Kelsey Cottrell Realty's

MARKET UPDATE
RIVERVIEW, MO 63136

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

RIVERVIEW, MO

This Week Real-Time Market Profile Trend

The median list price in RIVERVIEW, Median List Price $ 69,900 ==
MO this week is $69,900. The 73 Average List Price $ 79,603
properties have been on the market Asking Price Per Square Foot $ 60 ==
for an average of 144 days. Average Days on Market (DoM) 144 ≠≠

Inventory of Properties Listed 73 ±+

Most Expensive Listing $ 840,000

The Market Action Index has been Least Expensive Listing $ 12,900

climbing lately while days-on-market Average Age of Listing 6

are trending down, these point to a Percent of Properties with Price Decrease 33 %
positive near-term outlook for the Percent Relisted (reset DOM) 7%
market. Percent Flip (price increased) 1%
Median House Size (sq ft) 1061
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 1.5

Altos Research Value Statistics

The Market Action Index has been Market Action Index Strong Buyer's 15.1 ==
trending lower for several weeks 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
while prices have remained implies a seller's advantage. Below 30, conditions give the advantage to the
relatively stable. If inventory buyer.
continues to grow relative to
demand however, it is likely that we Trend Key: == Strong upward trend ≠≠ Strong downward trend
will see downward pressure on ±+ No change = Slight upward trend ≠ Slight downward trend
pricing.

Characteristics per Quartile

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

6,501 -
Top/First $ 111,450 1210 8,000 sqft 3.0 2.0 6 18 1 4 151 Most expensive 25% of properties

6,501 -
Upper/Second $ 79,400 1017 8,000 sqft 3.0 1.5 18 2 3 161 Upper-middle 25% of properties

6,501 -
Lower/Third $ 54,950 1056 8,000 sqft 3.0 1.5 18 2 3 134 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 28,000 1014 8,000 sqft 3.0 1.0 19 2 2 128 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
RIVERVIEW, MO

Median Price
Despite this week's down tic, price trends have generally been moving up lately.

7-day Average 90-day Average

Quartile Prices
Price weakness is evident across the board. Quartiles 1, 3, and 4 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.

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
RIVERVIEW, 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 relatively steady around these levels in recent weeks.

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
RIVERVIEW, MO

Market Action Index

The RIVERVIEW market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 15.07. 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
RIVERVIEW, MO

Days on Market
The properties have been on the market for an average of 144 days. Half of the listings have come newly on the market in the
past 98 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

RIVERVIEW, MO
63136
This Week Real-Time Market Profile Trend
The median list price in RIVERVIEW, Median List Price $ 68,950 ≠≠
MO 63136 this week is $68,950. The Average List Price $ 82,453
60 properties have been on the Asking Price Per Square Foot $ 63 ±+
market for an average of 136 days. Average Days on Market (DoM) 136 ==

Inventory of Properties Listed 60 ±+

Most Expensive Listing $ 840,000

Even though the days-on-market is Least Expensive Listing $ 19,900

trending higher, so is the Market Average Age of Listing 6

Action Index at these inventory Percent of Properties with Price Decrease 30 %
levels, providing a neutral outlook for Percent Relisted (reset DOM) 7%
the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 1040
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 1.5

Altos Research Value Statistics

The market has been consistently Market Action Index Strong Buyer's 15.6 ==
cool for several weeks. Demand 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
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 trend ≠≠ Strong downward trend
Action before prices plateau or begin ±+ No change = Slight upward trend ≠ Slight downward trend
to rise again.

Characteristics per Quartile

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

6,501 -
Top/First $ 113,000 1189 8,000 sqft 3.0 2.0 6 15 0 2 136 Most expensive 25% of properties

6,501 -
Upper/Second $ 79,900 1014 8,000 sqft 3.0 1.5 15 1 2 156 Upper-middle 25% of properties

6,501 -
Lower/Third $ 53,000 982 8,000 sqft 3.0 1.0 15 2 1 132 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 28,000 1040 8,000 sqft 3.0 1.0 15 2 1 120 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
RIVERVIEW, MO
63136

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.

7-day Average 90-day Average

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.

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
RIVERVIEW, MO
63136

Price per Square Foot

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.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

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
RIVERVIEW, MO
63136

Market Action Index

The RIVERVIEW, 63136 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 15.58. 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
RIVERVIEW, MO
63136

Days on Market
The properties have been on the market for an average of 136 days. Half of the listings have come newly on the market in the
past 102 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