Monday January 17, 2011

Kelsey Cottrell Realty's BALLWIN, MO

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 229,900 ≠≠
Asking Price Per Square Foot $ 121 ≠≠
The median list price in BALLWIN, MO this week is $229,900. Average Days on Market (DOM) 175 ==
Percent of Properties with Price Decrease 52 %
Percent Relisted (reset DOM) 13 %
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 2%
providing strong indication for market conditions. Median House Size (sq ft) 2074
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 14.7 ±+

The market has settled in at a relative stasis in inventory and sales ±+ No change == Strong upward trend ≠≠ Strong downward trend
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before = Slight upward trend ≠ Slight downward trend
price trends change significantly.

Price
Market Action Index The market has been on a downward trend recently and this
week, while essentially flat, doesn't break us out of that cycle.

Price Trends

7-Day Rolling Average 90-Day Rolling Average 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 Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 469,950 3226 acre 4.0 4.0 1 108 4 3 263 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 275,000 2297 acre 4.0 3.0 1 108 10 5 153 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 199,998 1734 acre 3.0 3.0 1 108 7 6 140 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 149,950 1340 acre 3.0 2.0 1 108 10 4 145 Least expensive 25% of properties

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

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