Thursday September 17, 2009
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Thursday September 17, 2009
CHESTERFIELD (MO), MO
St. Louis Area
Condos - Townhomes - TICs
EXECUTIVE SUMMARY
This Week
Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
The median list price in CHESTERFIELD (MO), MO this week is $285,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Market Action
Supply and Demand 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.
±+
No change
Trend $ 285,000 $ 152 199 42 % 9% 2% 1764 2.0 2.5
≠≠ ≠≠ ≠≠
12.0
≠≠
Strong Buyer's
== Strong upward = Slight upward
≠≠ Strong downward ≠ Slight downward trend
Price Market Action Index
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.
Price Trends
7-Day Rolling Average
90-Day Rolling
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
Chacteristics per Quartile Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 597,250
3008
3.0
3.5
62
0
0
301
Most expensive 25% of properties
Upper/Second
$ 377,450
2038
3.0
2.5
62
5
1
234
Upper-middle 25% of properties
Lower/Third
$ 219,900
1650
2.0
2.5
62
8
1
165
Lower-middle 25% of properties
Bottom/Fourt
$ 136,400
1145
2.0
2.0
62
26
5
96
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
CHESTERFIELD (MO), MO
St. Louis Area
Condos - Townhomes - TICs
EXECUTIVE SUMMARY
This Week
Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
The median list price in CHESTERFIELD (MO), MO this week is $285,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Market Action
Supply and Demand 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.
±+
No change
Trend $ 285,000 $ 152 199 42 % 9% 2% 1764 2.0 2.5
≠≠ ≠≠ ≠≠
12.0
≠≠
Strong Buyer's
== Strong upward = Slight upward
≠≠ Strong downward ≠ Slight downward trend
Price Market Action Index
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.
Price Trends
7-Day Rolling Average
90-Day Rolling
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
Chacteristics per Quartile Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 597,250
3008
3.0
3.5
62
0
0
301
Most expensive 25% of properties
Upper/Second
$ 377,450
2038
3.0
2.5
62
5
1
234
Upper-middle 25% of properties
Lower/Third
$ 219,900
1650
2.0
2.5
62
8
1
165
Lower-middle 25% of properties
Bottom/Fourt
$ 136,400
1145
2.0
2.0
62
26
5
96
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
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