Monday December 28, 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 $ 589,500 ==
Asking Price Per Square Foot $ 162 ≠≠
The median list price in CHESTERFIELD (MO), MO this week is Average Days on Market (DOM) 246 ==
$589,500.
Percent of Properties with Price Decrease 43 %
Percent Relisted (reset DOM) 13 %
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) 5%
negative implications for the market. Median House Size (sq ft) 3300
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 14.6 ≠≠

In terms of supply and demand, the market is getting cooler - more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer's market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.
Market Action Index
±+ No change == Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
While this week the median didn't fluctuate much, we are
relatively close to the market's price high-point. A persistent
drop of the Market Action Index into the Buyer's zone will be a
leading indicator of the price strength subsiding.

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 $ 1,149,900 4800 acres 4.0 4.5 91 0 6 338 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 688,234 3869 acre 4.0 3.5 1 91 1 5 239 Upper-middle 25% of properties

0.50 - 1.0
Lower/Third $ 480,000 3120 acre 4.0 3.5 2 91 1 3 208 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 296,450 2206 acre 4.0 2.5 32 92 1 3 201 Least expensive 25% of properties

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