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

8/14/2019 Real Estate Statistics for Clayton, MO 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]

CLAYTON, M

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2/11

Median List Price

Median Lot Size

13.3

Percent Relisted (reset DOM)

3158

3.5

0 %

Median Number of Bathrooms

226

Inventory of Properties Listed

$ 284

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 929,000

38 %

4.0

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

05842

1622.5

3.0

1

250

4.0 10

157

0

0

1.0 - 2.5acres

1

$ 682,000

0

0

10

6.5

8,001 -10,000 sqft

14.5

18894,501 -

6,500 sqft

10

$ 427,450

4.0

348

0.25 - 0.50acre$ 1,380,000

5.0$ 2,495,000

0

4100

Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.

Monday February 15, 2010

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

9

2640

2.5

The median list price in CLAYTON, MOthis week is $929,000. The 39

properties have been on the marketfor an average of 226 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+

==

=

CLAYTON, M

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

39

$ 5,950,000

$ 289,900

$ 1,292,695

1

Trend Key:

In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics

Page 2 of 11

Single Family Home


3/11


City OverviewCLAYTON, M


Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesPricing trends have been lacking strong directional indication lately. Quartiles 4 and 2 are mixed, while Quartiles 3 and 1 are up.Look to persistent downward shift in the Market Action Index as a leading indicator for a plateau in the market as a whole.

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

Page 3 of 11

Single Family Hom


4/11




Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 4 of 11

Single Family Hom


5/11




Market Action IndexThe CLAYTON market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.29. 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


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


6/11




Days on MarketThe properties have been on the market for an average of 226 days. Half of the listings have come newly on the market in thepast 203 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

13.1

Percent Relisted (reset DOM)

3084

3.5

0 %

Median Number of Bathrooms

223

Inventory of Properties Listed

$ 284

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 947,000

36 %

4.0

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

05347

1632.5

3.0

1

255

4.0 9

114

0

0

1.0 - 2.5acres

1

$ 665,000

0

0

9

6.0

8,001 -10,000 sqft

04.5

19354,501 -

6,500 sqft

9

$ 449,900

4.0

359

0.25 - 0.50acre$ 1,374,999

5.0$ 2,495,000

0

3824

Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.



9

2637

2.5

The median list price in CLAYTON, MO63105 this week is $947,000. The 36

properties have been on the marketfor an average of 223 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+

==

=

CLAYTON, M6310

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

36

$ 5,950,000

$ 289,900

$ 1,294,919

1

Trend Key:

In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics

Page 7 of 11

Single Family Home


8/11


Neighborhood DetailCLAYTON, M

631


Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.


Quartile PricesIn the quartile market segments, we see prices for this zip code without strong directional indication lately. Quartiles 2 and 4are mixed, while Quartiles 1 and 3 are up. Look to persistent downward shift in the Market Action Index as a leading indicatorfor a plateau in the market as a whole.


Page 8 of 11

Single Family Hom


9/11



631


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.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 9 of 11

Single Family Hom


10/11



631


Market Action IndexThe CLAYTON, 63105 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.14. 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 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


11/11



631

Monday February 15 2010

Days on MarketThe properties have been on the market for an average of 223 days. Half of the listings have come newly on the market in thepast 203 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

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