It has been a great year for real estate across the country and the St. Louis metro has followed the same trend, but how is the Ballwin / Ellisville housing market doing this year?
The short answer is that this is the best real estate market Ballwin has ever seen. Looking back ten years you can see that the available inventory of homes for sale has continued to fall year after year while the number of sales continues to rise. The collision of the falling blue inventory line into the rising red sale line is going to make for an interesting 2017 where we should see prices rise once again.
Looking at over 1,100 single family Ballwin / Ellisville home sales this year, an interesting stat is the sale price to list price ratio is around 99% (Median 98.8 and Average 98.6). This means that homes priced correctly are selling quickly at around 99% of list price.
Within 63021 and 63011 only six homes have sold this year with a sale price over $600k. The highest Ballwin home sale so far in 2016 was $850k which was for an atrium ranch at 701 St. Paul Rd.
If you are considering selling your home, now is one of the best times to do so. While we can’t predict the future, it does appear that 2017 will also bring rising home prices in Ballwin.
High end homes in Ballwin and Ellisville (63011 and 63021) Interior / Exterior Photos: http://bit.ly/2erjcDR
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