St.

Louis Area Real Estate

MARKET UPDATE
FENTON, 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

December 28, 2009

· Presented by River City Real Estate

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

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
 City Overview Single Family Homes in

River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |

FENTON, MO

This Week Real-Time Market Profile Trend

The median list price in FENTON, MO Median List Price $ 199,900 ≠≠
this week is $199,900. The 192 Average List Price $ 256,164
properties have been on the market Asking Price Per Square Foot $ 126 ≠≠
for an average of 190 days. Average Days on Market (DoM) 190 ==

Inventory of Properties Listed 192 ≠≠

Most Expensive Listing $ 3,750,000

Inventory has been tightening and Least Expensive Listing $ 49,900

days-on-market increasing recently. Average Age of Listing 8

The Market Action Index has been Percent of Properties with Price Decrease 35 %
basically flat, not providing strong Percent Relisted (reset DOM) 5%
indication for market conditions. Percent Flip (price increased) 2%
Median House Size (sq ft) 1673
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.0

Altos Research Value Statistics

The market has been consistently Market Action Index Strong Buyer's 15.2 ±+
cool for several weeks. Demand 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
level are low relative to the implies a seller's advantage. Below 30, conditions give the advantage to the
available inventory. It's a Buyer's buyer.
market and prices continue to fall.
Look for a persistent shift in Market Trend Key: == Strong upward trend ≠≠ Strong downward trend
Action before prices plateau or begin ±+ No change = Slight upward trend ≠ Slight downward trend
to rise again.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.25 - 0.50
Top/First $ 373,995 2865 acre 4.0 3.5 48 1 1 230 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 246,900 1987 acre 3.0 2.5 48 0 2 209 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 174,900 1441 acre 3.0 2.0 14 48 1 2 180 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 139,900 1112 acre 3.0 2.0 2 48 1 1 141 Least expensive 25% of properties

Page 2 of 6 Monday December 28, 2009

 Single Family Homes in
City Overview
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FENTON, MO

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

7-day Average 90-day Average

Quartile Prices
Price weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market is
trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the
market.

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

Page 3 of 6 Monday December 28, 2009

 Single Family Homes in
City Overview
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FENTON, MO

Price per Square Foot

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
precursor to price and value changes, possibly as inflection points for good investment opportunities.

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

Page 4 of 6 Monday December 28, 2009

 Single Family Homes in
City Overview
River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |
FENTON, MO

Market Action Index

The FENTON market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands
at 15.22. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

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.

Page 5 of 6 Monday December 28, 2009

 Single Family Homes in
City Overview
River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |
FENTON, MO

Days on Market
The properties have been on the market for an average of 190 days. Half of the listings have come newly on the market in the
past 105 or so days.

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.

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

Page 6 of 6 Monday December 28, 2009