Kelsey Cottrell Realty's

MARKET UPDATE
MEHLVILLE, MO 63128

SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com

· 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

February 15, 2010

· Presented by Kevin Cottrell - Office of Chief Economist

Kelsey Cottrell Realty Group
www.kelseycottrell.com - info@kelseycottrell.com
314-779-3690

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

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

MEHLVILLE, MO

This Week Real-Time Market Profile Trend

The median list price in MEHLVILLE, Median List Price $ 221,500 ≠≠
MO this week is $221,500. The 74 Average List Price $ 283,267
properties have been on the market Asking Price Per Square Foot $ 122 ±+
for an average of 126 days. Average Days on Market (DoM) 126 ≠≠

Inventory of Properties Listed 74 ==

Most Expensive Listing $ 899,000

Demand measured by the Market Least Expensive Listing $ 80,000

Action Index is increasing and days- Average Age of Listing 113

on-market is trending downward. Percent of Properties with Price Decrease 39 %
Even as more properties come Percent Relisted (reset DOM) 9%
available, these are positive trends Percent Flip (price increased) 1%
for the market. Median House Size (sq ft) 1895
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 15.4 ==
new inventory for several weeks. 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
However because of excess implies a seller's advantage. Below 30, conditions give the advantage to the
inventory, prices have not yet buyer.
stopped falling. Should the sales
trend continue, expect prices to Trend Key: == Strong upward trend ≠≠ Strong downward trend
level off soon and potentially to ±+ No change = Slight upward trend ≠ Slight downward trend
resume their climb from there.
Watch prices as the market
transitions from a Buyer's market to
a Seller's market.

Characteristics per Quartile

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

0.50 - 1.0
Top/First $ 624,900 3468 acre 4.0 4.0 18 1 5 264 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 252,400 2028 acre 4.0 2.5 42 18 2 9 119 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 184,000 1504 acre 3.0 2.0 255 19 6 5 46 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 124,900 1152 8,000 sqft 3.0 2.0 19 0 2 84 Least expensive 25% of properties

Page 2 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO

Median Price
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high
levels. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average 90-day Average

Quartile Prices
Price weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the Market
Action Index as a leading indicator of the bottom of the market.

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

Page 3 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO

Price per Square Foot

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the
market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO

Market Action Index

The MEHLVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 15.44. 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 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO

Days on Market
The properties have been on the market for an average of 126 days. Half of the listings have come newly on the market in the
past 91 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 11 Monday February 15, 2010

 Neighborhood Detail Single Family Homes in

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

MEHLVILLE, MO
63128
This Week Real-Time Market Profile Trend
The median list price in MEHLVILLE, Median List Price $ 344,900 ==
MO 63128 this week is $344,900. The Average List Price $ 420,028
32 properties have been on the Asking Price Per Square Foot $ 140 ==
market for an average of 193 days. Average Days on Market (DoM) 193 ≠≠

Inventory of Properties Listed 32 ==

Most Expensive Listing $ 899,000

Demand measured by the Market Least Expensive Listing $ 139,900

Action Index is increasing and days- Average Age of Listing 34

on-market is trending downward. Percent of Properties with Price Decrease 38 %
Even as more properties come Percent Relisted (reset DOM) 19 %
available, these are positive trends Percent Flip (price increased) 0%
for the market. Median House Size (sq ft) 2832
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.0

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 15.2 ==
new inventory for several weeks. 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
However because of excess implies a seller's advantage. Below 30, conditions give the advantage to the
inventory, prices have not yet buyer.
stopped falling. Should the sales
trend continue, expect prices to Trend Key: == Strong upward trend ≠≠ Strong downward trend
level off soon and potentially to ±+ No change = Slight upward trend ≠ Slight downward trend
resume their climb from there.
Watch prices as the market
transitions from a Buyer's market to
a Seller's market.

Characteristics per Quartile

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

1.0 - 2.5
Top/First $ 709,500 4164 acres 4.0 4.0 8 0 2 290 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 434,450 2968 acre 4.0 3.5 8 1 3 295 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 257,500 2298 acre 3.5 2.5 34 8 0 6 126 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 185,950 1634 acre 3.0 2.2 8 1 1 60 Least expensive 25% of properties

Page 7 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO
63128

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the
Market Action Index to predict how long this trend will last.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have been
mixed recently, while the rest of the market is trending downward. Look for 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 8 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO
63128

Price per Square Foot

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.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 9 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO
63128

Market Action Index

The MEHLVILLE, 63128 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 15.20. 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, 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
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 10 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
MEHLVILLE, MO
63128

Days on Market
The properties have been on the market for an average of 193 days. Half of the listings have come newly on the market in the
past 119 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 11 of 11 Monday February 15, 2010