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MARKET UPDATEKelsey Cottrell Realty's
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofFebruary 15, 2010
Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Groupwww.kelseycottrell.com - [email protected]
SAINT LOUIS, M
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SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
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Median List Price
Median Lot Size
17.4
Percent Relisted (reset DOM)
1319
1.5
2 %
Median Number of Bathrooms
209
Inventory of Properties Listed
$ 91
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 119,900
40 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
8 272125
2341.0 3
2.0
63
182
3.0 701
196
88
39
8,001 -10,000 sqft
25
$ 89,900
54
88
702
2.5
4,501 -6,500 sqft
432.0
10084,501 -
6,500 sqft
701
$ 39,900
3.0
225
4,501 -6,500 sqft$ 149,900
3.0$ 259,900
4
65
1332
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
701
1092
1.0
The median list price in SAINT LOUIS,MO this week is $119,900. The 2805
properties have been on the marketfor an average of 209 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUM
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
2805
$ 2,599,000
$ 10,100
$ 155,127
23
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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City OverviewSAINT LOU
M
Monday February 15, 2010
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
90-day Average7-day Average
Quartile PricesPrices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a downtrend soon.
First/Top Second/Upper Third/Lower Fourth/Bottom
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City OverviewSAINT LOU
M
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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City OverviewSAINT LOU
M
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.39. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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City OverviewSAINT LOU
M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 209 days. Half of the listings have come newly on the market in thepast 126 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
17.4
Percent Relisted (reset DOM)
1328
1.2
2 %
Median Number of Bathrooms
235
Inventory of Properties Listed
$ 64
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 80,900
42 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
11906
2471.0 1
3.0
2
304
2.0 28
180
0
3
4,501 -6,500 sqft
$ 64,000
2
1
28
2.0
Less than4,500 sqft
11.5
1039Less than
4,500 sqft
28
$ 36,700
3.0
211
Less than4,500 sqft$ 90,950
3.0$ 159,900
3
1300
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
28
1063
1.0
The median list price in SAINT LOUIS,MO 63111 this week is $80,900. The
112 properties have been on themarket for an average of 235 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 63
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
112
$ 690,000
$ 12,000
$ 100,568
1
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices across the quartiles of this zip code not tightly correlated recently. Prices inQuartile 1 and 4 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent upshift in the Market Action Index as a leading indicator of the trough in the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63111 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.38. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 6
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 235 days. Half of the listings have come newly on the market in thepast 140 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
15.0
Percent Relisted (reset DOM)
2101
2.5
2 %
Median Number of Bathrooms
280
Inventory of Properties Listed
$ 70
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 160,000
38 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
23476
1672.0
3.5
1
332
4.5 14
325
1
1
0.25 - 0.50acre
$ 115,950
1
1
14
3.5
6,501 -8,000 sqft
02.8
1711Less than
4,500 sqft
14
$ 44,450
4.0
299
4,501 -6,500 sqft$ 267,450
4.0$ 479,000
2
2760
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
13
2035
1.5
The median list price in SAINT LOUIS,MO 63112 this week is $160,000. The
55 properties have been on themarket for an average of 280 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
55
$ 2,225,000
$ 25,000
$ 303,806
Trend Key:
Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63112 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.99. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 280 days. Half of the listings have come newly on the market in thepast 140 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
15.9
Percent Relisted (reset DOM)
1248
1.5
2 %
Median Number of Bathrooms
157
Inventory of Properties Listed
$ 131
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 159,900
51 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
13 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
01816
1571.0 1
2.0
3
110
2.0 41
185
4
1
4,501 -6,500 sqft
3
$ 149,900
9
6
41
2.0
Less than4,500 sqft
22.0
1004Less than
4,500 sqft
41
$ 119,000
3.0
178
Less than4,500 sqft$ 179,900
3.0$ 239,900
3
1365
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
40
1102
1.0
The median list price in SAINT LOUIS,MO 63109 this week is $159,900. The
163 properties have been on themarket for an average of 157 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 6310
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
163
$ 399,000
$ 56,000
$ 177,740
2
Trend Key:
In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see pricing across most of the zip code relatively strong recently. While Quartile 4 isbasically flat, all other segments are in an up trend period. Unless the Market Action Index has a persistent downward shift,expect that Quartile 4 will assume a similar trend with the other groups.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63109 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.91. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 157 days. Half of the listings have come newly on the market in thepast 105 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
14.4
Percent Relisted (reset DOM)
1787
2.0
4 %
Median Number of Bathrooms
186
Inventory of Properties Listed
$ 100
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 149,250
45 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
+
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
8 12544
1311.5
2.0
1
259
3.0 19
216
2
1
Less than4,500 sqft
$ 130,000
0
2
19
2.5
Less than4,500 sqft
22.0
1156Less than
4,500 sqft
18
$ 79,900
3.0
142
Less than4,500 sqft$ 184,400
3.0$ 279,450
3
2
1787
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
18
1666
1.0
The median list price in SAINT LOUIS,MO 63110 this week is $149,250. The
74 properties have been on themarket for an average of 186 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
74
$ 529,000
$ 12,000
$ 172,941
6
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have beenmixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market ActionIndex as a leading indicator of the trough in the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63110 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.40. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in thepast 119 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
17.6
Percent Relisted (reset DOM)
1080
1.0
3 %
Median Number of Bathrooms
264
Inventory of Properties Listed
$ 43
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 49,900
21 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
2 31179
2821.0
2.5
0
232
2.0 10
169
2
0
Less than4,500 sqft
$ 36,500
0
1
10
1.5
Less than4,500 sqft
01.0
1095Less than
4,500 sqft
10
$ 19,900
2.0
387
Less than4,500 sqft$ 67,000
3.0$ 85,000
2
1024
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
9
1018
1.0
The median list price in SAINT LOUIS,MO 63115 this week is $49,900. The
39 properties have been on themarket for an average of 264 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
39
$ 153,000
$ 11,000
$ 52,097
2
Trend Key:
Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesNot surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All havebeen increasing in price lately. Watch for a persistent decline in the Market Action Index as a leading indicator for the top of themarket.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63115 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.64. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 264 days. Half of the listings have come newly on the market in thepast 224 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
17.5
Percent Relisted (reset DOM)
1078
1.0
2 %
Median Number of Bathrooms
227
Inventory of Properties Listed
$ 92
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 99,900
41 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
+
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
18 51370
3111.0 5
2.0
8
216
2.0 71
228
10
3
Less than4,500 sqft
$ 89,150
13
11
71
1.5
Less than4,500 sqft
31.0
960Less than
4,500 sqft
70
$ 55,000
2.0
154
Less than4,500 sqft$ 114,900
3.0$ 150,900
85
5
1062
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
70
1006
1.0
The median list price in SAINT LOUIS,MO 63116 this week is $99,900. The
282 properties have been on themarket for an average of 227 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
282
$ 399,900
$ 14,900
$ 108,854
34
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63116 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.47. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 227 days. Half of the listings have come newly on the market in thepast 140 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
12.5
Percent Relisted (reset DOM)
1937
2.0
2 %
Median Number of Bathrooms
230
Inventory of Properties Listed
$ 38
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 77,700
43 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
01978
2271.2
4.0
2
314
3.5 11
244
1
3
6,501 -8,000 sqft
$ 40,500
1
0
11
2.5
4,501 -6,500 sqft
12.5
16794,501 -
6,500 sqft
11
$ 17,500
4.0
134
4,501 -6,500 sqft$ 99,900
4.0$ 139,900
0
2041
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
11
2298
1.8
The median list price in SAINT LOUIS,MO 63113 this week is $77,700. The
44 properties have been on themarket for an average of 230 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
44
$ 259,000
$ 10,100
$ 79,160
Trend Key:
The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code without strong directional indication lately. Quartiles 1 and 4 aremixed, while Quartile 3 is up and Quartile 2 is down. Look to persistent shifts in the Market Action Index as a leading indicatorfor strong moves (up or down) in the market as a whole.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63113 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 12.55. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 230 days. Half of the listings have come newly on the market in thepast 126 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
15.8
Percent Relisted (reset DOM)
1048
1.0
0 %
Median Number of Bathrooms
171
Inventory of Properties Listed
$ 67
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 72,900
40 %
2.5
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
Percent of Properties with Price Decrease
Strong Buyer's
+
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
31297
1511.0
2.0
0
187
2.0 24
164
0
0
8,001 -10,000 sqft
$ 60,950
1
2
24
2.0
8,001 -10,000 sqft
01.0
9366,501 -
8,000 sqft
24
$ 26,285
3.0
184
6,501 -8,000 sqft$ 80,900
3.0$ 129,900
2
1104
Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
23
904
1.0
The median list price in SAINT LOUIS,MO 63114 this week is $72,900. The
95 properties have been on themarket for an average of 171 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 63
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
95
$ 179,900
$ 15,000
$ 73,903
Trend Key:
Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63114 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.83. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 171 days. Half of the listings have come newly on the market in thepast 126 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
13.6
Percent Relisted (reset DOM)
2088
2.5
2 %
Median Number of Bathrooms
299
Inventory of Properties Listed
$ 109
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 202,450
42 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
Percent of Properties with Price Decrease
Strong Buyer's
+
+
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
22371
3162.0
3.0
1
284
3.0 32
248
2
1
4,501 -6,500 sqft
$ 182,450
3
2
32
2.5
Less than4,500 sqft
12.5
1926Less than
4,500 sqft
32
$ 109,900
3.0
350
Less than4,500 sqft$ 247,000
3.0$ 423,950
8
1
1996
With inventory and days-on-marketbasically unchanged and the MarketAction Index decreasing, the marketis not sending strong directional signalfor the near-term outlook.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
32
1720
1.8
The median list price in SAINT LOUIS,MO 63104 this week is $202,450. The
128 properties have been on themarket for an average of 299 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 6310
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
128
$ 1,100,000
$ 12,900
$ 252,077
8
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63104 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.61. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 299 days. Half of the listings have come newly on the market in thepast 182 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
11.7
Percent Relisted (reset DOM)
1656
1.5
0 %
Median Number of Bathrooms
255
Inventory of Properties Listed
$ 20
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 35,000
16 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
02249
3021.0
3.0
0
148
2.0 5
196
0
0
4,501 -6,500 sqft
$ 29,900
0
0
5
2.0
Less than4,500 sqft
01.0
1477Less than
4,500 sqft
5
$ 19,900
3.0
402
Less than4,500 sqft$ 59,900
3.0$ 162,400
0
1324
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
4
1774
1.5
The median list price in SAINT LOUIS,MO 63107 this week is $35,000. The
19 properties have been on themarket for an average of 255 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 6310
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
19
$ 179,000
$ 11,500
$ 61,032
Trend Key:
Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code without strong directional trend lately. Prices in Quartiles 2 and3 have been down in recent weeks, while Quartile 4 has been mixed and Quartile 1 is up. Look to the Market Action Index todetermine when we may see a shift in prices from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63107 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 11.69. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 255 days. Half of the listings have come newly on the market in thepast 189 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
15.5
Percent Relisted (reset DOM)
2904
2.5
6 %
Median Number of Bathrooms
262
Inventory of Properties Listed
$ 121
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 342,500
35 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
18 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
3 15148
2052.5
4.0
0
281
3.0 18
263
1
0
0.25 - 0.50acre
$ 267,450
1
1
18
3.5
4,501 -6,500 sqft
02.5
21844,501 -
6,500 sqft
18
$ 67,500
4.0
303
4,501 -6,500 sqft$ 383,050
5.0$ 899,000
3
2630
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
17
2453
2.5
The median list price in SAINT LOUIS,MO 63108 this week is $342,500. The
71 properties have been on themarket for an average of 262 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 6310
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
71
$ 2,599,000
$ 10,900
$ 457,281
3
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see most of the market for this zip code showing price weakness lately. Notice however,that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand hasfallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest pricehomes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63108 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.55. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 262 days. Half of the listings have come newly on the market in thepast 168 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Median List Price
Median Lot Size
6.3
Percent Relisted (reset DOM)
1872
2.5
0 %
Median Number of Bathrooms
383
Inventory of Properties Listed
$ 49
Percent Flip (price increased)
Less than 4,500 sqft
Median House Size (sq ft)
$ 125,000
14 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
01828
2901.8
2.0
0
536
3.0 2
354
0
0
Less than4,500 sqft
$ 102,500
0
0
2
3.0
Less than4,500 sqft
02.2
2094Less than
4,500 sqft
2
$ 20,950
4.0
322
4,501 -6,500 sqft$ 159,450
3.0$ 199,000
0
2272
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
1
1882
2.0
The median list price in SAINT LOUIS,MO 63106 this week is $125,000. The
7 properties have been on the marketfor an average of 383 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAINT LOUMO 6310
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
7
$ 199,000
$ 16,900
$ 109,257
Trend Key:
In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market without strong directional trend lately. Prices in Quartiles 3 and 4 havebeen mixed in recent weeks, while Quartile 2 is up and Quartile 1 is down. Look to the Market Action Index to determine whenwe may see a shift in prices from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63106 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 6.28. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Ma