How Ballwin Real Estate is Performing in 2011
Here’s a fun, interactive chart for all of you data hounds and geeks (like us). You simply point your mouse along the data lines to see how the median price, inventory and days on the market fluctuate throughout the year.
Are you interested in the market activity by month, year, or for several years? Just click the time frames in the upper left hand corner of the page to see 1 month, 3 month, 6 month, yearly performance … and data going back to 2008.
Median Home Prices in Ballwin Missouri
Terms and Definitions
Let’s talk about a few terms first:
The MEDIAN is price is the market price for a given period of time where half the homes sold for higher and half sold for less.
The Total Inventory is the number of homes for sale at any given moment. Average Days on Market is the number of days it typically takes to sell in any particular market.
When our buyers get focused on a favorite property we zoom in on the particular subdivision and similar homes that are for sale within a close proximity. This gives us an even clearer picture as to the pricing of the home. This chart is here to give you an overview of this particular market in Ballwin.
Ballwin Real Estate Market Observations
Ballwin, in our opinion, has weathered the latest real estate turmoil relatively well. In October of 2010 the median price was $243,849 as compared with the latest statistics we have as of the end of September 2011 where the median price was at $236,188 which is about a 3.14% drop in price.
Current conditions (see the chart above) show inventory still at seasonal highs while median prices have dropped to levels that were first present at the beginning of the spring ($236,665). Lots of inventory and prices at before the buying rush spring prices where as you can see prices increase pretty rapidly.
Bottom Line: There are some great opportunities in the Ballwin area. Ballwin has received favorable news from the national media recently when Money Magazine ranked it as one of the 100 Best Places to Live in the nation. The area is also supported by the award winning Rockwood School District and Parkway School District both of which have received State and National attention.
Ballwin Homes for Sale
Click here to see Ballwin Homes for Sale by Price If you would like to know more about the Ballwin area contact Finding Homes for You at 636-532-4200. Finding Homes for You is a local real estate company that only works for buyers.
- Ballwin Makes Money Magazine’s Top Places to Live List for 2011
- Parkway School District Earns Perfect Score from Missouri Department of Elementary and Secondary Education