Monday November 30, 2009

St. Louis Area Real DES PERES, MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 422,450 ±+
Asking Price Per Square Foot $ 160 ≠≠
The median list price in DES PERES, MO this week is $422,450. Average Days on Market (DOM) 196 ==
Percent of Properties with Price Decrease 60 %
Percent Relisted (reset DOM) 24 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 6%
negative implications for the market. Median House Size (sq ft) 2436
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 3.5
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 13.9 ≠≠

The Market Action Index has been trending lower for several ±+ No change == Strong upward trend ≠≠ Strong downward trend
weeks while prices have remained relatively stable. If inventory
continues to grow relative to demand however, it is likely that we
= Slight upward trend ≠ Slight downward trend
will see downward pressure on pricing.

Price
Market Action Index Recently prices in this zip have settled at a plateau even though
they dipped this week. Look for a persistent up-shift in the
Market Action Index before we see prices significantly move
from these levels.

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 $ 1,000,000 6454 acres 4.0 4.5 20 0 0 282 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 569,000 3182 acre 4.0 3.5 20 0 1 284 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 329,900 2079 acre 3.0 2.5 21 1 0 123 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 195,000 1272 10,000 sqft 3.0 2.0 48 21 1 1 103 Least expensive 25% of properties

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