Monday November 30, 2009

St. Louis Area Real CHESTERFIELD (MO), MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 569,450 ==
Asking Price Per Square Foot $ 163 ≠≠
The median list price in CHESTERFIELD (MO), MO this week is Average Days on Market (DOM) 200 ==
$569,450.
Percent of Properties with Price Decrease 46 %
Percent Relisted (reset DOM) 15 %
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) 4%
are mildly positive indications for the market. Median House Size (sq ft) 3283
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.5

Supply and Demand Market Action Index Strong Buyer's 14.8 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to
= Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index In this zip code this week saw relatively little price change from
last week. However, we continue to demonstrate a nice up trend
over the last several weeks.

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 90-Day Rolling Average

Characteristics 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 Absorbed DOM
1.0 - 2.5
Top/First $ 1,124,900 4711 acres 4.0 4.5 107 6 8 256 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 687,500 3864 acre 4.0 3.5 107 3 5 205 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 482,250 3050 acre 4.0 3.5 108 4 6 186 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 299,900 2320 acre 4.0 2.5 32 108 3 11 152 Least expensive 25% of properties

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