Monday November 30, 2009

St. Louis Area Real BALLWIN, MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 268,000 ==
Asking Price Per Square Foot $ 130 ==
The median list price in BALLWIN, MO this week is $268,000. Average Days on Market (DOM) 184 ±+
Percent of Properties with Price Decrease 53 %
Percent Relisted (reset DOM) 10 %
The Market Action Index has been trending down lately, indicating
demand falling along with supply. Conditions point to mildly Percent Flip (price increased) 3%
negative trends for the market. Median House Size (sq ft) 2192
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 15.3 ≠≠

In terms of supply and demand, the market is getting cooler - ±+ No change == Strong upward trend ≠≠ Strong downward trend
more supply is coming on the market relative to the sales
demand. However, in recent weeks prices have been moving
= Slight upward trend ≠ Slight downward trend
higher. Since it is technically a Buyer's market, this price trend

Price
may be a result of improved quality (newer, larger homes) of the
homes being listed. Look at the descriptive statistics where you

Market Action Index While this week the median price in this zip code didn't fluctuate
much, we are relatively close to the market's high-water mark.
Watch for persistent downward shift in the Market Action Index
into the Buyer's zone as a leading indicator of the price strength
subsiding.

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
0.50 - 1.0
Top/First $ 535,000 3372 acre 4.0 3.5 121 10 4 246 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 325,000 2582 acre 4.0 3.0 121 2 5 167 Upper-middle 25% of properties

8,001 -
Lower/Third $ 229,900 1854 10,000 sqft 3.0 2.5 24 121 10 7 153 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 174,900 1424 acre 3.0 2.0 122 8 4 169 Least expensive 25% of properties

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