Chesterfield Market Summary July 11th

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  • 8/6/2019 Chesterfield Market Summary July 11th

    1/1

    0 63842

    1073.0 0

    4.0

    1

    98

    4.0 56

    139

    5

    3

    0.25 - 0.50acre

    0

    $ 344,750

    6

    2

    56

    4.5

    0.25 - 0.50acre

    24.0

    22790.25 - 0.50

    acre

    56

    $ 258,000

    4.0

    167

    0.25 - 0.50acre$ 399,900

    4.0$ 649,900

    0

    4

    2844

    In this zip code this week saw relatively little price change flast week. However, we continue to demonstrate a nice up over the last several weeks.

    In terms of supply and demand, the market is getting cooler - moresupply is coming on the market relative to the sales demand.

    However, in recent weeks prices have been moving higher. Since it istechnically a Buyer's market, this price trend may be a result ofimproved quality (newer, larger homes) of the homes being listed.Look at the descriptive statistics where you may notice the homesbeing listed are larger and younger than they have been in the past.

    Inventory is up and Market Action is trending down recently. Whiledays-on-market appears to be trending lower, the overallconditions are weakening a bit.

    CHESTERFIELD (MO), MOFinding Homes for YouExecutive Summary

    55

    2534

    3.0

    Monday July 11, 2011

    The median list price in CHESTERFIELD (MO), MO 63017 this week is$360,000.

    Investigate the market in quartwhere each quartile is 25% of hordered by price.

    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.

    Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659

    No change Strong upward trend Strong downward t

    Slight upward trend Slight downward tr

    + ==

    =

    Powered by Altos Research LLC | www.altosresearch.com | Copyright 2010 Altos Research LLC

    Single Family Homes

    Median Lot Size

    13.9

    Percent Relisted (reset DOM)

    2640

    4.0

    1 %

    Median Number of Bathrooms

    128

    Median List Price

    Average Days on Market (DOM)

    $ 138

    Percent Flip (price increased)

    0.25 - 0.50 acre

    Median House Size (sq ft)

    $ 360,000

    52 %

    4.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    5 %

    Percent of Properties with Price Decrease

    Strong Buyer's

    ==

    ==

    ttom/Fourth

    Lower/Third

    pper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Tren

    Price

    Price T

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

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

    7-Day Rolling Average 90-Day Rolling Average