St. Louis Area Real
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St. Louis Area Real MARKET UPDATE
SAINT CHARLES, MO
· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics
· Report for the week of September 21, 2009
· Presented by River City Real Estate River City Real Estate http://www.RCREonline.com Toll Free: (866) 456-1862 | www.rcreonline.com
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
City Overview River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO this week is $238,500. The 693 properties have been on the market for an average of 182 days.
Trend
Median List Price
$ 238,500
Average List Price
$ 305,939 $ 127
≠≠
Average Days on Market (DoM)
182
==
Inventory of Properties Listed
693
==
Asking Price Per Square Foot
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 3,500,000
Least Expensive Listing
$ 64,900
Average Age of Listing
27
Percent of Properties with Price Decrease
48 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
2%
Median House Size (sq ft)
2025
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Market Action
Strong Buyer's
16.8
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 475,000
3160
0.25 - 0.50 acre
4.0
3.5
10
173
6
4
271
Most expensive 25% of properties
Upper/Second
$ 279,900
2410
0.25 - 0.50 acre
4.0
2.5
15
173
10
10
184
Upper-middle 25% of properties
Lower/Third
$ 215,000
1768
8,001 10,000 sqft
3.0
2.5
20
173
8
8
144
Lower-middle 25% of properties
Bottom/Fourth
$ 149,900
1219
8,001 10,000 sqft
3.0
2.0
39
174
14
17
129
Least expensive 25% of properties
Thursday September 17, 2009
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price This week prices in this zip code remained relatively flat. However the recent trends have us pulling back from the market's high points. Keep an eye on the Market Action Index for a leading indicator of the duration of this down trend.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the market's recent price weakness almost across the board. Quartile 2 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trend of the rest of the market.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.85. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 182 days. Half of the listings have come newly on the market in the past 119 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63302
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63302 this week is $225,000. The 7 properties have been on the market for an average of 48 days.
Trend
Median List Price
$ 225,000
Average List Price
$ 231,114 $ 134
==
Average Days on Market (DoM)
48
==
Inventory of Properties Listed
7
==
Asking Price Per Square Foot
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Most Expensive Listing
$ 300,000
Least Expensive Listing
$ 147,500
Average Age of Listing
24
Percent of Properties with Price Decrease
57 %
Percent Relisted (reset DOM)
0%
Percent Flip (price increased)
0%
Median House Size (sq ft)
1572
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The market has started cooling and prices have recently plateaued. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
Market Action
Seller's
31.4
≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 300,000
2666
8,001 10,000 sqft
4.0
3.0
6
1
0
0
91
Most expensive 25% of properties
Upper/Second
$ 279,900
2300
1.0 - 2.5 acres
3.5
2.8
18
2
1
0
22
Upper-middle 25% of properties
Lower/Third
$ 212,000
1526
0.25 - 0.50 acre
3.0
2.5
32
2
1
1
25
Lower-middle 25% of properties
Bottom/Fourth
$ 167,000
1313
8,001 10,000 sqft
3.0
2.0
30
2
0
0
77
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the upper-half of the market (Quartiles 1 and 2) for this zip code showing price declines recently while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. These convergent trends cannot continue indefinitely, so look to the Market Action Index Quartile breakdown to see which group will change direction.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63302 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.43 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 48 days. Half of the listings have come newly on the market in the past 49 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63304
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63304 this week is $261,945. The 268 properties have been on the market for an average of 189 days.
Trend
Median List Price
$ 261,945
Average List Price
$ 365,708 $ 129
≠≠
Average Days on Market (DoM)
189
==
Inventory of Properties Listed
268
≠≠
Asking Price Per Square Foot
Most Expensive Listing
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.
$ 3,500,000
Least Expensive Listing
$ 64,900
Average Age of Listing
19
Percent of Properties with Price Decrease
50 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2160
Median Lot Size
Supply and Demand
==
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Market Action
Strong Buyer's
16.1
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 645,000
3516
0.50 - 1.0 acre
4.0
3.5
11
67
2
1
270
Most expensive 25% of properties
Upper/Second
$ 325,000
2539
0.25 - 0.50 acre
4.0
3.0
12
67
4
4
199
Upper-middle 25% of properties
Lower/Third
$ 219,900
1914
0.25 - 0.50 acre
4.0
2.5
19
67
1
5
151
Lower-middle 25% of properties
Bottom/Fourth
$ 155,000
1248
8,001 10,000 sqft
3.0
2.0
29
67
1
4
134
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the market's price weakness evident across the board. Quartiles 1, 2, and 1 have been in price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63304 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.15. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 189 days. Half of the listings have come newly on the market in the past 126 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63303
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63303 this week is $244,950. The 224 properties have been on the market for an average of 175 days.
Trend
Median List Price
$ 244,950
Average List Price
$ 286,631 $ 127
±+
Average Days on Market (DoM)
175
≠≠
Inventory of Properties Listed
224
==
Asking Price Per Square Foot
Most Expensive Listing
Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
$ 1,300,000
Least Expensive Listing
$ 79,900
Average Age of Listing
21
Percent of Properties with Price Decrease
46 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
1%
Median House Size (sq ft)
2085
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Market Action
Strong Buyer's
15.8
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 409,950
2834
0.25 - 0.50 acre
4.0
3.0
6
56
3
2
271
Most expensive 25% of properties
Upper/Second
$ 279,900
2451
0.25 - 0.50 acre
4.0
2.5
16
56
3
3
179
Upper-middle 25% of properties
Lower/Third
$ 224,995
1970
8,001 10,000 sqft
3.0
2.5
16
56
0
0
130
Lower-middle 25% of properties
Bottom/Fourth
$ 159,375
1191
8,001 10,000 sqft
3.0
2.0
30
56
7
5
118
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices in the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63303 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.83. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 175 days. Half of the listings have come newly on the market in the past 98 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63301
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63301 this week is $207,990. The 195 properties have been on the market for an average of 185 days.
Trend
Median List Price
$ 207,990
Average List Price
$ 248,962 $ 125
≠≠
Average Days on Market (DoM)
185
==
Inventory of Properties Listed
195
==
Asking Price Per Square Foot
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 1,495,000
Least Expensive Listing
$ 66,000
Average Age of Listing
44
Percent of Properties with Price Decrease
46 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
3%
Median House Size (sq ft)
1667
Median Lot Size
Supply and Demand
≠≠
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
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.
Market Action
Strong Buyer's
18.7
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 362,500
2764
0.25 - 0.50 acre
4.0
3.0
10
48
1
2
274
Most expensive 25% of properties
Upper/Second
$ 249,900
1885
8,001 10,000 sqft
3.0
2.5
14
49
4
3
177
Upper-middle 25% of properties
Lower/Third
$ 179,900
1486
8,001 10,000 sqft
3.0
2.5
39
49
2
3
128
Lower-middle 25% of properties
Bottom/Fourth
$ 135,000
1131
6,501 8,000 sqft
3.0
1.5
57
49
8
8
161
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices with a lack of directional indication in recent weeks. Only Quartile 3 is trending higher. Look to the Market Action Index for persistent changes (up or down) as a leading indicator for the significant price changes.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.72. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 185 days. Half of the listings have come newly on the market in the past 126 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
SAINT CHARLES, MO
· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics
· Report for the week of September 21, 2009
· Presented by River City Real Estate River City Real Estate http://www.RCREonline.com Toll Free: (866) 456-1862 | www.rcreonline.com
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
City Overview River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO this week is $238,500. The 693 properties have been on the market for an average of 182 days.
Trend
Median List Price
$ 238,500
Average List Price
$ 305,939 $ 127
≠≠
Average Days on Market (DoM)
182
==
Inventory of Properties Listed
693
==
Asking Price Per Square Foot
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 3,500,000
Least Expensive Listing
$ 64,900
Average Age of Listing
27
Percent of Properties with Price Decrease
48 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
2%
Median House Size (sq ft)
2025
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Market Action
Strong Buyer's
16.8
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 475,000
3160
0.25 - 0.50 acre
4.0
3.5
10
173
6
4
271
Most expensive 25% of properties
Upper/Second
$ 279,900
2410
0.25 - 0.50 acre
4.0
2.5
15
173
10
10
184
Upper-middle 25% of properties
Lower/Third
$ 215,000
1768
8,001 10,000 sqft
3.0
2.5
20
173
8
8
144
Lower-middle 25% of properties
Bottom/Fourth
$ 149,900
1219
8,001 10,000 sqft
3.0
2.0
39
174
14
17
129
Least expensive 25% of properties
Thursday September 17, 2009
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price This week prices in this zip code remained relatively flat. However the recent trends have us pulling back from the market's high points. Keep an eye on the Market Action Index for a leading indicator of the duration of this down trend.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the market's recent price weakness almost across the board. Quartile 2 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trend of the rest of the market.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.85. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
City Overview
SAINT CHARLES, MO
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 182 days. Half of the listings have come newly on the market in the past 119 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63302
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63302 this week is $225,000. The 7 properties have been on the market for an average of 48 days.
Trend
Median List Price
$ 225,000
Average List Price
$ 231,114 $ 134
==
Average Days on Market (DoM)
48
==
Inventory of Properties Listed
7
==
Asking Price Per Square Foot
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Most Expensive Listing
$ 300,000
Least Expensive Listing
$ 147,500
Average Age of Listing
24
Percent of Properties with Price Decrease
57 %
Percent Relisted (reset DOM)
0%
Percent Flip (price increased)
0%
Median House Size (sq ft)
1572
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The market has started cooling and prices have recently plateaued. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
Market Action
Seller's
31.4
≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 300,000
2666
8,001 10,000 sqft
4.0
3.0
6
1
0
0
91
Most expensive 25% of properties
Upper/Second
$ 279,900
2300
1.0 - 2.5 acres
3.5
2.8
18
2
1
0
22
Upper-middle 25% of properties
Lower/Third
$ 212,000
1526
0.25 - 0.50 acre
3.0
2.5
32
2
1
1
25
Lower-middle 25% of properties
Bottom/Fourth
$ 167,000
1313
8,001 10,000 sqft
3.0
2.0
30
2
0
0
77
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the upper-half of the market (Quartiles 1 and 2) for this zip code showing price declines recently while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. These convergent trends cannot continue indefinitely, so look to the Market Action Index Quartile breakdown to see which group will change direction.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63302 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.43 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63302
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 48 days. Half of the listings have come newly on the market in the past 49 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63304
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63304 this week is $261,945. The 268 properties have been on the market for an average of 189 days.
Trend
Median List Price
$ 261,945
Average List Price
$ 365,708 $ 129
≠≠
Average Days on Market (DoM)
189
==
Inventory of Properties Listed
268
≠≠
Asking Price Per Square Foot
Most Expensive Listing
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.
$ 3,500,000
Least Expensive Listing
$ 64,900
Average Age of Listing
19
Percent of Properties with Price Decrease
50 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2160
Median Lot Size
Supply and Demand
==
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Market Action
Strong Buyer's
16.1
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 645,000
3516
0.50 - 1.0 acre
4.0
3.5
11
67
2
1
270
Most expensive 25% of properties
Upper/Second
$ 325,000
2539
0.25 - 0.50 acre
4.0
3.0
12
67
4
4
199
Upper-middle 25% of properties
Lower/Third
$ 219,900
1914
0.25 - 0.50 acre
4.0
2.5
19
67
1
5
151
Lower-middle 25% of properties
Bottom/Fourth
$ 155,000
1248
8,001 10,000 sqft
3.0
2.0
29
67
1
4
134
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the market's price weakness evident across the board. Quartiles 1, 2, and 1 have been in price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63304 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.15. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63304
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 189 days. Half of the listings have come newly on the market in the past 126 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63303
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63303 this week is $244,950. The 224 properties have been on the market for an average of 175 days.
Trend
Median List Price
$ 244,950
Average List Price
$ 286,631 $ 127
±+
Average Days on Market (DoM)
175
≠≠
Inventory of Properties Listed
224
==
Asking Price Per Square Foot
Most Expensive Listing
Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
$ 1,300,000
Least Expensive Listing
$ 79,900
Average Age of Listing
21
Percent of Properties with Price Decrease
46 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
1%
Median House Size (sq ft)
2085
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Market Action
Strong Buyer's
15.8
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 409,950
2834
0.25 - 0.50 acre
4.0
3.0
6
56
3
2
271
Most expensive 25% of properties
Upper/Second
$ 279,900
2451
0.25 - 0.50 acre
4.0
2.5
16
56
3
3
179
Upper-middle 25% of properties
Lower/Third
$ 224,995
1970
8,001 10,000 sqft
3.0
2.5
16
56
0
0
130
Lower-middle 25% of properties
Bottom/Fourth
$ 159,375
1191
8,001 10,000 sqft
3.0
2.0
30
56
7
5
118
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices in the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63303 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.83. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63303
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 175 days. Half of the listings have come newly on the market in the past 98 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES, MO 63301
This Week
Real-Time Market Profile
The median list price in SAINT CHARLES, MO 63301 this week is $207,990. The 195 properties have been on the market for an average of 185 days.
Trend
Median List Price
$ 207,990
Average List Price
$ 248,962 $ 125
≠≠
Average Days on Market (DoM)
185
==
Inventory of Properties Listed
195
==
Asking Price Per Square Foot
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 1,495,000
Least Expensive Listing
$ 66,000
Average Age of Listing
44
Percent of Properties with Price Decrease
46 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
3%
Median House Size (sq ft)
1667
Median Lot Size
Supply and Demand
≠≠
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
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.
Market Action
Strong Buyer's
18.7
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward = Slight upward
No change
≠≠ Strong downward ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 362,500
2764
0.25 - 0.50 acre
4.0
3.0
10
48
1
2
274
Most expensive 25% of properties
Upper/Second
$ 249,900
1885
8,001 10,000 sqft
3.0
2.5
14
49
4
3
177
Upper-middle 25% of properties
Lower/Third
$ 179,900
1486
8,001 10,000 sqft
3.0
2.5
39
49
2
3
128
Lower-middle 25% of properties
Bottom/Fourth
$ 135,000
1131
6,501 8,000 sqft
3.0
1.5
57
49
8
8
161
Least expensive 25% of properties
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Median Price Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices with a lack of directional indication in recent weeks. Only Quartile 3 is trending higher. Look to the Market Action Index for persistent changes (up or down) as a leading indicator for the significant price changes.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
90-day Average
Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Market Action Index The SAINT CHARLES, 63301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.72. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Thursday September 17, 2009
Neighborhood Detail
SAINT CHARLES, MO 63301
River City Real Estate, Toll Free: (866) 456-1862 |
Days on Market The properties have been on the market for an average of 185 days. Half of the listings have come newly on the market in the past 126 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Second/Upper
Third/Lower
Thursday September 17, 2009
Fourth/Bottom
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