Thursday August 13, 2009

CREVE COEUR, MO 63141

St. Louis Area Single Family Homes

EXECUTIVE SUMMARY

This Week
Real-Time Market Profile Trend
Median List Price $ 574,900 ≠≠
Asking Price Per Square Foot $ 190 ≠≠
The median list price in CREVE COEUR, MO 63141 this week is Average Days on Market (DOM) 176 ==
$574,900.
Percent of Properties with Price Decrease 51 %
Percent Relisted (reset DOM) 11 %
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 3%
are mildly positive indications for the market. Median House Size (sq ft) 3110
Median Lot Size 0.50 - 1.0 acre
Number of Bedrooms 4.0
Number of Bathrooms 3.5

Supply and Demand Market Action Strong Buyer's 19.6 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward ≠≠ Strong downward
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
= Slight upward ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch

Price
prices as the market transitions from a Buyer's market to a Seller's
market.

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

Quartiles
7-Day Rolling Average 90-Day Rolling

Chacteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbe DO
1.0 - 2.5
Top/First $ 1,345,000 453 acres 4.0 4.0 18 25 0 1 205 Most expensive 25% of properties

0.50 - 1.0
Upper/Secon $ 724,900 333 acre 4.0 3.5 37 25 0 3 230 Upper-middle 25% of properties

0.50 - 1.0
Lower/Third $ 499,900 276 acre 4.0 3.0 42 25 2 4 134 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Four $ 319,000 224 acre 4.0 3.0 45 25 1 2 136 Least expensive 25% of properties

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