real estate statistics for ballwin, mo including real estate & housing statistics

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  • 8/14/2019 Real Estate Statistics for Ballwin, MO Including Real Estate & Housing Statistics

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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]

    BALLWIN, M

    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 Ballwin, MO Including Real Estate & Housing Statistics

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    Median List Price

    Median Lot Size

    15.8

    Percent Relisted (reset DOM)

    2136

    2.5

    2 %

    Median Number of Bathrooms

    211

    Inventory of Properties Listed

    $ 128

    Percent Flip (price increased)

    0.25 - 0.50 acre

    Median House Size (sq ft)

    $ 254,900

    39 %

    4.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    11 %

    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

    33245

    1692.5 15

    3.0

    8

    195

    3.0 105

    193

    10

    6

    0.25 - 0.50acre

    6

    $ 219,900

    10

    10

    106

    3.5

    0.25 - 0.50acre

    72.5

    13100.25 - 0.50

    acre

    105

    $ 169,950

    4.0

    288

    0.25 - 0.50acre$ 310,000

    4.0$ 484,700

    4

    2514

    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

    105

    1822

    2.0

    The median list price in BALLWIN, MOthis week is $254,900. The 421

    properties have been on the marketfor an average of 211 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, M

    City Overview

    Least Expensive Listing

    Average List Price

    Average Age of Listing

    421

    $ 875,000

    $ 19,000

    $ 305,639

    10

    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,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

    Page 2 of 16

    Single Family Home

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

    City OverviewBALLWIN, M

    Monday February 15, 2010

    Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

    90-day Average7-day Average

    Quartile PricesPrice weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the MarketAction Index as a leading indicator of the bottom of the market.

    First/Top Second/Upper Third/Lower Fourth/Bottom

    Page 3 of 16

    Single Family Hom

  • 8/14/2019 Real Estate Statistics for Ballwin, MO Including Real Estate & Housing Statistics

    4/16

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

    City OverviewBALLWIN, M

    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 4 of 16

    Single Family Hom

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

    City OverviewBALLWIN, M

    Monday February 15, 2010

    Market Action IndexThe BALLWIN market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 15.81. 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 16

    Single Family Hom

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

    City OverviewBALLWIN, M

    Monday February 15, 2010

    Days on MarketThe properties have been on the market for an average of 211 days. Half of the listings have come newly on the market in thepast 133 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 16

    Single Family Hom

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    Median List Price

    Median Lot Size

    15.8

    Percent Relisted (reset DOM)

    2128

    2.5

    0 %

    Median Number of Bathrooms

    187

    Inventory of Properties Listed

    $ 126

    Percent Flip (price increased)

    0.25 - 0.50 acre

    Median House Size (sq ft)

    $ 249,900

    43 %

    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

    43100

    1922.0

    3.0

    3

    174

    3.0 43

    176

    6

    2

    0.25 - 0.50acre

    6

    $ 219,900

    7

    8

    44

    3.5

    0.25 - 0.50acre

    32.5

    14820.25 - 0.50

    acre

    43

    $ 179,900

    4.0

    206

    0.25 - 0.50acre$ 294,000

    4.0$ 455,000

    0

    2411

    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

    43

    1890

    2.0

    The median list price in BALLWIN, MO63011 this week is $249,900. The 173

    properties have been on the marketfor an average of 187 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, M630

    Neighborhood Detail

    Least Expensive Listing

    Average List Price

    Average Age of Listing

    173

    $ 749,900

    $ 134,000

    $ 296,751

    6

    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 16

    Single Family Home

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

    Neighborhood DetailBALLWIN, M

    63

    Monday February 15, 2010

    Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

    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

    Page 8 of 16

    Single Family Hom

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

    Neighborhood DetailBALLWIN, M

    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

    Page 9 of 16

    Single Family Hom

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    10/16

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

    Neighborhood DetailBALLWIN, M

    63

    Monday February 15, 2010

    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 15.84. 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 16

    Single Family Hom

  • 8/14/2019 Real Estate Statistics for Ballwin, MO Including Real Estate & Housing Statistics

    11/16

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

    Neighborhood DetailBALLWIN, M

    63

    Monday February 15, 2010

    Days on MarketThe properties have been on the market for an average of 187 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

    Page 11 of 16

    Single Family Hom

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    Median List Price

    Median Lot Size

    15.6

    Percent Relisted (reset DOM)

    2141

    2.5

    4 %

    Median Number of Bathrooms

    228

    Inventory of Properties Listed

    $ 130

    Percent Flip (price increased)

    0.25 - 0.50 acre

    Median House Size (sq ft)

    $ 264,500

    37 %

    4.0

    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

    13446

    1652.5 15

    3.0

    3

    243

    3.0 62

    194

    4

    4

    0.50 - 1.0acre

    $ 220,000

    5

    2

    62

    3.5

    8,001 -10,000 sqft

    23.0

    12488,001 -

    10,000 sqft

    62

    $ 169,200

    4.0

    310

    0.25 - 0.50acre$ 319,950

    4.0$ 495,400

    4

    2550

    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

    62

    1784

    2.0

    The median list price in BALLWIN, MO63021 this week is $264,500. The 248

    properties have been on the marketfor an average of 228 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, M630

    Neighborhood Detail

    Least Expensive Listing

    Average List Price

    Average Age of Listing

    248

    $ 875,000

    $ 19,000

    $ 311,838

    15

    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,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

    age 12 of 16

    Single Family Home

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

    Neighborhood DetailBALLWIN, M

    630

    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 price for this zip code in general with price stagnation in recent weeks. Quartile 4 isdown, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage fora prolonged price decline.

    First/Top Second/Upper Third/Lower Fourth/Bottom

    age 13 of 16

    Single Family Hom

  • 8/14/2019 Real Estate Statistics for Ballwin, MO Including Real Estate & Housing Statistics

    14/16

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

    Neighborhood DetailBALLWIN, M

    630

    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

    age 14 of 16

    Single Family Hom

  • 8/14/2019 Real Estate Statistics for Ballwin, MO Including Real Estate & Housing Statistics

    15/16

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

    Neighborhood DetailBALLWIN, M

    630

    Monday February 15, 2010

    Market Action IndexThe BALLWIN, 63021 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.57. 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 15 of 16

    Single Family Hom

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    16/16

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

    Neighborhood DetailBALLWIN, M

    630

    Days on MarketThe properties have been on the market for an average of 228 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

    Single Family Hom