The Median Sales Price in October was $132,000, down 14.4%
from $154,250 in October of 2011 and down 9.0% from $145,000 last month. The Average Sales Price (ASP) in October was
$139,178, down 10.6% from $155,674 in October of 2011 and down 3.4% from
$144,048 September 2012. October 2012 ASP
was at a mid range compared to October of 2011 and 2010.
Inventory & Months of Salable Inventory (MSI)
The Total Inventory of Properties available for sale as
of October was 240, down 4.4% from 251
last month and down 19.2% from 297 in October of last year. October 2012 Inventory was at its lowest
level compared with October of 2011 and 2010.
A comparatively lower MSI is more beneficial for sellers
while a higher MSI is better for buyers.
The October 2012 MSI of 8.9 months was at its lowest level compared with
October of 2011 and 2010.
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 October
was 88, up 20.5% from 73 days last month and down 8.3% from 96 days in October
2011. The October 2012 DOM was at
a mid level compared with October of 2011 and 2010.
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 October 2012 Selling Price per Square
Foot of $87 was down 11.2% from $98 September 2012 and up 1.3% from 86 in October
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 October 2012
Selling Price vs Original List Price of 98.3% was up from 97.3% in September 2012 and
up from 97.4% in October of last year.
Inventory / New Listings / Sales
This view of the market combines monthly inventory of
properties for sale along with New Listings and Sales. The number of New Listings in October 2012
was 57, up 11.8% from 51 September 2012 and up 32.6% from 43 in October of last
year.
Source
NRT Market Quest
Market Share and Market Analysis System
NRT Market Quest
Market Share and Market Analysis System
Presented By
Bob Weibrecht
Realtor
Coldwell Banker Gundaker
314-852-9566 / 636-461-2000
www.HeyBobStL.com
FYI - The goal of this blog is to provide general information related to the buying and selling of residential real estate. The reader is highly encouraged to consult the services of a professional real estate agent during the transaction. This blog is not a substitute for any type of professional assistance which may be required.
