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
SAINT PETERS, MO Single Family Homes
This Week The median list price in SAINT PETERS, MO this week is $194,900.
Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
Real-Time Market Profile
Trend
Median List Price $ 194,900 Asking Price Per Square Foot $ 118 Average Days on Market (DOM) 161 Percent of Properties with Price Decrease 45 % Percent Relisted (reset DOM) 13 % Percent Flip (price increased) 5% Median House Size (sq ft) 1820 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
≠≠ ≠≠ ±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
±+
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
No change
2.5
Strong Buyer's
16.4
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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
$ 334,295
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
2745
0.25 - 0.50 acre
4.0
2.5
3
98
1
2
243
Most expensive 25% of properties
$ 239,775
2132
0.25 - 0.50 acre
3.0
2.5
30
98
3
5
183
Upper-middle 25% of properties
Lower/Third
$ 174,900
1495
8,001 10,000 sqft
3.0
2.5
40
98
6
7
106
Lower-middle 25% of properties
Bottom/Fourth
$ 147,500
1242
8,001 10,000 sqft
3.0
2.0
99
10
9
113
Least expensive 25% of properties
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
SAINT PETERS, MO Single Family Homes
This Week The median list price in SAINT PETERS, MO this week is $194,900.
Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
Real-Time Market Profile
Trend
Median List Price $ 194,900 Asking Price Per Square Foot $ 118 Average Days on Market (DOM) 161 Percent of Properties with Price Decrease 45 % Percent Relisted (reset DOM) 13 % Percent Flip (price increased) 5% Median House Size (sq ft) 1820 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
≠≠ ≠≠ ±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
±+
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
No change
2.5
Strong Buyer's
16.4
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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
$ 334,295
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
2745
0.25 - 0.50 acre
4.0
2.5
3
98
1
2
243
Most expensive 25% of properties
$ 239,775
2132
0.25 - 0.50 acre
3.0
2.5
30
98
3
5
183
Upper-middle 25% of properties
Lower/Third
$ 174,900
1495
8,001 10,000 sqft
3.0
2.5
40
98
6
7
106
Lower-middle 25% of properties
Bottom/Fourth
$ 147,500
1242
8,001 10,000 sqft
3.0
2.0
99
10
9
113
Least expensive 25% of properties
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
