Monday January 25, 2010

St. Louis Area Real BALLWIN, MO 63011

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 259,900 ≠≠
Asking Price Per Square Foot $ 127 ±+
The median list price in BALLWIN, MO 63011 this week is $259,900. Average Days on Market (DOM) 197 ==
Percent of Properties with Price Decrease 40 %
Percent Relisted (reset DOM) 10 %
Even though the days-on-market is trending higher, so is the Market
Action Index at these inventory levels, providing a neutral outlook Percent Flip (price increased) 2%
for the market. Median House Size (sq ft) 2196
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 15.2 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.

Price
Market Action Index Again this week in this zip code we see a downward notch for
prices. We continue to pull back from the market's highs. 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 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 $ 499,900 3194 acre 4.0 3.5 39 0 1 173 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 300,000 2508 acre 4.0 2.5 39 2 1 213 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 225,000 1836 acre 3.0 2.5 39 7 6 218 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 179,900 1514 acre 3.0 2.0 6 40 4 2 186 Least expensive 25% of properties

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