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Monday November 30, 2009

St. Louis Area Real SAINT CHARLES, MO


Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 239,900 ±+
Asking Price Per Square Foot $ 124 ≠≠
The median list price in SAINT CHARLES, MO this week is $239,900. Average Days on Market (DOM) 183 ≠≠
Percent of Properties with Price Decrease 47 %
Percent Relisted (reset DOM) 10 %
The Market Action Index has been basically flat recently, and days-
on-market decreasing, there are not strong signals for the direction Percent Flip (price increased) 3%
of the market. Median House Size (sq ft) 2116
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 15.5 ±+

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent
weeks. Watch the Market Action Index for changes as it can be a
= Slight upward trend ≠ Slight downward trend
leading indicator for price changes.

Price
Market Action Index While the median price in this zip code hasn't moved much in the
last few weeks, we are relatively close to the market's high-
water mark. Watch for persistent downward shift in the Market
Action Index into the Buyer's zone as a leading indicator of the
price strength subsiding.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

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 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -


where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.50 - 1.0
Top/First $ 528,250 3106 acre 4.0 3.5 38 178 4 8 254 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 279,900 2356 acre 4.0 2.5 178 1 9 175 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 209,900 1846 acre 3.0 2.5 18 178 4 11 172 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 150,000 1234 10,000 sqft 3.0 2.0 9 178 13 14 131 Least expensive 25% of properties

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