Chesterfield MO Real Estate Trends and Statistics for Zip Code 63017

8/8/2019 Chesterfield MO Real Estate Trends and Statistics for Zip Code 63017

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MARKET UPDATEFinding Homes for You

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofSeptember 13, 2010

· Presented by Finding Homes for YouFinding Homes For You, Inc www.FindingHomesForYou.com - [email protected]

CHESTERFIELD, MO6301

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC



Median List Price

Median Lot Size

11.8

Percent Relisted (reset DOM)

2993

3.5

3 %

Median Number of Bathrooms

166

Inventory of Properties Listed

$ 154

Percent Flip (price increased)

0.50 - 1.0 acre

Median House Size (sq ft)

$ 474,900

55 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %

Percent of Properties with Price Decrease

Strong Buyer's

≠≠

±+

±+

±+

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

0 34507

1243.0 0

4.0

8

156

4.0 122

118

10

5

1.0 - 2.5acres

5

$ 379,900

10

0

122

4.5

0.25 - 0.50acre

73.5

2320 0.25 - 0.50acre

122

$ 289,900

4.0

266

0.50 - 1.0acre$ 589,900

4.0$ 959,900

6

12

3507

Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.

Monday September 13, 2010

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

121

2684

2.5

The median list price inCHESTERFIELD (MO), MO this week is$474,900. The 487 properties havebeen on the market for an average of166 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

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

No change

Strong upward trend Strong downward trendSlight upward trend Slight downward trend±+

== ≠≠

≠=

CHESTERFIELD,City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

487

$ 3,995,000$ 149,900

$ 597,838

6

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

age 2 of 11

Single Family Homes in



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

CHESTERFIELD,


Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.

90-day Average7-day Average

Quartile PricesPrices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a downtrend soon.

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

age 3 of 11





CHESTERFIELD,


Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


age 4 of 11





CHESTERFIELD,


Market Action IndexThe CHESTERFIELD (MO) market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 11.82. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

changes.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage 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 functionof the current rate of sale versus current inventory.

age 5 of 11





CHESTERFIELD,


Days on MarketThe properties have been on the market for an average of 166 days. Half of the listings have come newly on the market in thepast 112 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


age 6 of 11




Median List Price

Median Lot Size

12.0

Percent Relisted (reset DOM)

2609

3.0

4 %

Median Number of Bathrooms

131

Inventory of Properties Listed

$ 141

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 354,500

58 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

Percent of Properties with Price Decrease

Strong Buyer's

≠≠

±+

±+

±+

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

0 43691

1242.8 0

4.0

6

117

4.0 64

108

2

7

0.25 - 0.50acre

5

$ 325,000

6

3

64

3.5

0.25 - 0.50acre

13.0

2056 0.25 - 0.50acre

64

$ 251,250

4.0

177

0.25 - 0.50acre$ 393,450

4.0$ 670,000

0

7

2650

Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.


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

63

2580

2.5

The median list price inCHESTERFIELD (MO), MO 63017 thisweek is $354,500. The 255 propertieshave been on the market for anaverage of 131 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

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

No change

Strong upward trend Strong downward trendSlight upward trend Slight downward trend±+

== ≠≠

≠=

CHESTERFIELD,MO 63017

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

255

$ 3,995,000$ 149,900

$ 460,296

5

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

age 7 of 11




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



Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


age 9 of 11







Market Action IndexThe CHESTERFIELD (MO), 63017 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 12.02. With several months of inventory available at the current sales rate, buyers should find amplechoice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage 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 functionof the current rate of sale versus current inventory.

ge 10 of 11






M d S t b 13 2010

Days on MarketThe properties have been on the market for an average of 131 days. Half of the listings have come newly on the market in thepast 91 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Chesterfield MO Real Estate Trends and Statistics for Zip Code 63017

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