Thursday September 17, 2009

BALLWIN, MO
St. Louis Area Condos - Townhomes - TICs

EXECUTIVE SUMMARY

This Week
Real-Time Market Profile Trend
Median List Price $ 162,400 ==
Asking Price Per Square Foot $ 132 ==
The median list price in BALLWIN, MO this week is $162,400. Average Days on Market (DOM) 200 ≠≠
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 11 %
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 1%
signs for prices. Median House Size (sq ft) 1306
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5
Market Action Strong Buyer's 15.2 ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward ≠≠ Strong downward
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to
= Slight upward ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index 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.

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 $ 599,818 3100 3.0 3.0 42 2 0 273 Most expensive 25% of properties

Upper/Second $ 232,000 1469 2.0 2.5 42 0 4 185 Upper-middle 25% of properties

Lower/Third $ 139,900 1140 2.0 2.0 270 43 1 2 195 Lower-middle 25% of properties

Bottom/Fourt $ 115,000 1009 2.0 2.0 37 43 3 5 147 Least expensive 25% of properties

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