Real Estate Statistics for St. Louis, MO 63134 Including Real Estate & Housing Statistics
Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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Transcript of Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 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
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
http://www.stlouisrealestatetoday.com/http://www.stlouisrealestatetoday.com/ -
8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
2/11
Median List Price
Median Lot Size
14.4
Percent Relisted (reset DOM)
2050
2.5
9 %
Median Number of Bathrooms
210
Inventory of Properties Listed
$ 123
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 228,914
40 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
11 %
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
36 33140
1852.5 40
3.0
27
220
3.0 185
146
27
8
0.50 - 1.0acre
6
$ 194,900
27
16
185
3.5
8,001 -10,000 sqft
92.5
12058,001 -
10,000 sqft
185
$ 145,000
4.0
289
0.25 - 0.50acre$ 275,000
4.0$ 499,000
11
2314
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
185
1758
2.0
The median list price in SAINTCHARLES, MO this week is $228,914.
The 740 properties have been on themarket for an average of 210 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+
==
=
SAINCHARLES, M
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
740
$ 2,999,000
$ 47,900
$ 298,872
32
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Page 2 of 11
Single Family Home
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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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
Page 3 of 11
Single Family Hom
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewSAI
CHARLES, 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
Page 4 of 11
Single Family Hom
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewSAI
CHARLES, M
Monday February 15, 2010
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
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.
Page 5 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewSAI
CHARLES, M
Monday February 15, 2010
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.
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
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
13.5
Percent Relisted (reset DOM)
1582
2.0
3 %
Median Number of Bathrooms
223
Inventory of Properties Listed
$ 126
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 189,200
39 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
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
32565
1622.0 6
3.0
7
250
3.0 55
151
5
1
8,001 -10,000 sqft
70
$ 164,900
8
15
55
3.0
8,001 -10,000 sqft
12.5
10148,001 -
10,000 sqft
54
$ 125,000
3.0
328
8,001 -10,000 sqft$ 225,000
4.0$ 325,000
5
1760
Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
54
1347
1.0
The median list price in SAINTCHARLES, MO 63301 this week is
$189,200. The 218 properties havebeen on the market for an average of223 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+
==
=
SAINCHARLES, M
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
218
$ 1,295,000
$ 47,900
$ 223,408
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.
Page 7 of 11
Single Family Home
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAI
CHARLES, M
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have beenmixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market ActionIndex as a leading indicator of the trough in the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAI
CHARLES, 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
Page 9 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAI
CHARLES, M
Monday February 15, 2010
Market Action IndexThe SAINT CHARLES, 63301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 13.47. 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.
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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8/14/2019 Real Estate Statistics for St. Charles, MO 63301 Including Real Estate & Housing Statistics
11/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailSAI
CHARLES, M
Monday February 15 2010
Days on MarketThe properties have been on the market for an average of 223 days. Half of the listings have come newly on the market in thepast 133 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