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8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
1/11
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, MO 631
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
http://www.stlouisrealestatetoday.com/http://www.stlouisrealestatetoday.com/8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
2/11
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.
Page 2 of 11
Single Family Home
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
3/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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
Page 3 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
4/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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
Page 4 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
5/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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.
Page 5 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
6/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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
Page 6 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
7/11
Median List Price
Median Lot Size
17.7
Percent Relisted (reset DOM)
1293
2.0
2 %
Median Number of Bathrooms
221
Inventory of Properties Listed
$ 69
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 89,450
42 %
3.0
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
6 01653
2391.5
3.0
3
319
3.0 27
125
2
1
0.25 - 0.50acre
$ 79,000
4
1
27
2.2
0.25 - 0.50acre
12.0
9606,501 -
8,000 sqft
26
$ 39,900
3.0
203
0.25 - 0.50acre$ 109,950
3.0$ 139,950
2
2
1410
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
26
1090
1.0
The median list price in SAINT LOUIS,MO 63138 this week is $89,450. The
106 properties have been on themarket for an average of 221 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 6313
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
106
$ 699,900
$ 18,900
$ 103,742
17
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.
Page 7 of 11
Single Family Home
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
8/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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 most of this zip code trending higher in recent weeks. However the high-endof the market (Quartile 1) is showing some weakness. Prices in Quartile 1 have been trending down lately. If this trendcontinues, expect downward price pressures on the rest of the market to follow. Look to the Market Action Index Quartilebreakdown to see a leading indicator for each quartile.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
9/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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
Page 9 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
10/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAINT LOU
MO 631
Monday February 15, 2010
Market Action IndexThe SAINT LOUIS, 63138 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.69. 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.
age 10 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for St. Louis, MO 63138 Including Real Estate & Housing Statistics
11/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAINT LOU
MO 631
Monday February 15 2010
Days on MarketThe properties have been on the market for an average of 221 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
Page 11 of 11
Single Family Hom