Post on 30-May-2018
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
1/16
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 ofFebruary 15, 2010
Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Group www.kelseycottrell.com - info@kelseycottrell.com314-779-3690
DES PERES, MO
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
http://www.stlouisrealestatetoday.com/http://www.stlouisrealestatetoday.com/8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
2/16
Median List Price
Median Lot Size
11.9
Percent Relisted (reset DOM)
2426
2.5
7 %
Median Number of Bathrooms
272
Inventory of Properties Listed
$ 162
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 407,500
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
22 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
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 Demand
Characteristics per Quartile
46400
1712.5
3.0
3
336
4.0 19
196
2
2
0.50 - 1.0acre
49
$ 339,000
2
0
19
4.5
0.25 - 0.50acre
23.0
1448 0.25 - 0.50acre
19
$ 209,000
4.0
383
0.25 - 0.50acre$ 599,000
4.0$ 1,000,000
4
2881
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
19
2087
2.0
The median list price in DES PERES,MO this week is $407,500. The 76properties have been on the marketfor an average of 272 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
DES PERES, MOCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
76
$ 3,975,000$ 129,900
$ 692,044
49
Trend Key:
The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.
age 2 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
3/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
DES PERES, MO
Monday February 15, 2010
Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.
90-day Average7-day Average
Quartile PricesPricing in the upper-half of the market (Quartiles 1 and 2) has been relatively flat recently while the lower-half prices haveremained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the Market Action Index Quartilebreakdown for a leading indicator on which group will lead the market in the near future.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 3 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
4/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
DES PERES, MO
Monday February 15, 2010
Price per Square FootThe 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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 4 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
5/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
DES PERES, MO
Monday February 15, 2010
Market Action IndexThe DES PERES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 11.91. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
age 5 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
6/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
DES PERES, MO
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 272 days. Half of the listings have come newly on the market in thepast 164 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
age 6 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
7/16
Median List Price
Median Lot Size
12.1
Percent Relisted (reset DOM)
2448
2.5
8 %
Median Number of Bathrooms
301
Inventory of Properties Listed
$ 160
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 435,450
40 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
26 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
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 Demand
Characteristics per Quartile
45819
1922.5
3.0
2
440
4.0 16
246
1
1
1.0 - 2.5acres
49
$ 364,950
2
0
16
4.5
0.25 - 0.50acre
13.5
1474 0.25 - 0.50acre
15
$ 212,000
4.0
338
0.25 - 0.50acre$ 749,000
4.0$ 1,000,000
1
3321
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
15
2226
2.0
The median list price in DES PERES,MO 63131 this week is $435,450. The62 properties have been on themarket for an average of 301 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
DES PERES, MO6313
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
62
$ 3,975,000$ 129,900
$ 739,177
49
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
age 7 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
8/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO631
Monday February 15, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in most of this zip code trending higher in recent weeks. However the upper-middle section of the market (Quartile 2) is showing some weakness lately. Major trend changes typically start from the top orthe bottom of the market, so it is difficult to identify this as a significant indicator. Watch the Market Action Index Quartilebreakdown for Quartiles 1 and 2 for persistent weakness before projecting this narrow downtrend onto the market as a whole.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 8 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
9/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO631
Monday February 15, 2010
Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 9 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
10/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO631
Monday February 15, 2010
Market Action IndexThe DES PERES, 63131 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 12.08. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
ge 10 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
11/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO631
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 301 days. Half of the listings have come newly on the market in thepast 252 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
age 11 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
12/16
Median List Price
Median Lot Size
10.7
Percent Relisted (reset DOM)
2068
2.5
0 %
Median Number of Bathrooms
142
Inventory of Properties Listed
$ 168
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 319,450
43 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
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 Demand
Characteristics per Quartile
03325
1102.2
3.0
1
147
3.5 4
128
0
0
1.0 - 2.5acres
$ 289,900
0
1
4
3.0
0.25 - 0.50acre
23.0
1382 8,001 -10,000 sqft
3
$ 209,000
4.0
199
1.0 - 2.5acres$ 499,900
4.0$ 799,900
3
2517
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
3
2002
2.0
The median list price in DES PERES,MO 63122 this week is $319,450. The14 properties have been on themarket for an average of 142 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
DES PERES, MO63122
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
14
$ 1,780,000$ 195,000
$ 483,314
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,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.
ge 12 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
13/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO6312
Monday February 15, 2010
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any priceincreases in the last few weeks. 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
ge 13 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
14/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO6312
Monday February 15, 2010
Price per Square FootThe 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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
ge 14 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
15/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO6312
Monday February 15, 2010
Market Action IndexThe DES PERES, 63122 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 10.70. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
ge 15 of 16
Single Family Homes in
8/14/2019 Real Estate Statistics for Des Peres, MO Including Real Estate & Housing Statistics
16/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
DES PERES, MO6312
Days on MarketThe properties have been on the market for an average of 142 days. Half of the listings have come newly on the market in thepast 147 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
Single Family Homes in