real estate statistics for st. louis, mo 63137 including real estate & housing statistics
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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 - info@kelseycottrell.com314-779-3690
SAINT LOUIS, MO 631
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SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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
==
==
==
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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
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 Including Real Estate & Housing Statistics
7/11
Median List Price
Median Lot Size
19.8
Percent Relisted (reset DOM)
976
1.0
4 %
Median Number of Bathrooms
221
Inventory of Properties Listed
$ 64
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 64,875
42 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %
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
01098
2161.0 25
3.0
0
317
3.0 23
77
1
2
8,001 -10,000 sqft
$ 59,900
1
1
23
1.0
6,501 -8,000 sqft
21.0
9276,501 -
8,000 sqft
22
$ 30,900
3.0
281
6,501 -8,000 sqft$ 69,900
3.0$ 89,900
4
988
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
22
932
1.0
The median list price in SAINT LOUIS,MO 63137 this week is $64,875. The
90 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
90
$ 150,000
$ 11,000
$ 62,124
25
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.
Page 7 of 11
Single Family Home
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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 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 in this zip code generally settled at a plateau, although Quartile 3 has beendeclining in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the boardmove from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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 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 9 of 11
Single Family Hom
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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, 63137 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.82. 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
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8/14/2019 Real Estate Statistics for St. Louis, MO 63137 Including Real Estate & Housing Statistics
11/11
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 221 days. Half of the listings have come newly on the market in thepast 112 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
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