Thursday September 17, 2009

CHESTERFIELD (MO), MO
St. Louis Area Condos - Townhomes - TICs

EXECUTIVE SUMMARY

This Week
Real-Time Market Profile Trend
Median List Price $ 285,000 ≠≠
Asking Price Per Square Foot $ 152 ≠≠
The median list price in CHESTERFIELD (MO), MO this week is Average Days on Market (DOM) 199 ≠≠
$285,000.
Percent of Properties with Price Decrease 42 %
Percent Relisted (reset DOM) 9%
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall Percent Flip (price increased) 2%
conditions are weakening a bit. Median House Size (sq ft) 1764
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5
Market Action Strong Buyer's 12.0 ≠≠

Supply and Demand

The market has been consistently cool for several weeks. Demand ±+ No change == Strong upward ≠≠ Strong downward
level are low relative to the available inventory. It's a Buyer's
market and prices continue to fall. Look for a persistent shift in
= Slight upward ≠ Slight downward trend
Market Action before prices plateau or begin to rise again.

Price
Market Action Index Again this week in this zip code we see a downward notch for
prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a
persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.

Price Trends

7-Day Rolling Average 90-Day Rolling Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling

Chacteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 597,250 3008 3.0 3.5 62 0 0 301 Most expensive 25% of properties

Upper/Second $ 377,450 2038 3.0 2.5 62 5 1 234 Upper-middle 25% of properties

Lower/Third $ 219,900 1650 2.0 2.5 62 8 1 165 Lower-middle 25% of properties

Bottom/Fourt $ 136,400 1145 2.0 2.0 62 26 5 96 Least expensive 25% of properties

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