Finding Homes for You Real Estate Market Update for BALLWIN_MO Zip Code 63011

8/9/2019 Finding Homes for You Real Estate Market Update for BALLWIN_MO Zip Code 63011

1/11

MARKET UPDATEFinding Homes for You

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofAugust 23, 2010

Presented by Finding Homes for YouFinding Homes For You, Incwww.FindingHomesForYou.com - [email protected]

BALLWIN, MO 63

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC


2/11

Median List Price

Median Lot Size

13.5

Percent Relisted (reset DOM)

2104

2.5

2 %

Median Number of Bathrooms

138

Inventory of Properties Listed

$ 128

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 243,900

54 %

4.0

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

2 173241

1092.5 9

3.0

6

120

3.0 141

120

6

10

0.25 - 0.50acre

0

$ 214,900

8

1

141

3.5

0.25 - 0.50acre

72.5

13250.25 - 0.50

acre

141

$ 168,000

4.0

203

0.25 - 0.50acre$ 300,000

4.0$ 493,200

0

11

2480

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.

Monday August 23, 2010

Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659

140

1796

2.0

The median list price in BALLWIN, MOthis week is $243,900. The 563

properties have been on the marketfor an average of 138 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+

==

=

BALLWIN,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

563

$ 2,949,000

$ 89,900

$ 302,713

7

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.

Page 2 of 11

Single Family Home


3/11


4/11


City OverviewBALLWIN,


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 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.


Page 4 of 11

Single Family Hom


5/11




Market Action IndexThe BALLWIN market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 13.49. 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

changes.

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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

Page 5 of 11

Single Family Hom


6/11




Days on MarketThe properties have been on the market for an average of 138 days. Half of the listings have come newly on the market in thepast 98 or so days.


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.


Page 6 of 11

Single Family Hom


7/11

Median List Price

Median Lot Size

14.6

Percent Relisted (reset DOM)

2275

2.5

2 %

Median Number of Bathrooms

120

Inventory of Properties Listed

$ 124

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 264,900

54 %

4.0

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

2 143202

1132.5 0

3.0

3

115

4.0 57

128

3

4

0.25 - 0.50acre

0

$ 229,900

4

1

57

3.5

0.25 - 0.50acre

32.5

14180.25 - 0.50

acre

56

$ 178,500

4.0

126

0.25 - 0.50acre$ 318,500

4.0$ 427,900

0

7

2547

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.



56

2026

2.0

The median list price in BALLWIN, MO63011 this week is $264,900. The 226

properties have been on the marketfor an average of 120 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+

==

=

BALLWIN, MO 63

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

226

$ 1,225,000

$ 99,900

$ 301,453

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.

Page 7 of 11

Single Family Home


8/11


Neighborhood DetailBALLWIN, MO 63


Median PriceDespite this week's down tic, the price trend in this zip code remains upward for several weeks. We're within sight of the marketpeak, and we'll assume this week's change is just randomness unless we see a persistent downward push of the Market ActionIndex into the Buyer's zone.


Quartile PricesIn the quartile market segments, we see prices in this zip code with a lack of strong directional indication lately. Quartile 4 isdown, Quartile 1 is essentially flat, while Quartiles 2 and 3 are up in recent weeks. Slack demand sometimes takes hold at eitherend of the market and converges on the center. Watch for persistent shifts in the Market Action Index for a leading indicator ofstronger price moves in the market as a whole.


Page 8 of 11

Single Family Hom


9/11




Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.


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.


Page 9 of 11

Single Family Hom


10/11




Market Action IndexThe BALLWIN, 63011 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.55. 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.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

age 10 of 11

Single Family Hom


11/11



Monday August 23 2010

Days on MarketThe properties have been on the market for an average of 120 days. Half of the listings have come newly on the market in thepast 84 or so days.


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.


Page 11 of 11

Single Family Hom

Documents

Finding Homes for You Real Estate Market Update for BALLWIN_MO Zip Code 63011