real estate statistics for st. louis, mo 63137 including real estate & housing statistics

8/14/2019 Real Estate Statistics for St. Louis, MO 63137 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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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

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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

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.

Page 2 of 11

Single Family Home


3/11


City OverviewSAINT LOU

M


Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.

90-day Average7-day Average

Quartile PricesPrices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a downtrend soon.

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 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


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 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

19.8

Percent Relisted (reset DOM)

976

1.0

4 %

Median Number of Bathrooms

221

Inventory of Properties Listed

$ 64

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 64,875

42 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

6 %

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

01098

2161.0 25

3.0

0

317

3.0 23

77

1

2

8,001 -10,000 sqft

$ 59,900

1

1

23

1.0

6,501 -8,000 sqft

21.0

9276,501 -

8,000 sqft

22

$ 30,900

3.0

281

6,501 -8,000 sqft$ 69,900

3.0$ 89,900

4

988

Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.



22

932

1.0

The median list price in SAINT LOUIS,MO 63137 this week is $64,875. The

90 properties have been on themarket for an average of 221 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 6313

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

90

$ 150,000

$ 11,000

$ 62,124

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 11

Single Family Home


8/11


Neighborhood DetailSAINT LOU

MO 631


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 prices in this zip code generally settled at a plateau, although Quartile 3 has beendeclining in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the boardmove from these levels.


Page 8 of 11

Single Family Hom


9/11



MO 631


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 9 of 11

Single Family Hom


10/11



MO 631


Market Action IndexThe SAINT LOUIS, 63137 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.82. 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 63

Monday February 15 2010

Days on MarketThe properties have been on the market for an average of 221 days. Half of the listings have come newly on the market in thepast 112 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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