Kelsey Cottrell Realty's

MARKET UPDATE
KIRKWOOD, MO

SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of

February 15, 2010

· Presented by Kevin Cottrell - Office of Chief Economist

Kelsey Cottrell Realty Group
www.kelseycottrell.com - info@kelseycottrell.com
314-779-3690

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 City Overview Single Family Homes in

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

KIRKWOOD, MO

This Week Real-Time Market Profile Trend

The median list price in KIRKWOOD, Median List Price $ 269,450 ≠≠
MO this week is $269,450. The 182 Average List Price $ 338,818
properties have been on the market Asking Price Per Square Foot $ 161 ==
for an average of 207 days. Average Days on Market (DoM) 207 ≠≠

Inventory of Properties Listed 182 ==

Most Expensive Listing $ 990,000

Demand measured by the Market Least Expensive Listing $ 81,900

Action Index is increasing and days- Average Age of Listing 11

on-market is trending downward. Percent of Properties with Price Decrease 45 %
Even as more properties come Percent Relisted (reset DOM) 10 %
available, these are positive trends Percent Flip (price increased) 1%
for the market. Median House Size (sq ft) 1796
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.0

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 14.3 ==
new inventory for several weeks. 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
However because of excess implies a seller's advantage. Below 30, conditions give the advantage to the
inventory, prices have not yet buyer.
stopped falling. Should the sales
trend continue, expect prices to Trend Key: == Strong upward trend ≠≠ Strong downward trend
level off soon and potentially to ±+ No change = Slight upward trend ≠ Slight downward trend
resume their climb from there.
Watch prices as the market
transitions from a Buyer's market to
a Seller's market.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.25 - 0.50
Top/First $ 598,900 3218 acre 4.0 3.5 11 45 5 4 270 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 349,900 2187 acre 4.0 2.5 45 8 3 201 Upper-middle 25% of properties

8,001 -
Lower/Third $ 214,450 1390 10,000 sqft 3.0 1.5 46 4 2 151 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 149,950 1072 10,000 sqft 2.0 1.0 46 6 6 207 Least expensive 25% of properties

Page 2 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
KIRKWOOD, MO

Median Price
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in
the Market Action Index, so watch that chart to try to identify a change in the market.

7-day Average 90-day Average

Quartile Prices
Pricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market is
trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the
market.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
KIRKWOOD, MO

Price per Square Foot

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
KIRKWOOD, MO

Market Action Index

The KIRKWOOD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 14.33. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.

Page 5 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
KIRKWOOD, MO

Days on Market
The properties have been on the market for an average of 207 days. Half of the listings have come newly on the market in the
past 158 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 6 of 6 Monday February 15, 2010