Kelsey Cottrell Realty's MARKET UPDATE

WEBSTER GROVES, MO

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

WEBSTER GROVES, MO
Trend
$ 249,900 $ 321,514 $ 159 158 139 $ 1,650,000 $ 69,900 53 44 % 11 % 5% 1730 8,001 - 10,000 sqft 3.0 2.0 == == == ±+

This Week
The median list price in WEBSTER GROVES, MO this week is $249,900. The 139 properties have been on the market for an average of 158 days.
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

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

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 13.3 == 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

$ 532,400 $ 320,000 $ 217,500 $ 159,900

2962 1924 1410 1136

0.25 - 0.50 acre 8,001 10,000 sqft 8,001 10,000 sqft 8,001 10,000 sqft

4.0 3.0 3.0 2.0

3.0 2.0 2.0 1.0 35 90

34 35 35 35

3 5 1 6

2 5 1 5

217 184 101 131

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

Page 2 of 6

Monday February 15, 2010

City Overview

Single Family Homes in

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

WEBSTER GROVES, MO

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices
Not surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All have been increasing in price lately.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 6

Monday February 15, 2010

City Overview

Single Family Homes in

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

WEBSTER GROVES, MO

Price per Square Foot
The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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 6

Monday February 15, 2010

City Overview

Single Family Homes in

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

WEBSTER GROVES, MO

Market Action Index
The WEBSTER GROVES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 13.25. 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 6 Monday February 15, 2010

City Overview

Single Family Homes in

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

WEBSTER GROVES, MO

Days on Market
The properties have been on the market for an average of 158 days. Half of the listings have come newly on the market in the past 119 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 6

Monday February 15, 2010