Monday December 28, 2009

St. Louis Area Real BALLWIN, MO 63011

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 262,338 ≠≠
Asking Price Per Square Foot $ 127 ==
The median list price in BALLWIN, MO 63011 this week is $262,338. Average Days on Market (DOM) 187 ==
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 8%
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 3%
are mildly positive indications for the market. Median House Size (sq ft) 2196
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 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.

Price
Market Action Index This week prices in this zip code remained relatively flat.
However the recent trends have us pulling back from the
market's high points. Keep an eye on the Market Action Index for
a leading indicator of the duration of this down trend.

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 $ 514,900 3220 acre 4.0 3.5 39 2 1 156 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 299,900 2582 acre 4.0 3.0 39 0 2 181 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 225,750 1913 acre 4.0 2.5 24 40 1 1 183 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 184,950 1510 acre 3.0 2.0 1 40 1 3 229 Least expensive 25% of properties

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