Thursday September 17, 2009

CRESTWOOD, MO
St. Louis Area Condos - Townhomes - TICs

EXECUTIVE SUMMARY

This Week
Real-Time Market Profile Trend
Median List Price $ 139,750 ≠≠
Asking Price Per Square Foot $ 131 ≠≠
The median list price in CRESTWOOD, MO this week is $139,750. Average Days on Market (DOM) 84 ≠≠
Percent of Properties with Price Decrease 17 %
Percent Relisted (reset DOM) 17 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 0%
seem to have strong up or down pull. Median House Size (sq ft) 1234
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Strong Buyer's 2.6 ±+

Supply and Demand

The market has settled in at a relative stasis in inventory and ±+ No change == Strong upward ≠≠ Strong downward
sales conditions. It's a Buyer's market that has seen prices trend
lower. Expect that consistent up trends in demand will be
= Slight upward ≠ Slight downward trend
required before price trends change significantly.

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 90-Day Rolling

Chacteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 379,900 1952 2.0 2.0 1 1 1 Most expensive 25% of properties

Upper/Second $ 359,900 2555 3.0 2.5 1 0 315 Upper-middle 25% of properties

Lower/Third $ 139,750 1234 2.5 2.0 2 2 0 1 Lower-middle 25% of properties

Bottom/Fourt $ 119,400 1010 2.0 2.0 2 1 0 92 Least expensive 25% of properties

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