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
CHESTERFIELD (MO), MO Single Family Homes
This Week The median list price in CHESTERFIELD (MO), MO this week is $569,450. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Real-Time Market Profile
Trend
Median List Price $ 569,450 Asking Price Per Square Foot $ 163 Average Days on Market (DOM) 200 Percent of Properties with Price Decrease 46 % Percent Relisted (reset DOM) 15 % Percent Flip (price increased) 4% Median House Size (sq ft) 3283 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 4.0
== ≠≠ ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
±+
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
No change
3.5
Strong Buyer's
14.8
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
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.
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
$ 1,124,900
4711
Upper/Second
$ 687,500
Lower/Third Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5 acres
4.0
4.5
107
6
8
256
Most expensive 25% of properties
3864
0.50 - 1.0 acre
4.0
3.5
107
3
5
205
Upper-middle 25% of properties
$ 482,250
3050
0.25 - 0.50 acre
4.0
3.5
108
4
6
186
Lower-middle 25% of properties
$ 299,900
2320
0.25 - 0.50 acre
4.0
2.5
108
3
11
152
Least expensive 25% of properties
32
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
CHESTERFIELD (MO), MO Single Family Homes
This Week The median list price in CHESTERFIELD (MO), MO this week is $569,450. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Real-Time Market Profile
Trend
Median List Price $ 569,450 Asking Price Per Square Foot $ 163 Average Days on Market (DOM) 200 Percent of Properties with Price Decrease 46 % Percent Relisted (reset DOM) 15 % Percent Flip (price increased) 4% Median House Size (sq ft) 3283 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 4.0
== ≠≠ ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
±+
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
No change
3.5
Strong Buyer's
14.8
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
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.
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
$ 1,124,900
4711
Upper/Second
$ 687,500
Lower/Third Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5 acres
4.0
4.5
107
6
8
256
Most expensive 25% of properties
3864
0.50 - 1.0 acre
4.0
3.5
107
3
5
205
Upper-middle 25% of properties
$ 482,250
3050
0.25 - 0.50 acre
4.0
3.5
108
4
6
186
Lower-middle 25% of properties
$ 299,900
2320
0.25 - 0.50 acre
4.0
2.5
108
3
11
152
Least expensive 25% of properties
32
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
