8/14/2019 Real Estate Statistics for Creve Coeur, MO 63141 Including Real Estate & Housing Statistics
1/11
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]
CREVE COEUR, M63
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2/11
Median List Price
Median Lot Size
14.5
Percent Relisted (reset DOM)
3279
3.5
1 %
Median Number of Bathrooms
278
Inventory of Properties Listed
$ 183
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 570,950
37 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
11 %
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
34584
2653.0 2
4.0
3
336
4.0 21
199
2
2
1.0 - 2.5acres
$ 495,000
1
0
21
4.5
0.50 - 1.0acre
63.5
19780.25 - 0.50
acre
20
$ 279,900
4.0
314
1.0 - 2.5acres$ 739,450
4.0$ 1,377,000
1
3869
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
20
2961
2.5
The median list price in CREVECOEUR, MO this week is $570,950.
The 82 properties have been on themarket for an average of 278 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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=
CREVE COEUM
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
82
$ 2,225,000
$ 110,000
$ 753,099
2
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.
Page 2 of 11
Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewCREVE COEU
M
Monday February 15, 2010
Median PriceAgain this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.
90-day Average7-day Average
Quartile PricesPrices in most of the market have been trending higher in recent weeks. However the high-end of the market (Quartile 1) isshowing some weakness. If this trend continues, expect downward price pressures on the rest of the market to follow.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewCREVE COEU
M
Monday February 15, 2010
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.
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
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Single Family Hom
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8/14/2019 Real Estate Statistics for Creve Coeur, MO 63141 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewCREVE COEU
M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 278 days. Half of the listings have come newly on the market in thepast 242 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
Page 6 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Creve Coeur, MO 63141 Including Real Estate & Housing Statistics
7/11
Median List Price
Median Lot Size
14.3
Percent Relisted (reset DOM)
3314
3.5
0 %
Median Number of Bathrooms
294
Inventory of Properties Listed
$ 190
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 593,000
36 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
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
34717
2773.5 2
4.0
4
335
4.0 19
244
1
2
1.0 - 2.5acres
$ 519,000
0
0
20
4.5
0.50 - 1.0acre
63.5
22680.25 - 0.50
acre
19
$ 349,800
4.0
325
1.0 - 2.5acres$ 749,000
4.0$ 1,385,000
1
4000
Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
19
3111
2.5
The median list price in CREVECOEUR, MO 63141 this week is
$593,000. The 77 properties havebeen on the market for an average of294 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+
==
=
CREVE COEUMO 631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
77
$ 2,225,000
$ 235,000
$ 789,640
2
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.
Page 7 of 11
Single Family Home
8/14/2019 Real Estate Statistics for Creve Coeur, MO 63141 Including Real Estate & Housing Statistics
8/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailCREVE COEU
MO 63
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 PricesNot surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All havebeen increasing in price lately. Watch for a persistent decline in the Market Action Index as a leading indicator for the top of themarket.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailCREVE COEU
MO 63
Monday February 15, 2010
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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 9 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailCREVE COEU
MO 63
Monday February 15, 2010
Market Action IndexThe CREVE COEUR, 63141 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.30. 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.
age 10 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailCREVE COEU
MO 63
Monday February 15 2010
Days on MarketThe properties have been on the market for an average of 294 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
Page 11 of 11
Single Family Hom