real estate statistics for st. louis, mo 63106 including real estate & housing statistics

8/14/2019 Real Estate Statistics for St. Louis, MO 63106 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]

SAINT LOUIS, MO 631

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SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
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2/11

Median List Price

Median Lot Size

17.4

Percent Relisted (reset DOM)

1319

1.5

2 %

Median Number of Bathrooms

209

Inventory of Properties Listed

$ 91

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 119,900

40 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

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

8 272125

2341.0 3

2.0

63

182

3.0 701

196

88

39

8,001 -10,000 sqft

25

$ 89,900

54

88

702

2.5

4,501 -6,500 sqft

432.0

10084,501 -

6,500 sqft

701

$ 39,900

3.0

225

4,501 -6,500 sqft$ 149,900

3.0$ 259,900

4

65

1332

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

701

1092

1.0

The median list price in SAINT LOUIS,MO this week is $119,900. The 2805

properties have been on the marketfor 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+

==

=

SAINT LOUM

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

2805

$ 2,599,000

$ 10,100

$ 155,127

23

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.

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Single Family Home


3/11


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City OverviewSAINT LOU

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.

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.


Page 4 of 11

Single Family Hom


5/11



M


Market Action IndexThe SAINT LOUIS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.39. 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.

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Single Family Hom


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M


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 126 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

6.3

Percent Relisted (reset DOM)

1872

2.5

0 %

Median Number of Bathrooms

383

Inventory of Properties Listed

$ 49

Percent Flip (price increased)

Less than 4,500 sqft

Median House Size (sq ft)

$ 125,000

14 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

0 %

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

01828

2901.8

2.0

0

536

3.0 2

354

0

0

Less than4,500 sqft

$ 102,500

0

0

2

3.0

Less than4,500 sqft

02.2

2094Less than

4,500 sqft

2

$ 20,950

4.0

322

4,501 -6,500 sqft$ 159,450

3.0$ 199,000

0

2272

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.



1

1882

2.0

The median list price in SAINT LOUIS,MO 63106 this week is $125,000. The

7 properties have been on the marketfor an average of 383 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+

==

=

SAINT LOUMO 6310

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

7

$ 199,000

$ 16,900

$ 109,257

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 DetailSAINT LOU

MO 631


Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see the market without strong directional trend lately. Prices in Quartiles 3 and 4 havebeen mixed in recent weeks, while Quartile 2 is up and Quartile 1 is down. Look to the Market Action Index to determine whenwe may see a shift in prices from these current levels.


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Single Family Hom


9/11



MO 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 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.


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Single Family Hom


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MO 631


Market Action IndexThe SAINT LOUIS, 63106 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 6.28. 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 631

Monday February 15 2010

Days on MarketThe properties have been on the market for an average of 383 days. Half of the listings have come newly on the market in thepast 392 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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