MARKET UPDATE
CREVE COEUR, MO
63146
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City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 1,377,000 4584 acres 4.0 4.5 20 0 3 314 Most expensive 25% of properties
1.0 - 2.5
Upper/Second $ 739,450 3869 acres 4.0 3.5 20 2 6 336 Upper-middle 25% of properties
0.50 - 1.0
Lower/Third $ 495,000 2961 acre 4.0 3.0 2 21 3 2 265 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 279,900 1978 acre 4.0 2.5 21 1 1 199 Least expensive 25% of properties
Median Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action
Index is a good leading indicator for the durability of this trend.
Quartile Prices
Prices in most of the market have been trending higher in recent weeks. However the high-end of the market (Quartile 1) is
showing some weakness. If this trend continues, expect downward price pressures on the rest of the market to follow.
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.
Days on Market
The properties have been on the market for an average of 278 days. Half of the listings have come newly on the market in the
past 242 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 249,900 1935 acre 3.0 3.0 1 1 0 1 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 223,000 1884 acre 4.0 2.0 1 0 0 70 Upper-middle 25% of properties
8,001 -
Lower/Third $ 209,000 1910 10,000 sqft 4.0 2.0 1 0 0 7 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 134,950 1549 acre 3.0 2.5 2 0 0 14 Least expensive 25% of properties
Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. Keep an eye on the
Market Action Index for a leading indicator of the duration of this downtrend.
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.
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.
Days on Market
The properties have been on the market for an average of 21 days. Half of the listings have come newly on the market in the
past 7 or so days.