real estate statistics for sunset hills, mo including real estate & housing statistics

8/14/2019 Real Estate Statistics for Sunset Hills, MO Including Real Estate & Housing Statistics

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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 Group www.kelseycottrell.com - [email protected]

SUNSET HILLS, MO

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Median List Price

Median Lot Size

14.8

Percent Relisted (reset DOM)

2656

3.5

3 %

Median Number of Bathrooms

248

Inventory of Properties Listed

$ 154

Percent Flip (price increased)

0.50 - 1.0 acre

Median House Size (sq ft)

$ 544,600

25 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

3 %

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

38 04950

1662.8

3.0

1

288

3.0 8

254

0

1

0.50 - 1.0acre

$ 432,450

0

2

8

4.5

1.0 - 2.5acres

03.5

1122 4,501 -6,500 sqft

8

$ 132,450

4.0

284

0.50 - 1.0acre$ 588,300

4.0$ 799,450

0

3652

Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.

Monday February 15, 2010

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

8

2587

1.5

The median list price in SUNSETHILLS, MO this week is $544,600. The32 properties have been on themarket for an average of 248 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 trendSlight upward trend Slight downward trend+

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SUNSET HILLS,M

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

32

$ 1,650,000$ 99,900

$ 522,671

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 2 of 6

Single Family Homes in


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

SUNSET HILLS,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 PricesPricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.

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

age 3 of 6



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SUNSET HILLS,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.


age 4 of 6



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SUNSET HILLS,M


Market Action IndexThe SUNSET HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.82. 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 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.

age 5 of 6



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SUNSET HILLS,M


Days on MarketThe properties have been on the market for an average of 248 days. Half of the listings have come newly on the market in thepast 168 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.


age 6 of 6


real estate statistics for sunset hills, mo including real estate & housing statistics

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