real estate statistics for university city, mo including real estate & housing statistics

8/14/2019 Real Estate Statistics for University City, MO Including Real Estate & Housing Statistics

1/16

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]

UNIVERSITY CITY, MO

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2/16

Median List Price

Median Lot Size

15.5

Percent Relisted (reset DOM)

1568

2.0

2 %

Median Number of Bathrooms

174

Inventory of Properties Listed

$ 128

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 204,900

41 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

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

2 32463

1791.5

2.0

10

193

3.0 49

126

7

1

6,501 -8,000 sqft

1

$ 134,900

5

9

49

2.5

6,501 -8,000 sqft

22.0

1014 4,501 -6,500 sqft

49

$ 75,000

3.0

199

6,501 -8,000 sqft$ 279,000

4.0$ 429,000

46

5

1763

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

Monday February 15, 2010

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

49

1316

1.0

The median list price in UNIVERSITYCITY, MO this week is $204,900. The196 properties have been on themarket for an average of 174 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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UNIVERSITYCITY, MO

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

196

$ 840,000$ 26,900

$ 241,038

24

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 2 of 16

Single Family Homes in


3/16

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

UNIVERSITYCITY, MO


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 PricesPrice weakness is visible almost across the board. Prices in Quartile 4 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 16



4/16


UNIVERSITYCITY, MO


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 16



5/16


UNIVERSITYCITY, MO


Market Action IndexThe UNIVERSITY CITY market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.53. 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 16



6/16


UNIVERSITYCITY, MO


Days on MarketThe properties have been on the market for an average of 174 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.


age 6 of 16



7/16

Median List Price

Median Lot Size

15.5


1587

2.0

2 %


179


$ 128


4,501 - 6,500 sqft


$ 210,000

42 %

3.0

Market Action Index



10 %


Strong Buyer's

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


32463

1831.5

3.0

8

193

3.0 44

159

6

1

6,501 -8,000 sqft

1

$ 141,450

6

9

44

2.5

6,501 -8,000 sqft

22.0

1085 4,501 -6,500 sqft

44

$ 77,500

3.0

183

4,501 -6,500 sqft$ 288,000

4.0$ 434,900

46

5

1800

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



43

1347

1.0

The median list price in UNIVERSITYCITY, MO 63130 this week is$210,000. The 175 properties havebeen on the market for an average of179 days.






No change


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UNIVERSITYCITY, MO 63130

Neighborhood Detail


Average List Price


175

$ 840,000$ 26,900

$ 245,569

31

Trend Key:


age 7 of 16



8/16

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



Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.


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 8 of 16



9/16




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 9 of 16



10/16




Market Action IndexThe UNIVERSITY CITY, 63130 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 15.45. 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.





ge 10 of 16



11/16








age 11 of 16



12/16

Median List Price

Median Lot Size

16.7


1089

1.5

0 %


84


$ 91


6,501 - 8,000 sqft


$ 99,900

29 %

3.0

Market Action Index



0 %


Strong Buyer's

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


01878

421.2

2.0

0

54

2.5 4

18

0

0

0.25 - 0.50acre

$ 87,000

1

1

5

2.0

4,501 -6,500 sqft

02.0

864 6,501 -8,000 sqft

4

$ 52,500

3.0

238

6,501 -8,000 sqft$ 152,900

3.5$ 264,450

0

1477

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.



4

900

1.0

The median list price in UNIVERSITYCITY, MO 63132 this week is $99,900.The 17 properties have been on themarket for an average of 84 days.






No change


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Neighborhood Detail


Average List Price


17

$ 339,000$ 36,000

$ 140,171

Trend Key:


ge 12 of 16



13/16




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 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.


ge 13 of 16



14/16




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.




ge 14 of 16



15/16




Market Action IndexThe UNIVERSITY CITY, 63132 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 16.65. 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.





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16/16








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