Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Download
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword
Like this
1Activity
×
0 of .
Results for:
No results containing your search query
P. 1
May 8, 2009 Saint Charles, MO 63303 Real Estate Market Update

May 8, 2009 Saint Charles, MO 63303 Real Estate Market Update

Ratings: (0)|Views: 913|Likes:
Published by Eric Stegemann
Charts showing the exact point of the point we have been discussing, prices are being pushed up because inventory of quality homes is well down for this time of year throughout Saint Louis Metro....
Charts showing the exact point of the point we have been discussing, prices are being pushed up because inventory of quality homes is well down for this time of year throughout Saint Louis Metro....

More info:

Published by: Eric Stegemann on May 08, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See More
See less

06/16/2009

pdf

text

original

 
Current prices for homes on the marketTrends in pricingCurrent levels of supply and demandValue metrics
market updateSt. Louis Area Market Data
SAINT CHARLES63303
2009-05-01Report for the week of 
Powered by Altos Research LLC Copyright 2005-2009. All Rights Reserved
River City Real Estatehttp://www.RCREonline.com
Presented by River City Real Estate
Toll Free: (866) 456-1862 | www.rcreonline.com
 
River City Real Estate, Toll Free: (866) 456-1862 | www.rcreonline.com | info@RCREonline.com
The median single family homeprice in SAINT CHARLES thisweek is $248,750. The 667 homeshave been on the market for anaverage of 189 days.
THIS WEEK 
Most Expensive ListingLeast Expensive ListingMedian List PriceAverage List PriceReal-Time Market ProfileTrendTotal Inventory$ 248,750$ 314,702$ 3,500,000$ 69,900667189Average Days on MarketAsking Price per Square Foot$ 13134Absorbed This Week*Percent of Properties with Price Decrease41 %Percent Relisted (reset DOM)7 %Percent Flip (price increased)3 %
City Overview
SAINT CHARLES
0.25 - 0.50 acreAltos Research Value StatisticsMarket Action IndexMedian Number of BedroomsMedian Number of BathroomsMedian House Size (sq ft)Median Lot SizeMedian Age1,9483.02.52015Cold! Buyer's
Altos Research calculates the Market Action Index which measures available supplyrelative to the current level of demand. Index value above 30 indicates conditions favor the seller. See the section below for full details.
The Market Action Index has beentrending down lately, whileinventory and days-on-market areclimbing. The trends imply aweakening market.To get a tightly targetedunderstanding of homes in themarket, we break each locale intoquartiles. Each quartile is 25% of thehomes listed.
QUARTILES
Characteristics per Quartile
Last Month's TrendLast Quarter'sTrend KeyNo Clear Monthly/QuarterlyBedBathMed.Sqft.Med.AgeInven.NewAb-sorbedMed. Lot SizeMedian PriceQuart Avg.DoM
*Metric "Absorbed this Week" covers properties sold and those taken off the market for other reasons.Since sales sometimes take months to close, it is impossible to discern in real-time exactly which propertiessold.
Most expensive 25% of homes
0.25 - 0.50acre
3,1604.03.5916676$ 499,950
1
246
Upper-middle 25% of homes
0.25 - 0.50acre
2,3044.02.51416763$ 299,000
2
194
Lower-middle 25% of homes
1,7203.02.5201671110
8,001 - 10,000sq ft
$ 214,900
3
170
Least expensive 25% of homes
1,2183.02.0381671715
8,001 - 10,000sq ft
$ 154,900
4
147
We'll refer to the quartiles in thetrend graphs below.
2
St. Louis Area Market Data Reports Market Update for SAINT CHARLES
 
River City Real Estate, Toll Free: (866) 456-1862 | www.rcreonline.com | info@RCREonline.com
PRICE
While this week the median didn’tfluctuate much, prices continue tosit at all time highs. A persistentdrop of the Market Action Indexinto the Buyer’s zone will be aleading indicator of the pricestrength subsiding.
QUARTILE PRICES
Not surprisingly, given thecondition of the overall market, allquartiles have shown price strengthin recent weeks. All have beenincreasing in price lately.Often, we find insights by watchingpricing trends within the quartilesegments.
3
St. Louis Area Market Data Reports Market Update for SAINT CHARLES

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->