Finding Homes for You

MARKET UPDATE
KIRKWOOD, MO 63122

· 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

August 23, 2010

· Presented by Finding Homes for You

Finding Homes For You, Inc
www.FindingHomesForYou.com - mark@findinghomesforyou.com
636.386.0659

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 Neighborhood Detail Single Family Homes in

Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659

KIRKWOOD, MO
63122

This Week Real-Time Market Profile Trend

The median list price in KIRKWOOD, Median List Price $ 267,450 ==
MO 63122 this week is $267,450. The Average List Price $ 338,535
228 properties have been on the Asking Price Per Square Foot $ 156 ≠≠
market for an average of 159 days. Average Days on Market (DoM) 159 ==

Inventory of Properties Listed 228 ≠≠

Most Expensive Listing $ 1,995,000

Inventory has been decreasing lately Least Expensive Listing $ 64,900

but the Market Action Index is falling Average Age of Listing 16

also. With days-on-market climbing, Percent of Properties with Price Decrease 55 %
these are relatively negative Percent Relisted (reset DOM) 10 %
implications for the market. Percent Flip (price increased) 3%
Median House Size (sq ft) 1806
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.0

Altos Research Value Statistics

In terms of supply and demand, the Market Action Index Strong Buyer's 12.4 ≠≠
market is getting cooler - more 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
supply is coming on the market implies a seller's advantage. Below 30, conditions give the advantage to the
relative to the sales demand. buyer.
However, in recent weeks prices
have been moving higher. Since it is Trend Key: == Strong upward trend ≠≠ Strong downward trend
technically a Buyer's market, this ±+ No change = Slight upward trend ≠ Slight downward trend
price trend may be a result of
improved quality (newer, larger
homes) of the homes being listed.
Look at the descriptive statistics

Characteristics per Quartile

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

0.25 - 0.50
Top/First $ 549,900 3218 acre 4.0 3.5 16 57 2 1 192 Most expensive 25% of properties

8,001 -
Upper/Second $ 339,900 2215 10,000 sqft 4.0 2.5 16 57 1 0 162 Upper-middle 25% of properties

8,001 -
Lower/Third $ 219,000 1380 10,000 sqft 3.0 2.0 0 57 3 2 129 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 149,900 1085 8,000 sqft 2.0 1.0 0 57 1 4 155 Least expensive 25% of properties

Page 2 of 6 Monday August 23, 2010

 Single Family Homes in
Neighborhood Detail
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KIRKWOOD, MO
63122

Median Price
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up
trend in general over the last several weeks.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the market in this zip code unable to establish a strong directional trend in recent
weeks. Only Quartile 2 is trending higher while Quartiles 1 and 3 are flat. Look to the Market Action Index for persistent changes
(up or down) as a leading indicator for the significant price changes.

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

Page 3 of 6 Monday August 23, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
KIRKWOOD, MO
63122

Price per Square Foot

This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first
glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.
Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting
more for their money.

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 August 23, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
KIRKWOOD, MO
63122

Market Action Index

The KIRKWOOD, 63122 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 12.37. 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 balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 5 of 6 Monday August 23, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
KIRKWOOD, MO
63122

Days on Market
The properties have been on the market for an average of 159 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 6 of 6 Monday August 23, 2010