Kelsey Cottrell Realty's

MARKET UPDATE
SAINT LOUIS, MO 63106

SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com

· 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

February 15, 2010

· Presented by Kevin Cottrell - Office of Chief Economist

Kelsey Cottrell Realty Group
www.kelseycottrell.com - info@kelseycottrell.com
314-779-3690

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 City Overview Single Family Homes in

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

SAINT LOUIS,
MO
This Week Real-Time Market Profile Trend
The median list price in SAINT LOUIS, Median List Price $ 119,900 ==
MO this week is $119,900. The 2805 Average List Price $ 155,127
properties have been on the market Asking Price Per Square Foot $ 91 ==
for an average of 209 days. Average Days on Market (DoM) 209 ==

Inventory of Properties Listed 2805 ==

Most Expensive Listing $ 2,599,000

The Market Action Index has been Least Expensive Listing $ 10,100

trending down lately, while inventory Average Age of Listing 23

and days-on-market are climbing. The Percent of Properties with Price Decrease 40 %
trends imply a weakening market. Percent Relisted (reset DOM) 9%
Percent Flip (price increased) 2%
Median House Size (sq ft) 1319
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 1.5

Altos Research Value Statistics

The market has settled in at a Market Action Index Strong Buyer's 17.4 ≠≠
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 trend ≠≠ Strong downward trend
change significantly. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

8,001 -
Top/First $ 259,900 2125 10,000 sqft 3.0 2.5 8 701 88 27 225 Most expensive 25% of properties

4,501 -
Upper/Second $ 149,900 1332 6,500 sqft 3.0 2.0 4 701 88 43 182 Upper-middle 25% of properties

4,501 -
Lower/Third $ 89,900 1092 6,500 sqft 3.0 1.0 3 701 63 39 234 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 39,900 1008 6,500 sqft 2.0 1.0 25 702 54 65 196 Least expensive 25% of properties

Page 2 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO

Median Price
Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.

7-day Average 90-day Average

Quartile Prices
Prices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3
and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a down
trend soon.

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

Page 3 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO

Price per Square Foot

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently
increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action
Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average 90-day Average

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.

7-day Average 90-day Average

Page 4 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO

Market Action Index

The SAINT LOUIS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 17.39. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. 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 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.

Page 5 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO

Days on Market
The properties have been on the market for an average of 209 days. Half of the listings have come newly on the market in the
past 126 or so days.

7-day Average 90-day Average

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.

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

Page 6 of 11 Monday February 15, 2010

 Neighborhood Detail Single Family Homes in

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

SAINT LOUIS,
MO 63106
This Week Real-Time Market Profile Trend
The median list price in SAINT LOUIS, Median List Price $ 125,000 ≠≠
MO 63106 this week is $125,000. The Average List Price $ 109,257
7 properties have been on the market Asking Price Per Square Foot $ 49 ≠≠
for an average of 383 days. Average Days on Market (DoM) 383 ≠≠

Inventory of Properties Listed 7 ==

Most Expensive Listing $ 199,000

With inventory trending up but days- Least Expensive Listing $ 16,900

on-market trending down and the Average Age of Listing

Market Action Index essentially flat Percent of Properties with Price Decrease 14 %
recently, conditions do not seem to Percent Relisted (reset DOM) 0%
have strong up or down pull. Percent Flip (price increased) 0%
Median House Size (sq ft) 1872
Median Lot Size Less than 4,500 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

In terms of supply and demand, the Market Action Index Strong Buyer's 6.3 ±+
market is getting cooler - more 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
supply is coming on the market implies a seller's advantage. Below 30, conditions give the advantage to the
relative to the sales demand. buyer.
However, in recent weeks prices
have been moving higher. Since it is Trend Key: == Strong upward trend ≠≠ Strong downward trend
technically a Buyer's market, this ±+ No change = Slight upward trend ≠ Slight downward trend
price trend may be a result of
improved quality (newer, larger
homes) of the homes being listed.
Look at the descriptive statistics

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

Less than
Top/First $ 199,000 1828 4,500 sqft 3.0 3.0 1 0 0 322 Most expensive 25% of properties

4,501 -
Upper/Second $ 159,450 2272 6,500 sqft 4.0 2.2 2 0 0 536 Upper-middle 25% of properties

Less than
Lower/Third $ 102,500 1882 4,500 sqft 3.0 1.8 2 0 0 290 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 20,950 2094 4,500 sqft 2.0 2.0 2 0 0 354 Least expensive 25% of properties

Page 7 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO 63106

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.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the market without strong directional trend lately. Prices in Quartiles 3 and 4 have
been mixed in recent weeks, while Quartile 2 is up and Quartile 1 is down. Look to the Market Action Index to determine when
we may see a shift in prices from these current levels.

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

Page 8 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO 63106

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.

7-day Average 90-day Average

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.

7-day Average 90-day Average

Page 9 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO 63106

Market Action Index

The SAINT LOUIS, 63106 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 6.28. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

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.

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 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.

Page 10 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
SAINT LOUIS,
MO 63106

Days on Market
The properties have been on the market for an average of 383 days. Half of the listings have come newly on the market in the
past 392 or so days.

7-day Average 90-day Average

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.

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

Page 11 of 11 Monday February 15, 2010