Monday December 28, 2009

St. Louis Area Real CRESTWOOD, MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 179,950 ±+
Asking Price Per Square Foot $ 128 ≠≠
The median list price in CRESTWOOD, MO this week is $179,950. Average Days on Market (DOM) 224 ==
Percent of Properties with Price Decrease 47 %
Percent Relisted (reset DOM) 6%
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) 0%
negative implications for the market. Median House Size (sq ft) 1390
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 16.2 ≠≠

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

Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.

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
0.25 - 0.50
Top/First $ 209,500 1860 acre 4.0 2.0 8 0 0 275 Most expensive 25% of properties

8,001 -
Upper/Second $ 189,000 1403 10,000 sqft 3.0 2.0 8 0 0 163 Upper-middle 25% of properties

6,501 -
Lower/Third $ 159,900 1244 8,000 sqft 3.0 2.0 21 9 1 1 220 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 130,000 1170 10,000 sqft 3.0 1.5 9 0 0 238 Least expensive 25% of properties

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