real estate statistics for florissant, mo 63033 including real estate & housing statistics

8/14/2019 Real Estate Statistics for Florissant, MO 63033 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]

FLORISSANT, M630

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2/11

Median List Price

Median Lot Size

15.8

Percent Relisted (reset DOM)

1344

2.0

1 %

Median Number of Bathrooms

229

Inventory of Properties Listed

$ 90

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 119,900

44 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

13 %

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

2 62034

2162.0 2

3.0

18

202

3.0 204

188

22

9

0.25 - 0.50acre

58

$ 109,450

24

22

204

2.5

8,001 -10,000 sqft

82.0

10826,501 -

8,000 sqft

204

$ 79,900

3.0

309

8,001 -10,000 sqft$ 129,900

4.0$ 189,700

2

16

1390

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

204

1135

1.5

The median list price in FLORISSANT,MO this week is $119,900. The 816

properties have been on the marketfor an average of 229 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+

==

=

FLORISSANM

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

816

$ 770,000

$ 20,000

$ 133,123

48

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.

Page 2 of 11

Single Family Home


3/11


City OverviewFLORISSAN

M


Median PriceThis week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over thelast several weeks.

90-day Average7-day Average

Quartile PricesWhile prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trendinglower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to theMarket Action Index as a leading indicator of the bottom of the market.

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

Page 3 of 11

Single Family Hom


4/11



M


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.


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.


Page 4 of 11

Single Family Hom


5/11



M


Market Action IndexThe FLORISSANT market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.77. 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



M


Days on MarketThe properties have been on the market for an average of 229 days. Half of the listings have come newly on the market in thepast 147 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

16.9

Percent Relisted (reset DOM)

1390

2.0

1 %

Median Number of Bathrooms

209

Inventory of Properties Listed

$ 84

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 116,900

35 %

3.0

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

21737

2332.0 2

3.0

6

173

3.0 62

200

2

4

0.25 - 0.50acre

$ 109,900

5

6

62

2.5

8,001 -10,000 sqft

32.0

12098,001 -

10,000 sqft

62

$ 81,900

3.0

229

8,001 -10,000 sqft$ 125,000

3.0$ 152,500

2

5

1391

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.



61

1274

2.0

The median list price in FLORISSANT,MO 63033 this week is $116,900. The

247 properties have been on themarket for 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+

==

=

FLORISSANMO 6303

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

247

$ 269,900

$ 40,000

$ 118,958

2

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.

Page 7 of 11

Single Family Home


8/11


Neighborhood DetailFLORISSAN

MO 630


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.


Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.


Page 8 of 11

Single Family Hom


9/11



MO 630


Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


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.


Page 9 of 11

Single Family Hom


10/11



MO 630


Market Action IndexThe FLORISSANT, 63033 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.89. 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



MO 630

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 140 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

real estate statistics for florissant, mo 63033 including real estate & housing statistics

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