MARKET UPDATEKelsey Cottrell Realty's

· 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

January 17, 2011

· Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Group www.kelseycottrell.com - info@kelseycottrell.com314-779-3690

BALLWIN, MO

Median List PriceMedian Lot Size14.7Percent Relisted (reset DOM)20743.02 %Median Number of Bathrooms175Inventory of Properties Listed$ 121Percent Flip (price increased)0.25 - 0.50 acreMedian House Size (sq ft)$ 229,90052 %4.0Market Action IndexMedian Number of BedroomsAsking Price Per Square Foot13 %Percent of Properties with Price DecreaseStrong Buyer's

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Altos Research Value Statistics

Most Expensive ListingAverage Days on Market (DoM)

Bottom/FourthLower/ThirdUpper/SecondTop/First

This Week

Real-Time Market ProfileTrend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and DemandCharacteristics per Quartile

1332261403.013.071533.0108145106

0.25 - 0.50acre

1$ 199,9981041084.0

0.25 - 0.50acre

53.01340

0.25 - 0.50acre

108$ 149,9504.0263

0.25 - 0.50acre

$ 275,0004.0$ 469,950142297

Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.

Monday January 17, 2011

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

10817342.0

The median list price in BALLWIN, MOthis week is $229,900. The 432properties have been on the marketfor an average of 175 days.

Most expensive 25% of propertiesUpper-middle 25% of propertiesLower-middle 25% of propertiesLeast expensive 25% of properties

Quartile

Median PriceLot SizeBedsBathsAgeInventoryNewAbsorbedDOMSq. Ft.No changeStrong upward trendStrong downward trendSlight upward trendSlight downward trend

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BALLWIN, MO

City Overview

Least Expensive ListingAverage List PriceAverage Age of Listing432$ 749,900$ 47,900$ 277,6741

Trend Key:

Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However, asthe supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

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Single Family Homes in

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

City Overview

BALLWIN, MO

Monday January 17, 2011

Median Price

The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

90-day Average7-day Average

Quartile Prices

Price weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.