Real Estate Statistics for Brentwood, MO Including Real Estate & Housing Statistics

8/14/2019 Real Estate Statistics for Brentwood, MO Including Real Estate & Housing Statistics

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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 - [email protected]

BRENTWOOD, M

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Median List Price

Median Lot Size

14.6

Percent Relisted (reset DOM)

1477

2.0

4 %

Median Number of Bathrooms

190

Inventory of Properties Listed

$ 175

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 234,950

27 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

Percent of Properties with Price Decrease

Strong Buyer's

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±+

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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

12853

1611.0

2.0

1

201

2.0 12

196

1

1

8,001 -10,000 sqft

$ 199,900

2

0

12

3.2

6,501 -8,000 sqft

02.0

11224,501 -

6,500 sqft

12

$ 162,450

3.0

204

6,501 -8,000 sqft$ 314,700

4.0$ 462,450

2

1684

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

12

1192

1.0

The median list price in BRENTWOOD,MO this week is $234,950. The 48

properties have been on the marketfor an average of 190 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 trend

Slight upward trend Slight downward trend±+

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≠=

BRENTWOOM

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

48

$ 899,900

$ 124,000

$ 300,803

Trend Key:

In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics

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Single Family Home




City OverviewBRENTWOO

M


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

90-day Average7-day Average

Quartile PricesPrices in most of the market trending have been higher in recent weeks except for the high-end of the market, which has beenessentially flat.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.


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.


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Market Action IndexThe BRENTWOOD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.63. 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


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 Buyer’s 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.

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Days on MarketThe properties have been on the market for an average of 190 days. Half of the listings have come newly on the market in thepast 136 or so days.


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.


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Single Family Hom

Documents

Real Estate Statistics for Brentwood, MO Including Real Estate & Housing Statistics