St. Louis Area Real Estate Market Reports Executive Summary
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Monday November 30, 2009
St. Louis Area Real Estate Market Reports Executive Summary
BALLWIN, MO Single Family Homes
This Week The median list price in BALLWIN, MO this week is $268,000.
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Real-Time Market Profile
Trend
Median List Price $ 268,000 Asking Price Per Square Foot $ 130 Average Days on Market (DOM) 184 Percent of Properties with Price Decrease 53 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 3% Median House Size (sq ft) 2192 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
== == ±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
±+
In terms of supply and demand, the market is getting cooler more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you
No change
2.5
Strong Buyer's
15.3
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
While this week the median price in this zip code didn't fluctuate much, we are relatively close to the market's high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 535,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3372
0.50 - 1.0 acre
4.0
3.5
121
10
4
246
Most expensive 25% of properties
$ 325,000
2582
0.25 - 0.50 acre
4.0
3.0
121
2
5
167
Upper-middle 25% of properties
Lower/Third
$ 229,900
1854
8,001 10,000 sqft
3.0
2.5
121
10
7
153
Lower-middle 25% of properties
Bottom/Fourth
$ 174,900
1424
0.25 - 0.50 acre
3.0
2.0
122
8
4
169
Least expensive 25% of properties
24
River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com | [email protected]
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC
St. Louis Area Real Estate Market Reports Executive Summary
BALLWIN, MO Single Family Homes
This Week The median list price in BALLWIN, MO this week is $268,000.
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Real-Time Market Profile
Trend
Median List Price $ 268,000 Asking Price Per Square Foot $ 130 Average Days on Market (DOM) 184 Percent of Properties with Price Decrease 53 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 3% Median House Size (sq ft) 2192 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
== == ±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
±+
In terms of supply and demand, the market is getting cooler more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you
No change
2.5
Strong Buyer's
15.3
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
While this week the median price in this zip code didn't fluctuate much, we are relatively close to the market's high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 535,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3372
0.50 - 1.0 acre
4.0
3.5
121
10
4
246
Most expensive 25% of properties
$ 325,000
2582
0.25 - 0.50 acre
4.0
3.0
121
2
5
167
Upper-middle 25% of properties
Lower/Third
$ 229,900
1854
8,001 10,000 sqft
3.0
2.5
121
10
7
153
Lower-middle 25% of properties
Bottom/Fourth
$ 174,900
1424
0.25 - 0.50 acre
3.0
2.0
122
8
4
169
Least expensive 25% of properties
24
River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com | [email protected]
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC
