kelsey cottrell realty comprehensive market update ballwin mo

8/14/2019 Kelsey Cottrell Realty Comprehensive Market Update Ballwin MO

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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 ofJanuary 17, 2011

· Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Group www.kelseycottrell.com - [email protected]

BALLWIN, M

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



Median List Price

Median Lot Size

14.7

Percent Relisted (reset DOM)

2074

3.0

2 %

Median Number of Bathrooms

175

Inventory of Properties Listed

$ 121

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 229,900

52 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

13 %

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

1 33226

1403.0 1

3.0

7

153

3.0 108

145

10

6

0.25 - 0.50acre

1

$ 199,998

10

4

108

4.0

0.25 - 0.50acre

53.0

13400.25 - 0.50

acre

108

$ 149,950

4.0

263

0.25 - 0.50acre$ 275,000

4.0$ 469,950

1

4

2297

Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.

Monday January 17, 2011

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

108

1734

2.0

The median list price in BALLWIN, MOthis week is $229,900. The 432

properties have been on the marketfor an average of 175 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±+

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BALLWIN,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

432

$ 749,900

$ 47,900

$ 277,674

1

Trend Key:

Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However, asthe supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

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Single Family Home




City OverviewBALLWIN,


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 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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Single Family Hom




City OverviewBALLWIN,


Market Action IndexThe BALLWIN market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 14.65. 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 Buyer’sAdvantage 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.

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Single Family Hom

kelsey cottrell realty comprehensive market update ballwin mo

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