real estate statistics for des peres, mo including real estate & housing statistics

8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics

1/16

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 Group www.kelseycottrell.com - [email protected]

DES PERES, MO

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2/16

Median List Price

Median Lot Size

11.9

Percent Relisted (reset DOM)

2426

2.5

7 %

Median Number of Bathrooms

272

Inventory of Properties Listed

$ 162

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 407,500

41 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

22 %

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

46400

1712.5

3.0

3

336

4.0 19

196

2

2

0.50 - 1.0acre

49

$ 339,000

2

0

19

4.5

0.25 - 0.50acre

23.0

1448 0.25 - 0.50acre

19

$ 209,000

4.0

383

0.25 - 0.50acre$ 599,000

4.0$ 1,000,000

4

2881

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.

Monday February 15, 2010

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

19

2087

2.0

The median list price in DES PERES,MO this week is $407,500. The 76properties have been on the marketfor an average of 272 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 trendSlight upward trend Slight downward trend+

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DES PERES, MOCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

76

$ 3,975,000$ 129,900

$ 692,044

49

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.

age 2 of 16

Single Family Homes in


3/16

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

DES PERES, MO


Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.

90-day Average7-day Average

Quartile PricesPricing in the upper-half of the market (Quartiles 1 and 2) has been relatively flat recently while the lower-half prices haveremained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the Market Action Index Quartilebreakdown for a leading indicator on which group will lead the market in the near future.

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

age 3 of 16



4/16


DES PERES, MO


Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.


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.


age 4 of 16



5/16


DES PERES, MO


Market Action IndexThe DES PERES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 11.91. 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.

age 5 of 16



6/16


DES PERES, MO


Days on MarketThe properties have been on the market for an average of 272 days. Half of the listings have come newly on the market in thepast 164 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.


age 6 of 16



7/16

Median List Price

Median Lot Size

12.1


2448

2.5

8 %


301


$ 160


0.25 - 0.50 acre


$ 435,450

40 %

4.0

Market Action Index



26 %


Strong Buyer's

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


45819

1922.5

3.0

2

440

4.0 16

246

1

1

1.0 - 2.5acres

49

$ 364,950

2

0

16

4.5

0.25 - 0.50acre

13.5

1474 0.25 - 0.50acre

15

$ 212,000

4.0

338

0.25 - 0.50acre$ 749,000

4.0$ 1,000,000

1

3321




15

2226

2.0

The median list price in DES PERES,MO 63131 this week is $435,450. The62 properties have been on themarket for an average of 301 days.






No change


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DES PERES, MO6313

Neighborhood Detail


Average List Price


62

$ 3,975,000$ 129,900

$ 739,177

49

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.

age 7 of 16



8/16

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

DES PERES, MO631


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 in most of this zip code trending higher in recent weeks. However the upper-middle section of the market (Quartile 2) is showing some weakness lately. Major trend changes typically start from the top orthe bottom of the market, so it is difficult to identify this as a significant indicator. Watch the Market Action Index Quartilebreakdown for Quartiles 1 and 2 for persistent weakness before projecting this narrow downtrend onto the market as a whole.


age 8 of 16



9/16


DES PERES, MO631


Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.




age 9 of 16



10/16


DES PERES, MO631


Market Action IndexThe DES PERES, 63131 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 12.08. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





ge 10 of 16



11/16


DES PERES, MO631






age 11 of 16



12/16

Median List Price

Median Lot Size

10.7


2068

2.5

0 %


142


$ 168


0.50 - 1.0 acre


$ 319,450

43 %

3.0

Market Action Index



7 %


Strong Buyer's

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


03325

1102.2

3.0

1

147

3.5 4

128

0

0

1.0 - 2.5acres

$ 289,900

0

1

4

3.0

0.25 - 0.50acre

23.0

1382 8,001 -10,000 sqft

3

$ 209,000

4.0

199

1.0 - 2.5acres$ 499,900

4.0$ 799,900

3

2517




3

2002

2.0

The median list price in DES PERES,MO 63122 this week is $319,450. The14 properties have been on themarket for an average of 142 days.






No change


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DES PERES, MO63122

Neighborhood Detail


Average List Price


14

$ 1,780,000$ 195,000

$ 483,314

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.

ge 12 of 16



13/16


DES PERES, MO6312


Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.


Quartile PricesIn most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any priceincreases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.


ge 13 of 16



14/16


DES PERES, MO6312


Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.




ge 14 of 16



15/16


DES PERES, MO6312


Market Action IndexThe DES PERES, 63122 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 10.70. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





ge 15 of 16



16/16


DES PERES, MO6312






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