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CHESTERFIELD
St. Louis Area Market Data
63017
Sunday January 25, 2009
market update
The median single family homeprice in CHESTERFIELD 63017this week is $382,200.
THIS WEEK 
Median List PriceReal-Time Market ProfileTrend$ 382,200143Average Days on MarketAsking Price per Square Foot$ 153Percent of Properties with Price Decrease54 %Percent Relisted (reset DOM)14 %Percent Flip (price increased)1 %Market Action Index*13Cold! Buyer'sMedian Number of BedroomsMedian Number of BathroomsMedian House Size (sq ft)Median Lot Size2,5694.03.00.25 - 0.50 acre
Inventory has been decreasinglately but the Market Action Indexis falling also. With days-on-marketclimbing, these are relativelynegative implications for themarket.
* see below for details on the Market Action Index
PRICE
In this zip code this week sawrelatively little price change fromlast week. However, we continue todemonstrate a nice up trend overthe last several weeks.
SUPPLY AND DEMAND
The Market Action Index answers the question "How's the Market?" By measuring thecurrent rate of sale versus the amount of the inventory.
Local conditions are currently quitestrongly in the Buyer's Market zone(below 30). The 90-day MarketAction Index stands at 13. Withseveral months of inventoryavailable at the current sales rate,buyers should find ample choice.
Index above 30 implies Seller's Market conditions. Below 30, conditions favor thebuyer.
BedBathMed.SqftMed.AgeInven.NewAb-sorbedMed. Lot SizeMedian PriceQuart
Investigate the market inquartiles—where each quartile is25% of the homes
QUARTILES
Characteristics per Quartile
Avg.DoM0.50 - 1.0 acre
3,9244.04.094030$ 842,000
1
Most expensive 25% of homes
164
0.25 - 0.50 acre
 
2,9164.03.5244020$ 449,950
2
Upper-middle 25% of homes
163
0.25 - 0.50 acre
 
2,5124.02.8324082$ 345,938
3
Lower-middle 25% of homes
131
0.25 - 0.50 acre
 
1,9444.02.5334033$ 269,900
4
Least expensive 25% of homes
118
River City Real Estate, Toll Free: (866) 456-1862 | www.rcreonline.com | info@RCREonline.com
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