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]

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