St. Louis Area Real

St.
Louis Area Real

MARKET UPDATE
SAINT CHARLES, MO
· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics
· Report for the week of

September 21, 2009
· Presented by River City Real Estate

River City Real Estate
http://www.RCREonline.com
Toll Free: (866) 456-1862 | www.rcreonline.com
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
City Overview
River City Real Estate, Toll Free: (866) 456-1862 |
SAINT CHARLES,
MO
This Week Real-Time Market Profile Trend

The median list price in SAINT Median List Price $ 238,500 ≠≠
CHARLES, MO this week is $238,500. Average List Price $ 305,939
The 693 properties have been on the Asking Price Per Square Foot $ 127 ≠≠
market for an average of 182 days. Average Days on Market (DoM) 182 ==
Inventory of Properties Listed 693 ==
Most Expensive Listing $ 3,500,000

The Market Action Index has been Least Expensive Listing $ 64,900
trending down lately, while inventory Average Age of Listing 27

and days-on-market are climbing. The Percent of Properties with Price Decrease 48 %
trends imply a weakening market. Percent Relisted (reset DOM) 8%
Percent Flip (price increased) 2%
Median House Size (sq ft) 2025
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 3.0
Supply and Demand

Median Number of Bathrooms 2.5
Altos Research Value Statistics

The market has settled in at a Market Action Strong Buyer's 16.8 ≠≠
relative stasis in inventory and sales 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
conditions. It's a Buyer's market that implies a seller's advantage. Below 30, conditions give the advantage to the
has seen prices trend lower. Expect buyer.
that consistent up trends in demand
will be required before price trends Trend Key: == Strong upward ≠≠ Strong downward
change significantly. ±+ No change = Slight upward ≠ Slight downward trend
Characteristics per Quartile
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 475,000 3160 acre 4.0 3.5 10 173 6 4 271 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 279,900 2410 acre 4.0 2.5 15 173 10 10 184 Upper-middle 25% of properties
8,001 -
Lower/Third $ 215,000 1768 10,000 sqft 3.0 2.5 20 173 8 8 144 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 149,900 1219 10,000 sqft 3.0 2.0 39 174 14 17 129 Least expensive 25% of properties
Thursday September 17, 2009

City Overview
SAINT CHARLES,
MO
Median Price
This week prices in this zip code remained relatively flat. However the recent trends have us pulling back from the market's high
points. Keep an eye on the Market Action Index for a leading indicator of the duration of this down trend.
7-day Average 90-day Average
Quartile Prices
In the quartile market segments, we see the market's recent price weakness almost across the board. Quartile 2 has been
trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trend of the
rest of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom

City Overview
SAINT CHARLES,
MO
Price per Square Foot

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
precursor to price and value changes, possibly as inflection points for good investment opportunities.
Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

City Overview
SAINT CHARLES,
MO
Market Action Index

The SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 16.85. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average Buyers/Sellers
Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. 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 by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (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 the
current rate of sale versus current inventory.
City Overview
SAINT CHARLES,
MO
Days on Market
The properties have been on the market for an average of 182 days. Half of the listings have come newly on the market in the
past 119 or so days.
Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

Neighborhood Detail
SAINT CHARLES,
MO 63302

CHARLES, MO 63302 this week is Average List Price $ 231,114
$225,000. The 7 properties have been Asking Price Per Square Foot $ 134 ==
on the market for an average of 48 Average Days on Market (DoM) 48 ==
days. Inventory of Properties Listed 7 ==
Most Expensive Listing $ 300,000


Supply and Demand


The market has started cooling and Market Action Seller's 31.4 ≠
prices have recently plateaued. The Market Action Index answers the question "How's the Market?" By measuring
Since we're in the Seller's zone, implies a seller's advantage. Below 30, conditions give the advantage to the
watch for changes in MAI. If the MAI buyer.
resumes it's climb, prices will likely
follow suit. If the MAI drops Trend Key: == Strong upward ≠≠ Strong downward
consistently or falls into the Buyer's ±+ No change = Slight upward ≠ Slight downward trend
zone, watch for downward pressure
on prices.
8,001 -
Top/First $ 300,000 2666 10,000 sqft 4.0 3.0 6 1 0 0 91 Most expensive 25% of properties
1.0 - 2.5
Upper/Second $ 279,900 2300 acres 3.5 2.8 18 2 1 0 22 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 212,000 1526 acre 3.0 2.5 32 2 1 1 25 Lower-middle 25% of properties
8,001 -

Neighborhood Detail
SAINT CHARLES,
MO 63302
Median Price
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.
Quartile Prices
In the quartile market segments, we see the upper-half of the market (Quartiles 1 and 2) for this zip code showing price declines
recently while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. These
convergent trends cannot continue indefinitely, so look to the Market Action Index Quartile breakdown to see which group will
change direction.

Neighborhood Detail
SAINT CHARLES,
MO 63302

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.


Neighborhood Detail
SAINT CHARLES,
MO 63302
Market Action Index

The SAINT CHARLES, 63302 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index
stands at 31.43 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current
levels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
Neighborhood Detail
SAINT CHARLES,
MO 63302
Days on Market
past 49 or so days.


Neighborhood Detail
SAINT CHARLES,
MO 63304

The median list price in SAINT Median List Price $ 261,945 ==
$261,945. The 268 properties have Asking Price Per Square Foot $ 129 ≠≠
been on the market for an average of Average Days on Market (DoM) 189 ==
189 days. Inventory of Properties Listed 268 ≠≠

Inventory has been decreasing lately Least Expensive Listing $ 64,900
but the Market Action Index is falling Average Age of Listing 19

also. With days-on-market climbing, Percent of Properties with Price Decrease 50 %
these are relatively negative Percent Relisted (reset DOM) 7%
implications for the market. Percent Flip (price increased) 3%
Supply and Demand


Home sales have been exceeding Market Action Strong Buyer's 16.1 ≠≠
new inventory for several weeks. The Market Action Index answers the question "How's the Market?" By measuring
Since this is a Buyer's market prices implies a seller's advantage. Below 30, conditions give the advantage to the
are not yet moving higher as excess buyer.
inventory is consumed. However,
the as supply and demand trends Trend Key: == Strong upward ≠≠ Strong downward
continue, the market moves into the ±+ No change = Slight upward ≠ Slight downward trend
Seller's zone, and we are likely to
see upward pressure on pricing.
0.50 - 1.0
0.25 - 0.50
0.25 - 0.50
Lower/Third $ 219,900 1914 acre 4.0 2.5 19 67 1 5 151 Lower-middle 25% of properties
8,001 -

Neighborhood Detail
SAINT CHARLES,
MO 63304
Median Price
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a
nice run recently.
Quartile Prices
In the quartile market segments, we see the market's price weakness evident across the board. Quartiles 1, 2, and 1 have been
in price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicator
of the bottom of the market.

Neighborhood Detail
SAINT CHARLES,
MO 63304

This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first
glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.
Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting
more for their money.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Neighborhood Detail
SAINT CHARLES,
MO 63304
Market Action Index

The SAINT CHARLES, 63304 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market
Action Index stands at 16.15. With several months of inventory available at the current sales rate, buyers should find ample
choice.

Neighborhood Detail
SAINT CHARLES,
MO 63304
Days on Market


Neighborhood Detail
SAINT CHARLES,
MO 63303

$244,950. The 224 properties have Asking Price Per Square Foot $ 127 ±+
been on the market for an average of Average Days on Market (DoM) 175 ≠≠
175 days. Inventory of Properties Listed 224 ==

Inventory is up and Market Action is Least Expensive Listing $ 79,900
trending down recently. While days- Average Age of Listing 21

on-market appears to be trending Percent of Properties with Price Decrease 46 %
lower, the overall conditions are Percent Relisted (reset DOM) 8%
weakening a bit. Percent Flip (price increased) 1%
Supply and Demand


The market has been consistently Market Action Strong Buyer's 15.8 ≠≠
cool for several weeks. Demand The Market Action Index answers the question "How's the Market?" By measuring
level are low relative to the implies a seller's advantage. Below 30, conditions give the advantage to the
available inventory. It's a Buyer's buyer.
market and prices continue to fall.
Look for a persistent shift in Market Trend Key: == Strong upward ≠≠ Strong downward
Action before prices plateau or begin ±+ No change = Slight upward ≠ Slight downward trend
to rise again.
0.25 - 0.50
0.25 - 0.50
8,001 -
8,001 -

Neighborhood Detail
SAINT CHARLES,
MO 63303
Median Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that
cycle.
Quartile Prices
In the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices in
the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1
and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

Neighborhood Detail
SAINT CHARLES,
MO 63303

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the
market being priced at a premium. You can investigate this condition in the quartile details.


Neighborhood Detail
SAINT CHARLES,
MO 63303
Market Action Index

choice.

Neighborhood Detail
SAINT CHARLES,
MO 63303
Days on Market
past 98 or so days.


Neighborhood Detail
SAINT CHARLES,
MO 63301

$207,990. The 195 properties have Asking Price Per Square Foot $ 125 ≠≠
been on the market for an average of Average Days on Market (DoM) 185 ==
185 days. Inventory of Properties Listed 195 ==


Median Lot Size 8,001 - 10,000 sqft
Supply and Demand


Home sales have been exceeding Market Action Strong Buyer's 18.7 ≠≠
new inventory for several weeks. The Market Action Index answers the question "How's the Market?" By measuring
However because of excess implies a seller's advantage. Below 30, conditions give the advantage to the
inventory, prices have not yet buyer.
stopped falling. Should the sales
trend continue, expect prices to Trend Key: == Strong upward ≠≠ Strong downward
level off soon and potentially to ±+ No change = Slight upward ≠ Slight downward trend
resume their climb from there.
Watch prices as the market
transitions from a Buyer's market to
a Seller's market.
0.25 - 0.50
8,001 -
Upper/Second $ 249,900 1885 10,000 sqft 3.0 2.5 14 49 4 3 177 Upper-middle 25% of properties
8,001 -
6,501 -

Neighborhood Detail
SAINT CHARLES,
MO 63301
Median Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that
cycle.
Quartile Prices
In the quartile market segments, we see prices with a lack of directional indication in recent weeks. Only Quartile 3 is trending
higher. Look to the Market Action Index for persistent changes (up or down) as a leading indicator for the significant price
changes.

Neighborhood Detail
SAINT CHARLES,
MO 63301

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


Neighborhood Detail
SAINT CHARLES,
MO 63301
Market Action Index

choice.

Neighborhood Detail
SAINT CHARLES,
MO 63301
Days on Market


St. Louis Area Real

Diunggah oleh

Informasi Dokumen

Deskripsi Asli:

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

St. Louis Area Real

Diunggah oleh

Hak Cipta:

Format Tersedia

St.

Louis Area Real

· Current Real Estate Market Conditions for Single Family Homes

· Report for the week of

· Presented by River City Real Estate

This Week Real-Time Market Profile Trend

Inventory of Properties Listed 693 ==

Most Expensive Listing $ 3,500,000

trending down lately, while inventory Average Age of Listing 27

Supply and Demand

Altos Research Value Statistics

Characteristics per Quartile

Thursday September 17, 2009

7-day Average 90-day Average

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

Thursday September 17, 2009

Price per Square Foot

7-day Average 90-day Average

Inventory of Properties Listed for Sale

7-day Average 90-day Average

Thursday September 17, 2009

Market Action Index

90-day Average Buyers/Sellers

Market Action Index per Quartile

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

7-day Average 90-day Average

Days on Market per Quartile

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

Thursday September 17, 2009

This Week Real-Time Market Profile Trend

Most Expensive Listing $ 300,000

trending down lately, while inventory Average Age of Listing 24

Supply and Demand

Altos Research Value Statistics

Characteristics per Quartile

Thursday September 17, 2009

7-day Average 90-day Average

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

Thursday September 17, 2009

Price per Square Foot

7-day Average 90-day Average

Inventory of Properties Listed for Sale

7-day Average 90-day Average

Thursday September 17, 2009

Market Action Index

90-day Average Buyers/Sellers

Market Action Index per Quartile

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

7-day Average 90-day Average

Days on Market per Quartile

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

Thursday September 17, 2009

This Week Real-Time Market Profile Trend

Most Expensive Listing $ 3,500,000

but the Market Action Index is falling Average Age of Listing 19

Supply and Demand

Altos Research Value Statistics

Characteristics per Quartile

Thursday September 17, 2009

7-day Average 90-day Average

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

Thursday September 17, 2009

Price per Square Foot