Thursday September 17, 2009
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Thursday September 17, 2009
HAZELWOOD, 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 HAZELWOOD, MO this week is $64,567.
With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
Market Action
Supply and Demand ±+
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.
No change
Trend $ 64,567 $ 60 220 39 % 4% 0% 1114 2.0 1.5
≠≠ ±+ ≠≠
9.5
±+
Strong Buyer's
== Strong upward = Slight upward
≠≠ Strong downward ≠ Slight downward trend
Price Market Action Index
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.
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
Top/First
$ 127,000
1200
2.0
1.5
Upper/Second
$ 74,900
1254
3.0
Lower/Third
$ 56,000
1254
Bottom/Fourt
$ 35,000
714
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
28
17
0
0
174
Most expensive 25% of properties
1.5
17
0
1
296
Upper-middle 25% of properties
3.0
1.5
17
1
1
182
Lower-middle 25% of properties
2.0
1.0
18
0
0
229
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
HAZELWOOD, 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 HAZELWOOD, MO this week is $64,567.
With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
Market Action
Supply and Demand ±+
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.
No change
Trend $ 64,567 $ 60 220 39 % 4% 0% 1114 2.0 1.5
≠≠ ±+ ≠≠
9.5
±+
Strong Buyer's
== Strong upward = Slight upward
≠≠ Strong downward ≠ Slight downward trend
Price Market Action Index
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.
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
Top/First
$ 127,000
1200
2.0
1.5
Upper/Second
$ 74,900
1254
3.0
Lower/Third
$ 56,000
1254
Bottom/Fourt
$ 35,000
714
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
28
17
0
0
174
Most expensive 25% of properties
1.5
17
0
1
296
Upper-middle 25% of properties
3.0
1.5
17
1
1
182
Lower-middle 25% of properties
2.0
1.0
18
0
0
229
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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