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Monday January 25, 2010

St. Louis Area Real DES PERES, MO


Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 379,950 ≠≠
Asking Price Per Square Foot $ 158 ±+
The median list price in DES PERES, MO this week is $379,950. Average Days on Market (DOM) 257 ==
Percent of Properties with Price Decrease 41 %
Percent Relisted (reset DOM) 22 %
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a Percent Flip (price increased) 7%
weakening market. Median House Size (sq ft) 2416
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 11.4 ≠≠

The market has been consistently cool for several weeks. Demand ±+ No change == Strong upward trend ≠≠ Strong downward trend
level are low relative to the available inventory. It's a Buyer's
market and prices continue to fall. Look for a persistent shift in = Slight upward trend ≠ Slight downward trend
Market Action before prices plateau or begin to rise again.

Price
Market Action Index Again this week we see a downward notch for prices. Pricing has
been weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for the
durability of this trend.

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
1.0 - 2.5
Top/First $ 1,000,000 6100 acres 4.0 4.5 18 2 0 351 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 599,450 2828 acre 4.0 3.2 18 1 1 342 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 299,900 2131 acre 3.0 2.5 19 4 0 182 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 215,000 1448 acre 3.0 2.0 49 19 2 0 163 Least expensive 25% of properties

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