8/14/2019 Real Estate Statistics for Sunset Hills, 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]
SUNSET HILLS, MO
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Median List Price
Median Lot Size
14.8
Percent Relisted (reset DOM)
2656
3.5
3 %
Median Number of Bathrooms
248
Inventory of Properties Listed
$ 154
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 544,600
25 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
3 %
Percent of Properties with Price Decrease
Strong Buyer's
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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
38 04950
1662.8
3.0
1
288
3.0 8
254
0
1
0.50 - 1.0acre
$ 432,450
0
2
8
4.5
1.0 - 2.5acres
03.5
1122 4,501 -6,500 sqft
8
$ 132,450
4.0
284
0.50 - 1.0acre$ 588,300
4.0$ 799,450
0
3652
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
8
2587
1.5
The median list price in SUNSETHILLS, MO this week is $544,600. The32 properties have been on themarket for an average of 248 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+
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SUNSET HILLS,M
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
32
$ 1,650,000$ 99,900
$ 522,671
38
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 2 of 6
Single Family Homes in
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
SUNSET HILLS,M
Monday February 15, 2010
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
90-day Average7-day Average
Quartile PricesPricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 3 of 6
Single Family Homes in
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
SUNSET HILLS,M
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
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 6
Single Family Homes in
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
SUNSET HILLS,M
Monday February 15, 2010
Market Action IndexThe SUNSET HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.82. 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 6
Single Family Homes in
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
SUNSET HILLS,M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 248 days. Half of the listings have come newly on the market in thepast 168 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 6
Single Family Homes in