Вы находитесь на странице: 1из 16

Kelsey Cottrell Realty's

MARKET UPDATE
DES PERES, 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

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
City Overview Single Family Homes in

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


DES PERES, MO

This Week Real-Time Market Profile Trend


The median list price in DES PERES, Median List Price $ 407,500 ±+
MO this week is $407,500. The 76 Average List Price $ 692,044
properties have been on the market Asking Price Per Square Foot $ 162 ==
for an average of 272 days. Average Days on Market (DoM) 272 ==

Inventory of Properties Listed 76 ==

Most Expensive Listing $ 3,975,000


Inventory and days-on-market are Least Expensive Listing $ 129,900

both trending higher recently. Average Age of Listing 49


However, the improving Market Percent of Properties with Price Decrease 41 %
Action Index implies some increased Percent Relisted (reset DOM) 22 %
demand will temper the negative Percent Flip (price increased) 7%
trends. Median House Size (sq ft) 2426
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


The Market Action Index has been Market Action Index Strong Buyer's 11.9 ==
trending lower 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
while prices have remained implies a seller's advantage. Below 30, conditions give the advantage to the
relatively stable. If inventory buyer.
continues to grow relative to
demand however, it is likely that we Trend Key: == Strong upward trend ≠≠ Strong downward trend
will see downward pressure on ±+ No change = Slight upward trend ≠ Slight downward trend
pricing.

Characteristics per Quartile

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

0.50 - 1.0
Top/First $ 1,000,000 6400 acre 4.0 4.5 19 0 4 383 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 599,000 2881 acre 4.0 3.0 19 2 2 336 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 339,000 2087 acre 4.0 2.5 19 3 2 171 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 209,000 1448 acre 3.0 2.0 49 19 2 4 196 Least expensive 25% of properties

Page 2 of 16 Monday February 15, 2010


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

Median Price
Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.

7-day Average 90-day Average

Quartile Prices
Pricing in the upper-half of the market (Quartiles 1 and 2) has been relatively flat recently while the lower-half prices have
remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the Market Action Index Quartile
breakdown for a leading indicator on which group will lead the market in the near future.

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

Page 3 of 16 Monday February 15, 2010


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

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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 16 Monday February 15, 2010


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

Market Action Index


The DES PERES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 11.91. 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 16 Monday February 15, 2010


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

Days on Market
The properties have been on the market for an average of 272 days. Half of the listings have come newly on the market in the
past 164 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 16 Monday February 15, 2010


Neighborhood Detail Single Family Homes in

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


DES PERES, MO
63131
This Week Real-Time Market Profile Trend
The median list price in DES PERES, Median List Price $ 435,450 ≠≠
MO 63131 this week is $435,450. The Average List Price $ 739,177
62 properties have been on the Asking Price Per Square Foot $ 160 ==
market for an average of 301 days. Average Days on Market (DoM) 301 ==

Inventory of Properties Listed 62 ==

Most Expensive Listing $ 3,975,000


Inventory and days-on-market are Least Expensive Listing $ 129,900

both trending higher recently. Average Age of Listing 49


However, the improving Market Percent of Properties with Price Decrease 40 %
Action Index implies some increased Percent Relisted (reset DOM) 26 %
demand will temper the negative Percent Flip (price increased) 8%
trends. Median House Size (sq ft) 2448
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


The market has been consistently Market Action Index Strong Buyer's 12.1 ==
cool for several weeks. Demand 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
level are low relative to the implies a seller's advantage. Below 30, conditions give the advantage to the
available inventory. It's a Buyer's buyer.
market and prices continue to fall.
Look for a persistent shift in Market Trend Key: == Strong upward trend ≠≠ Strong downward trend
Action before prices plateau or begin ±+ No change = Slight upward trend ≠ Slight downward trend
to rise again.

Characteristics per Quartile

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

1.0 - 2.5
Top/First $ 1,000,000 5819 acres 4.0 4.5 15 0 4 338 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 749,000 3321 acre 4.0 3.5 15 1 1 440 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 364,950 2226 acre 4.0 2.5 16 2 1 192 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 212,000 1474 acre 3.0 2.0 49 16 2 1 246 Least expensive 25% of properties

Page 7 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63131

Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their
absolute-high level. 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.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see prices in most of this zip code trending higher in recent weeks. However the upper-
middle section of the market (Quartile 2) is showing some weakness lately. Major trend changes typically start from the top or
the bottom of the market, so it is difficult to identify this as a significant indicator. Watch the Market Action Index Quartile
breakdown for Quartiles 1 and 2 for persistent weakness before projecting this narrow downtrend onto the market as a whole.

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

Page 8 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63131

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 9 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63131

Market Action Index


The DES PERES, 63131 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 12.08. 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, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

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 10 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63131

Days on Market
The properties have been on the market for an average of 301 days. Half of the listings have come newly on the market in the
past 252 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 11 of 16 Monday February 15, 2010


Neighborhood Detail Single Family Homes in

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


DES PERES, MO
63122
This Week Real-Time Market Profile Trend
The median list price in DES PERES, Median List Price $ 319,450 ±+
MO 63122 this week is $319,450. The Average List Price $ 483,314
14 properties have been on the Asking Price Per Square Foot $ 168 ==
market for an average of 142 days. Average Days on Market (DoM) 142 ==

Inventory of Properties Listed 14 ==

Most Expensive Listing $ 1,780,000


Inventory and days-on-market are Least Expensive Listing $ 195,000

both trending higher recently. Average Age of Listing


However, the improving Market Percent of Properties with Price Decrease 43 %
Action Index implies some increased Percent Relisted (reset DOM) 7%
demand will temper the negative Percent Flip (price increased) 0%
trends. Median House Size (sq ft) 2068
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 3.0

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


Home sales have been exceeding Market Action Index Strong Buyer's 10.7 ==
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
Since this is a Buyer's market prices implies a seller's advantage. Below 30, conditions give the advantage to the
are not yet moving higher as excess buyer.
inventory is consumed. However,
the as supply and demand trends Trend Key: == Strong upward trend ≠≠ Strong downward trend
continue, the market moves into the ±+ No change = Slight upward trend ≠ Slight downward trend
Seller's zone, and we are likely to
see upward pressure on pricing.

Characteristics per Quartile

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

1.0 - 2.5
Top/First $ 799,900 3325 acres 4.0 3.0 3 1 0 199 Most expensive 25% of properties

1.0 - 2.5
Upper/Second $ 499,900 2517 acres 4.0 3.0 3 0 2 147 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 289,900 2002 acre 3.5 2.2 4 1 0 110 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 209,000 1382 10,000 sqft 3.0 2.0 4 0 3 128 Least expensive 25% of properties

Page 12 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63122

Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.
Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average 90-day Average

Quartile Prices
In most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any price
increases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-
location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

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

Page 13 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63122

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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 14 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63122

Market Action Index


The DES PERES, 63122 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 10.70. 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, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

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 15 of 16 Monday February 15, 2010


Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
DES PERES, MO
63122

Days on Market
The properties have been on the market for an average of 142 days. Half of the listings have come newly on the market in the
past 147 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 16 of 16 Monday February 15, 2010