Kelsey Cottrell Realty's MARKET UPDATE

CHESTERFIELD, MO 63146

SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com

· 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
February 15, 2010

· Presented by Kevin Cottrell - Office of Chief Economist Kelsey Cottrell Realty Group www.kelseycottrell.com - info@kelseycottrell.com 314-779-3690

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC

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

Single Family Homes in

CHESTERFIELD , MO
Trend
$ 532,495 $ 670,578 $ 158 234 368 $ 4,500,000 $ 145,000 19 39 % 20 % 7% 3160 0.50 - 1.0 acre 4.0 3.5 ≠≠ ≠≠ == ≠≠

This Week
The median list price in CHESTERFIELD (MO), MO this week is $532,495. The 368 properties have been on the market for an average of 234 days. Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.
Median List Price Average List Price

Real-Time Market Profile

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Number of Bathrooms

Altos Research Value Statistics
Market Action Index Strong Buyer's 15.3 == 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile
Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 1,107,200 $ 647,400 $ 425,000 $ 286,950

4768 3697 2864 2158

1.0 - 2.5 acres 0.50 - 1.0 acre 0.25 - 0.50 acre 0.25 - 0.50 acre

4.0 4.0 4.0 4.0

4.5 4.0 3.5 2.5

1

92 92

0 2 14 14

1 3 5 11

314 221 222 178

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

2 32

92 92

Page 2 of 11

Monday February 15, 2010

City Overview

Single Family Homes in

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

CHESTERFIELD , MO

Median Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices
Most of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 11

Monday February 15, 2010

City Overview

Single Family Homes in

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

CHESTERFIELD , MO

Price per Square Foot
The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 4 of 11

Monday February 15, 2010

City Overview

Single Family Homes in

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

CHESTERFIELD , MO

Market Action Index
The CHESTERFIELD (MO) market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.33. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile
Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Page 5 of 11 Monday February 15, 2010

City Overview

Single Family Homes in

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

CHESTERFIELD , MO

Days on Market
The properties have been on the market for an average of 234 days. Half of the listings have come newly on the market in the past 164 or so days.

7-day Average

90-day Average

Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 6 of 11

Monday February 15, 2010

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

Single Family Homes in

CHESTERFIELD , MO 63146
Trend
$ 199,900 $ 208,640 $ 117 76 15 $ 319,900 $ 145,000 33 40 % 0% 0% 1666 0.25 - 0.50 acre 3.0 2.0 ≠≠ == == ≠≠

This Week
The median list price in CHESTERFIELD (MO), MO 63146 this week is $199,900. The 15 properties have been on the market for an average of 76 days. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Median List Price Average List Price

Real-Time Market Profile

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand
The market has been consistently cool for several weeks. Demand 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 Market Action before prices plateau or begin to rise again.

Median Number of Bathrooms

Altos Research Value Statistics
Market Action Index Strong Buyer's 10.0 ≠≠ 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile
Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 279,900 $ 209,200 $ 192,450 $ 158,450

2064 1912 1463 1673

6,501 8,000 sqft 0.25 - 0.50 acre 0.25 - 0.50 acre 0.25 - 0.50 acre

2.0 4.0 3.0 3.0

2.0 2.5 2.0 2.0 33

3 4 4 4

0 0 1 2

0 0 1 1

79 121 46 60

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Page 7 of 11

Monday February 15, 2010

Neighborhood Detail

Single Family Homes in

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

CHESTERFIELD , MO 63146

Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been in price decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 8 of 11

Monday February 15, 2010

Neighborhood Detail

Single Family Homes in

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

CHESTERFIELD , MO 63146

Price per Square Foot
The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 9 of 11

Monday February 15, 2010

Neighborhood Detail

Single Family Homes in

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

CHESTERFIELD , MO 63146

Market Action Index
The CHESTERFIELD (MO), 63146 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 10.04. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile
Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Page 10 of 11 Monday February 15, 2010

Neighborhood Detail

Single Family Homes in

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

CHESTERFIELD , MO 63146

Days on Market
The properties have been on the market for an average of 76 days. Half of the listings have come newly on the market in the past 84 or so days.

7-day Average

90-day Average

Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 11 of 11

Monday February 15, 2010