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 |  | | Chesterfield City Park | |

|
2005 |
2006 |
2007 |
2008 |
2009 |
| # Sold |
93 |
90 |
81 |
75 |
53 |
| Low |
192,000 |
215,000 |
220,000 |
135,900 |
185,000 |
| High |
1,175,000 |
900,000 |
1,500,000 |
856,000 |
1,075,000 |
| Avg |
407,397 |
407,589 |
422,420 |
385,306 |
393,446 |
| Med |
324,900 |
343,200 |
370,000 |
330,000 |
355,000 |
| DOM |
47 |
53 |
69 |
88 |
82 |
| SP/LP |
96.91% |
97.21% |
96.84% |
89.91% |
92.85% |
| Avg Appreciation |
7.8% |
0.4% |
3.6% |
-8.8% |
2.1% | MARQUETTE HIGH SCHOOL (ROCKWOOD)
|
2005 |
2006 |
2007 |
2008 |
2009 |
| # Sold |
194 |
172 |
157 |
152 |
140 |
| Low |
215,000 |
202,000 |
195,000 |
165,000 |
159,800 |
| High |
2,526,078 |
1,995,000 |
2,200,000 |
2,100,000 |
1,500,000 |
| Avg |
509,790 |
518,752 |
537,194 |
526,686 |
456,112 |
| Med |
445,500 |
475,500 |
480,000 |
451,675 |
406,000 |
| DOM |
61 |
63 |
80 |
81 |
91 |
| SP/LP |
96,37% |
95.51% |
94.84% |
91.21% |
89.54% |
| Avg Appreciation |
7.0% |
1.8% |
3.6% |
-2.0% |
-13.4% |
LAFAYETTE HIGH SCHOOL (ROCKWOOD)
|
2005 |
2006 |
2007 |
2008 |
2009 |
| # Sold |
20 |
21 |
18 |
71 |
52 |
| Low |
503,000 |
550,000 |
260,000 |
250,000 |
162,000 |
| High |
1,400,000 |
1,160,735 |
582,500 |
1,500,000 |
2,625,000 |
| Avg |
777,611 |
795,256 |
468,083 |
607,558 |
573,800 |
| Med |
765,000 |
810,000 |
561,750 |
575,000 |
550,250 |
| DOM |
65 |
81 |
167 |
135 |
114 |
| SP/LP |
94.81% |
97.75% |
95.16% |
86.70% |
87.45% |
| Avg Appreciation |
1.8% |
2.3% |
3.6% |
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CONDO/VILLA RECAP The following is a synopsis of the condo/villa market in the Chesterfield area for 2009.
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Parkway Central |
Parkway West |
Marquette (Rockwood)
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| Units Sold |
80 |
27 |
17 |
| High SP |
675,000 |
499,900 |
769,000 |
| Low SP |
90,000 |
112,000 |
178,500 |
| Average SP |
249,692 |
199,702 |
410,691 |
| Avg. Days on Market |
147 |
135 |
133 |
| SP/LP |
84.06% |
83.47% |
84.77% | Please feel free to contact me if you have any questions about the Chesterfield area, or any other community in the St. Louis or St. Charles areas. 
Buyers Remorse >For Sale to SOLD
It takes a lot more than a "For Sale" sign in the front yard, a Multiple Listing entry, and an occasional ad in the classifieds to get a listing sold. When real estate agents sell a house, we sometimes have to "sell" it again and again before the contract is actually signed by the buyers and sellers.
Many events must occur before the closing. The house must be "sold" to the buyers' relatives, the home inspector, the appraiser, and other experts. The buyers must secure a mortgage. At some point during the process, the buyers may go through a serious case of "buyers' remorse" and consider backing out of the transaction. Since the transaction could potentially fall through at any step in the process, you will find the services of a professional real estate agent invaluable. Agents continue to present the house in the best light possible and use thier professional skills to solve any problems that may arise.
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| Q |
What economic factor can make the purchase of a home an excellent long-term investment?
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| A |
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time. |
See More Real Estate Trivia > |
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