real estate statistics for st. charles, mo including real estate & housing statistics

8/14/2019 Real Estate Statistics for St. Charles, MO Including Real Estate & Housing Statistics

1/21

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]

SAINT CHARLES, M

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2/21

Median List Price

Median Lot Size

14.4

Percent Relisted (reset DOM)

2050

2.5

9 %

Median Number of Bathrooms

210

Inventory of Properties Listed

$ 123

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 228,914

40 %

3.0

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

36 33140

1852.5 40

3.0

27

220

3.0 185

146

27

8

0.50 - 1.0acre

6

$ 194,900

27

16

185

3.5

8,001 -10,000 sqft

92.5

12058,001 -

10,000 sqft

185

$ 145,000

4.0

289

0.25 - 0.50acre$ 275,000

4.0$ 499,000

11

2314

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

Monday February 15, 2010

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

185

1758

2.0

The median list price in SAINTCHARLES, MO this week is $228,914.

The 740 properties have been on themarket for an average of 210 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+

==

=

SAINCHARLES, M

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

740

$ 2,999,000

$ 47,900

$ 298,872

32

Trend Key:

The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.

Page 2 of 21

Single Family Home


3/21


City OverviewSAI

CHARLES, M


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 21

Single Family Hom


4/21


City OverviewSAI

CHARLES, M


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 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 21

Single Family Hom


5/21


City OverviewSAI

CHARLES, M


Market Action IndexThe SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.43. 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 21

Single Family Hom


6/21


City OverviewSAI

CHARLES, M


Days on MarketThe properties have been on the market for an average of 210 days. Half of the listings have come newly on the market in thepast 130 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 21

Single Family Hom


7/21

Median List Price

Median Lot Size

14.1


2161

2.5

8 %


214


$ 122


0.25 - 0.50 acre


$ 239,900

39 %

4.0

Market Action Index



10 %


Strong Buyer's

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


48 03659

1772.5

3.0

13

240

4.0 79

134

8

6

0.50 - 1.0acre

2

$ 204,850

21

4

79

3.5

0.25 - 0.50acre

33.0

13448,001 -

10,000 sqft

79

$ 159,900

4.0

307

0.25 - 0.50acre$ 304,900

4.0$ 716,432

5

2542

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.



78

1974

2.0

The median list price in SAINTCHARLES, MO 63304 this week is

$239,900. The 315 properties havebeen on the market for an average of214 days.






No change



==

=

SAINCHARLES, M

Neighborhood Detail


Average List Price


315

$ 2,999,000

$ 65,900

$ 366,269

25

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 21

Single Family Home


8/21


Neighborhood DetailSAI

CHARLES, M


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 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.


Page 8 of 21

Single Family Hom


9/21



CHARLES, M


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.




Page 9 of 21

Single Family Hom


10/21



CHARLES, M


Market Action IndexThe SAINT CHARLES, 63304 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 14.09. With several months of inventory available at the current sales rate, buyers should find amplechoice.


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.





age 10 of 21

Single Family Hom


11/21



CHARLES, M






Page 11 of 21

Single Family Hom


12/21

Median List Price

Median Lot Size

14.7


2245

2.5

16 %


191


$ 120


0.25 - 0.50 acre


$ 258,900

44 %

3.0

Market Action Index



14 %


Strong Buyer's

==

==

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


23 22757

2032.5 40

3.0

2

179

3.0 52

129

4

1

0.25 - 0.50acre

$ 221,400

5

5

52

2.5

0.25 - 0.50acre

22.5

14068,001 -

10,000 sqft

52

$ 160,000

4.0

254

0.25 - 0.50acre$ 294,900

4.0$ 379,900

2

2440

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



51

2204

2.0








No change



==

=

SAINCHARLES, M

Neighborhood Detail


Average List Price


207

$ 1,250,000

$ 81,900

$ 275,785

32

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

age 12 of 21

Single Family Home


13/21



CHARLES, M


Median PriceYou can see that prices in this zip code are marching upward and that we're getting close to the market's all time high. Watchfor persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strengthsubsiding.


Quartile PricesIn the quartile market segments, we see the zip code's recent price weakness evident at the upper-half of the market (Quartiles1 and 2). Quartile 3 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it willlikely resume the trend of the rest of the market.


age 13 of 21

Single Family Hom


14/21



CHARLES, M


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.




age 14 of 21

Single Family Hom


15/21


16/21



CHARLES, M






age 16 of 21

Single Family Hom


17/21

Median List Price

Median Lot Size

13.5


1582

2.0

3 %


223


$ 126


8,001 - 10,000 sqft


$ 189,200

39 %

3.0

Market Action Index



9 %


Strong Buyer's

==

==

==

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


32565

1622.0 6

3.0

7

250

3.0 55

151

5

1

8,001 -10,000 sqft

70

$ 164,900

8

15

55

3.0

8,001 -10,000 sqft

12.5

10148,001 -

10,000 sqft

54

$ 125,000

3.0

328

8,001 -10,000 sqft$ 225,000

4.0$ 325,000

5

1760

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.



54

1347

1.0








No change



==

=

SAINCHARLES, M

Neighborhood Detail


Average List Price


218

$ 1,295,000

$ 47,900

$ 223,408

38

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 17 of 21

Single Family Home


18/21



CHARLES, M


Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.


Quartile PricesIn the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have beenmixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market ActionIndex as a leading indicator of the trough in the market.


age 18 of 21

Single Family Hom


19/21



CHARLES, 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.




age 19 of 21

Single Family Hom


20/21



CHARLES, M


Market Action IndexThe SAINT CHARLES, 63301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 13.47. With several months of inventory available at the current sales rate, buyers should find amplechoice.


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.





age 20 of 21

Single Family Hom


21/21



CHARLES, M





Single Family Hom

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