Real Estate Statistics for St. Charles, MO 63303 Including Real Estate & Housing Statistics

8/14/2019 Real Estate Statistics for St. Charles, MO 63303 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 Groupwww.kelseycottrell.com - [email protected]

SAINT CHARLES, M633

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

City OverviewSAI

CHARLES, M

Monday February 15, 2010

Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

90-day Average7-day Average

Quartile PricesPrice weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the MarketAction Index as a leading indicator of the bottom of the market.

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

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City OverviewSAI

CHARLES, M


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


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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City OverviewSAI

CHARLES, M


Market Action IndexThe SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.43. 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 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.

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City OverviewSAI

CHARLES, M


Days on MarketThe properties have been on the market for an average of 210 days. Half of the listings have come newly on the market in thepast 130 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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Median List Price

Median Lot Size

14.7

Percent Relisted (reset DOM)

2245

2.5

16 %

Median Number of Bathrooms

191

Inventory of Properties Listed

$ 120

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 258,900

44 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

14 %

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

23 22757

2032.5 40

3.0

2

179

3.0 52

129

4

1

0.25 - 0.50acre

$ 221,400

5

5

52

2.5

0.25 - 0.50acre

22.5

14068,001 -

10,000 sqft

52

$ 160,000

4.0

254

0.25 - 0.50acre$ 294,900

4.0$ 379,900

2

2440

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.



51

2204

2.0

The median list price in SAINTCHARLES, MO 63303 this week is

$258,900. The 207 properties havebeen on the market for an average of191 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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SAINCHARLES, M

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

207

$ 1,250,000

$ 81,900

$ 275,785

32

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

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Neighborhood DetailSAI

CHARLES, M


Median PriceYou can see that prices in this zip code are marching upward and that we're getting close to the market's all time high. Watchfor persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strengthsubsiding.


Quartile PricesIn the quartile market segments, we see the zip code's recent price weakness evident at the upper-half of the market (Quartiles1 and 2). Quartile 3 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it willlikely resume the trend of the rest of the market.


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CHARLES, M


Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


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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CHARLES, M


Market Action IndexThe SAINT CHARLES, 63303 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 14.74. With several months of inventory available at the current sales rate, buyers should find amplechoice.

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.


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.

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CHARLES, M

Monday February 15 2010

Days on MarketThe properties have been on the market for an average of 191 days. Half of the listings have come newly on the market in thepast 126 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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Documents

Real Estate Statistics for St. Charles, MO 63303 Including Real Estate & Housing Statistics