St. Louis Area Market Data
market update
CHESTERFIELD 63017 Sunday January 25, 2009
Trend
Real-Time Market Profile
THIS WEEK
Median List Price $ 382,200 Asking Price per Square Foot $ 153 Average Days on Market 143 Percent of Properties with Price Decrease 54 % Percent Relisted (reset DOM) 14 % Percent Flip (price increased) 1% Median House Size (sq ft) 2,569 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0 Median Number of Bathrooms 3.0 Market Action Index* Cold! Buyer's 13
The median single family home price in CHESTERFIELD 63017 this week is $382,200.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
* see below for details on the Market Action Index
PRICE In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory.
SUPPLY AND DEMAND Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 13. With several months of inventory available at the current sales rate, buyers should find ample choice.
Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
QUARTILES Quart
Median Price
Med. Sqft
1
$ 842,000 3,924
2
$ 449,950 2,916
3
$ 345,938 2,512
4
$ 269,900 1,944
Med. Lot Size 0.50 - 1.0 acre 0.25 - 0.50 acre 0.25 - 0.50 acre 0.25 - 0.50 acre
Bed
Characteristics per Quartile Investigate the market in Med. Ab- Avg. quartiles—where each quartile is Bath Age Inven. New sorbed DoM 25% of the homes
4.0
4.0
9
40
3
0
164 Most expensive 25% of homes
4.0
3.5
24
40
2
0
163 Upper-middle 25% of homes
4.0
2.8
32
40
8
2
131 Lower-middle 25% of homes
4.0
2.5
33
40
3
3
118 Least expensive 25% of homes
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About Altos Research Corporation Altos Research Corp. reports real-time analysis of the residential real estate market in local markets across the country. All information contained herein is based on properties currently listed for sale and available publicly. When evaluating a particular property, make sure you use comparable sales data in addition to the market trend information available in this report. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Use this report as one input in the real estate decision making process, but do not rely on it for accuracy. Nothing in this report or any other Altos Research publication is a recommendation to buy or to sell real estate. We recommend you work with a licensed real estate agent or broker.
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