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

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

1/196

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, M

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SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
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2/196

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.

Page 2 of 196

Single Family Home


3/196


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 196

Single Family Hom


4/196



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.


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Single Family Hom


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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 196

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 196

Single Family Hom


7/196

Median List Price

Median Lot Size

17.4


1328

1.2

2 %


235


$ 64


Less than 4,500 sqft


$ 80,900

42 %

3.0

Market Action Index



9 %


Strong Buyer's

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


11906

2471.0 1

3.0

2

304

2.0 28

180

0

3

4,501 -6,500 sqft

$ 64,000

2

1

28

2.0

Less than4,500 sqft

11.5

1039Less than

4,500 sqft

28

$ 36,700

3.0

211

Less than4,500 sqft$ 90,950

3.0$ 159,900

3

1300

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.



28

1063

1.0

The median list price in SAINT LOUIS,MO 63111 this week is $80,900. The

112 properties have been on themarket for an average of 235 days.






No change



==

=

SAINT LOUMO 63

Neighborhood Detail


Average List Price


112

$ 690,000

$ 12,000

$ 100,568

1

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

Page 7 of 196

Single Family Home


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Neighborhood DetailSAINT LOU

MO 63


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 across the quartiles of this zip code not tightly correlated recently. Prices inQuartile 1 and 4 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent upshift in the Market Action Index as a leading indicator of the trough in the market.


Page 8 of 196

Single Family Hom


9/196



MO 63




Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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Single Family Hom


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MO 63


Market Action IndexThe SAINT LOUIS, 63111 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.38. 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.





age 10 of 196

Single Family Hom


11/196



MO 6






Page 11 of 196

Single Family Hom


12/196

Median List Price

Median Lot Size

15.0


2101

2.5

2 %


280


$ 70


4,501 - 6,500 sqft


$ 160,000

38 %

4.0

Market Action Index



4 %


Strong Buyer's

==

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


23476

1672.0

3.5

1

332

4.5 14

325

1

1

0.25 - 0.50acre

$ 115,950

1

1

14

3.5

6,501 -8,000 sqft

02.8

1711Less than

4,500 sqft

14

$ 44,450

4.0

299

4,501 -6,500 sqft$ 267,450

4.0$ 479,000

2

2760

Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.



13

2035

1.5








No change



==

=

SAINT LOUMO 631

Neighborhood Detail


Average List Price


55

$ 2,225,000

$ 25,000

$ 303,806

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.

age 12 of 196

Single Family Home


13/196



MO 63




Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


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Single Family Hom


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MO 63






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MO 63









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MO 63






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17/196

Median List Price

Median Lot Size

15.9


1248

1.5

2 %


157


$ 131




$ 159,900

51 %

3.0

Market Action Index



13 %


Strong Buyer's

==

+

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


01816

1571.0 1

2.0

3

110

2.0 41

185

4

1

4,501 -6,500 sqft

3

$ 149,900

9

6

41

2.0

Less than4,500 sqft

22.0

1004Less than

4,500 sqft

41

$ 119,000

3.0

178


3.0$ 239,900

3

1365

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



40

1102

1.0








No change



==

=

SAINT LOUMO 6310

Neighborhood Detail


Average List Price


163

$ 399,000

$ 56,000

$ 177,740

2

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

age 17 of 196

Single Family Home


18/196



MO 631


Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.


Quartile PricesIn the quartile market segments, we see pricing across most of the zip code relatively strong recently. While Quartile 4 isbasically flat, all other segments are in an up trend period. Unless the Market Action Index has a persistent downward shift,expect that Quartile 4 will assume a similar trend with the other groups.


age 18 of 196

Single Family Hom


19/196



MO 631


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.




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Single Family Hom


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MO 631









age 20 of 196

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MO 631






age 21 of 196

Single Family Hom


22/196

Median List Price

Median Lot Size

14.4


1787

2.0

4 %


186


$ 100




$ 149,250

45 %

3.0

Market Action Index



9 %


Strong Buyer's

==

==

+

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 12544

1311.5

2.0

1

259

3.0 19

216

2

1

Less than4,500 sqft

$ 130,000

0

2

19

2.5

Less than4,500 sqft

22.0

1156Less than

4,500 sqft

18

$ 79,900

3.0

142


3.0$ 279,450

3

2

1787

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



18

1666

1.0








No change



==

=

SAINT LOUMO 631

Neighborhood Detail


Average List Price


74

$ 529,000

$ 12,000

$ 172,941

6

Trend Key:


age 22 of 196

Single Family Home


23/196



MO 63




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 23 of 196

Single Family Hom


24/196



MO 63


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.




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Single Family Hom


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MO 63









age 25 of 196

Single Family Hom


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MO 63






age 26 of 196

Single Family Hom


27/196

Median List Price

Median Lot Size

17.6


1080

1.0

3 %


264


$ 43




$ 49,900

21 %

2.0

Market Action Index



8 %


Strong Buyer's

==

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


2 31179

2821.0

2.5

0

232

2.0 10

169

2

0

Less than4,500 sqft

$ 36,500

0

1

10

1.5

Less than4,500 sqft

01.0

1095Less than

4,500 sqft

10

$ 19,900

2.0

387


3.0$ 85,000

2

1024




9

1018

1.0








No change



==

=

SAINT LOUMO 631

Neighborhood Detail


Average List Price


39

$ 153,000

$ 11,000

$ 52,097

2

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 27 of 196

Single Family Home


28/196



MO 63




Quartile PricesNot surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All havebeen increasing in price lately. Watch for a persistent decline in the Market Action Index as a leading indicator for the top of themarket.


age 28 of 196

Single Family Hom


29/196



MO 63






age 29 of 196

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MO 63









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MO 63






age 31 of 196

Single Family Hom


32/196

Median List Price

Median Lot Size

17.5


1078

1.0

2 %


227


$ 92




$ 99,900

41 %

2.0

Market Action Index



10 %


Strong Buyer's

==

+

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


18 51370

3111.0 5

2.0

8

216

2.0 71

228

10

3

Less than4,500 sqft

$ 89,150

13

11

71

1.5

Less than4,500 sqft

31.0

960Less than

4,500 sqft

70

$ 55,000

2.0

154


3.0$ 150,900

85

5

1062

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



70

1006

1.0








No change



==

=

SAINT LOUMO 631

Neighborhood Detail


Average List Price


282

$ 399,900

$ 14,900

$ 108,854

34

Trend Key:


age 32 of 196

Single Family Home


33/196



MO 63


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.


age 33 of 196

Single Family Hom


34/196



MO 63


Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.




age 34 of 196

Single Family Hom


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MO 63









age 35 of 196

Single Family Hom


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MO 63






age 36 of 196

Single Family Hom


37/196

Median List Price

Median Lot Size

12.5


1937

2.0

2 %


230


$ 38


4,501 - 6,500 sqft


$ 77,700

43 %

4.0

Market Action Index



5 %


Strong Buyer's

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


01978

2271.2

4.0

2

314

3.5 11

244

1

3

6,501 -8,000 sqft

$ 40,500

1

0

11

2.5

4,501 -6,500 sqft

12.5

16794,501 -

6,500 sqft

11

$ 17,500

4.0

134

4,501 -6,500 sqft$ 99,900

4.0$ 139,900

0

2041

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



11

2298

1.8








No change



==

=

SAINT LOUMO 631

Neighborhood Detail


Average List Price


44

$ 259,000

$ 10,100

$ 79,160

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 37 of 196

Single Family Home


38/196



MO 63


Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.


Quartile PricesIn the quartile market segments, we see prices in this zip code without strong directional indication lately. Quartiles 1 and 4 aremixed, while Quartile 3 is up and Quartile 2 is down. Look to persistent shifts in the Market Action Index as a leading indicatorfor strong moves (up or down) in the market as a whole.


age 38 of 196

Single Family Hom


39/196



MO 63


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.




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Single Family Hom


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MO 63









age 40 of 196

Single Family Hom


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MO 63






age 41 of 196

Single Family Hom


42/196

Median List Price

Median Lot Size

15.8


1048

1.0

0 %


171


$ 67


6,501 - 8,000 sqft


$ 72,900

40 %

2.5

Market Action Index



4 %


Strong Buyer's

+

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


31297

1511.0

2.0

0

187

2.0 24

164

0

0

8,001 -10,000 sqft

$ 60,950

1

2

24

2.0

8,001 -10,000 sqft

01.0

9366,501 -

8,000 sqft

24

$ 26,285

3.0

184

6,501 -8,000 sqft$ 80,900

3.0$ 129,900

2

1104

Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.



23

904

1.0








No change



==

=

SAINT LOUMO 63

Neighborhood Detail


Average List Price


95

$ 179,900

$ 15,000

$ 73,903

Trend Key:


age 42 of 196

Single Family Home


43/196



MO 63


Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


age 43 of 196

Single Family Hom


44/196



MO 63




Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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MO 63









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MO 63






age 46 of 196

Single Family Hom


47/196

Median List Price

Median Lot Size

13.6


2088

2.5

2 %


299


$ 109




$ 202,450

42 %

3.0

Market Action Index



12 %


Strong Buyer's

+

+

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


22371

3162.0

3.0

1

284

3.0 32

248

2

1

4,501 -6,500 sqft

$ 182,450

3

2

32

2.5

Less than4,500 sqft

12.5

1926Less than

4,500 sqft

32

$ 109,900

3.0

350


3.0$ 423,950

8

1

1996

With inventory and days-on-marketbasically unchanged and the MarketAction Index decreasing, the marketis not sending strong directional signalfor the near-term outlook.



32

1720

1.8








No change



==

=

SAINT LOUMO 6310

Neighborhood Detail


Average List Price


128

$ 1,100,000

$ 12,900

$ 252,077

8

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 47 of 196

Single Family Home


48/196



MO 631


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 the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.


age 48 of 196

Single Family Hom


49/196



MO 631


Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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MO 631









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MO 631






age 51 of 196

Single Family Hom


52/196

Median List Price

Median Lot Size

11.7


1656

1.5

0 %


255


$ 20




$ 35,000

16 %

3.0

Market Action Index



5 %


Strong Buyer's

==

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


02249

3021.0

3.0

0

148

2.0 5

196

0

0

4,501 -6,500 sqft

$ 29,900

0

0

5

2.0

Less than4,500 sqft

01.0

1477Less than

4,500 sqft

5

$ 19,900

3.0

402


3.0$ 162,400

0

1324

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



4

1774

1.5








No change



==

=

SAINT LOUMO 6310

Neighborhood Detail


Average List Price


19

$ 179,000

$ 11,500

$ 61,032

Trend Key:


age 52 of 196

Single Family Home


53/196



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 prices in this zip code without strong directional trend lately. Prices in Quartiles 2 and3 have been down in recent weeks, while Quartile 4 has been mixed and Quartile 1 is up. Look to the Market Action Index todetermine when we may see a shift in prices from these current levels.


age 53 of 196

Single Family Hom


54/196



MO 631






age 54 of 196

Single Family Hom


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MO 631









age 55 of 196

Single Family Hom


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MO 631






ge 56 of 196

Single Family Hom


57/196

Median List Price

Median Lot Size

15.5


2904

2.5

6 %


262


$ 121


4,501 - 6,500 sqft


$ 342,500

35 %

4.0

Market Action Index



18 %


Strong Buyer's

==

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


3 15148

2052.5

4.0

0

281

3.0 18

263

1

0

0.25 - 0.50acre

$ 267,450

1

1

18

3.5

4,501 -6,500 sqft

02.5

21844,501 -

6,500 sqft

18

$ 67,500

4.0

303

4,501 -6,500 sqft$ 383,050

5.0$ 899,000

3

2630




17

2453

2.5








No change



==

=

SAINT LOUMO 6310

Neighborhood Detail


Average List Price


71

$ 2,599,000

$ 10,900

$ 457,281

3

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.

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Single Family Home


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MO 631


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 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.


age 58 of 196

Single Family Hom


59/196



MO 631


Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.




age 59 of 196

Single Family Hom


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MO 631









ge 60 of 196

Single Family Hom


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MO 631






age 61 of 196

Single Family Hom


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Median List Price

Median Lot Size

6.3


1872

2.5

0 %


383


$ 49




$ 125,000

14 %

3.0

Market Action Index



0 %


Strong Buyer's

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


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


7 properties have been on the marketfor an average of 383 days.






No change



==

=

SAINT LOUMO 6310

Neighborhood Detail


Average List Price


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

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Single Family Home


63/196



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.


age 63 of 196

Single Family Hom


64/196



MO 631






age 64 of 196

Single Family Hom


65/196



MO 631




Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Ma

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

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