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St. Louis Area Real

MARKET UPDATE

SAINT PETERS, MO

· 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

September 21, 2009

· Presented by River City Real Estate River City Real Estate http://www.RCREonline.com Toll Free: (866) 456-1862 | www.rcreonline.com

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City Overview

River City Real Estate, Toll Free: (866) 456-1862 |

SAINT PETERS, MO

This Week

The median list price in SAINT PETERS, MO this week is $194,900. The 319 properties have been on the market for an average of 163 days.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Trend

Median List Price

$ 194,900

==

Average List Price

$ 233,732

Asking Price Per Square Foot

$ 125

==

Average Days on Market (DoM)

163

==

Inventory of Properties Listed

319

≠≠

Most Expensive Listing

$ 1,600,000

Least Expensive Listing

$ 79,900

Average Age of Listing

26

Percent of Properties with Price Decrease

46

%

Percent Relisted (reset DOM)

11

%

Percent Flip (price increased)

2 %

 

Median House Size (sq ft)

1613

Median Lot Size

8,001 - 10,000 sqft

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.5

Altos Research Value Statistics

Market Action

Strong Buyer's

18.1

==

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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

==

=

Strong upward

Slight upward

≠≠

Strong downward

Slight downward trend

Characteristics per Quartile

Quartile

Top/First

Upper/Second

Lower/Third

Bottom/Fourth

Median Price

$

$

$

$

329,900

230,000

174,450

141,000

Sq. Ft. Lot Size

2594

2000

1417

1144

0.25

0.25

- 0.50

acre

- 0.50

acre

8,001 -

10,000 sqft

8,001 -

10,000 sqft

Beds

Baths

Age

4.0

2.5

10

3.0

2.5

13

3.0

2.5

28

3.0

2.0

33

Inventory

New

Absorbed

DOM

79

2

5

225

80

8

9

178

80

13

12

131

80

11

9

119

Thursday September 17, 2009

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

City Overview

River City Real Estate, Toll Free: (866) 456-1862 |

Median Price

SAINT PETERS, MO

Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

we expect this week's blip to become a downward trend. 7-day Average 90-day Average Quartile Prices
7-day Average 90-day Average
7-day Average
90-day Average

Quartile Prices

In the quartile market segments, we see prices in this zip code without strong directional indication lately. Quartiles 2 and 4 are mixed, while Quartile 3 is up and Quartile 1 is down. Look to persistent shifts in the Market Action Index as a leading indicator for strong moves (up or down) in the market as a whole.

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

Thursday September 17, 2009

City Overview

River City Real Estate, Toll Free: (866) 456-1862 |

Price per Square Foot

SAINT PETERS, MO

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.

as a leading indicator for these trends to flatten or drop. 7-day Average 90-day Average Inventory
7-day Average 90-day Average
7-day Average
90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average
7-day Average
90-day Average

Thursday September 17, 2009

City Overview

River City Real Estate, Toll Free: (866) 456-1862 |

Market Action Index

SAINT PETERS, MO

The SAINT PETERS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.12. With several months of inventory available at the current sales rate, buyers should find ample choice.

at the current sales rate, buyers should find ample choice. 90-day Average Buyers/Sellers Market Action Index
90-day Average Buyers/Sellers
90-day Average
Buyers/Sellers

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
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.

Thursday September 17, 2009

City Overview

River City Real Estate, Toll Free: (866) 456-1862 |

Days on Market

SAINT PETERS, MO

The properties have been on the market for an average of 163 days. Half of the listings have come newly on the market in the past 98 or so days.

have come newly on the market in the past 98 or so days. 7-day Average 90-day
7-day Average 90-day Average
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.

to take longer to sell than those in the lower quartiles. First/Top Second/Upper Third/Lower Fourth/Bottom Thursday
First/Top Second/Upper Third/Lower Fourth/Bottom
First/Top
Second/Upper
Third/Lower
Fourth/Bottom

Thursday September 17, 2009