Real Estate Statistics for Creve Coeur, MO Including Real Estate & Housing Statistics

8/14/2019 Real Estate Statistics for Creve Coeur, MO Including Real Estate & Housing Statistics

1/16

MARKET UPDATEKelsey Cottrell Realty's

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofFebruary 15, 2010

Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Groupwww.kelseycottrell.com - [email protected]

CREVE COEUR, M

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2/16

Median List Price

Median Lot Size

14.5

Percent Relisted (reset DOM)

3279

3.5

1 %

Median Number of Bathrooms

278

Inventory of Properties Listed

$ 183

Percent Flip (price increased)

0.50 - 1.0 acre

Median House Size (sq ft)

$ 570,950

37 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %

Percent of Properties with Price Decrease

Strong Buyer's

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==

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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

34584

2653.0 2

4.0

3

336

4.0 21

199

2

2

1.0 - 2.5acres

$ 495,000

1

0

21

4.5

0.50 - 1.0acre

63.5

19780.25 - 0.50

acre

20

$ 279,900

4.0

314

1.0 - 2.5acres$ 739,450

4.0$ 1,377,000

1

3869

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.

Monday February 15, 2010

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

20

2961

2.5

The median list price in CREVECOEUR, MO this week is $570,950.

The 82 properties have been on themarket for an average of 278 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 trend

Slight upward trend Slight downward trend+

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=

CREVE COEUM

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

82

$ 2,225,000

$ 110,000

$ 753,099

2

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Page 2 of 16

Single Family Home


3/16


City OverviewCREVE COEU

M


Median PriceAgain this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesPrices in most of the market have been trending higher in recent weeks. However the high-end of the market (Quartile 1) isshowing some weakness. If this trend continues, expect downward price pressures on the rest of the market to follow.

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

Page 3 of 16

Single Family Hom


4/16



M


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


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


Page 4 of 16

Single Family Hom


5/16



M


Market Action IndexThe CREVE COEUR market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.52. 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


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.

Page 5 of 16

Single Family Hom


6/16



M


Days on MarketThe properties have been on the market for an average of 278 days. Half of the listings have come newly on the market in thepast 242 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.


Page 6 of 16

Single Family Hom


7/16

Median List Price

Median Lot Size

14.3


3314

3.5

0 %


294


$ 190


0.50 - 1.0 acre


$ 593,000

36 %

4.0

Market Action Index



12 %


Strong Buyer's

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==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


34717

2773.5 2

4.0

4

335

4.0 19

244

1

2

1.0 - 2.5acres

$ 519,000

0

0

20

4.5

0.50 - 1.0acre

63.5

22680.25 - 0.50

acre

19

$ 349,800

4.0

325

1.0 - 2.5acres$ 749,000

4.0$ 1,385,000

1

4000

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.



19

3111

2.5

The median list price in CREVECOEUR, MO 63141 this week is

$593,000. The 77 properties havebeen on the market for an average of294 days.






No change



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=

CREVE COEUMO 631

Neighborhood Detail


Average List Price


77

$ 2,225,000

$ 235,000

$ 789,640

2

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Page 7 of 16

Single Family Home


8/16


9/16


Neighborhood DetailCREVE COEU

MO 63




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.


Page 9 of 16

Single Family Hom


10/16



MO 63


Market Action IndexThe CREVE COEUR, 63141 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.30. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





age 10 of 16

Single Family Hom


11/16



MO 63






Page 11 of 16

Single Family Hom


12/16

Median List Price

Median Lot Size

13.9


1884

2.5

20 %


21


$ 109


0.25 - 0.50 acre


$ 209,000

40 %

3.0

Market Action Index



0 %


Strong Buyer's

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


01935

72.0

3.0

0

70

4.0 1

14

0

0

0.25 - 0.50acre

$ 209,000

0

1

2

3.0

8,001 -10,000 sqft

02.0

15490.25 - 0.50

acre

1

$ 134,950

4.0

1

0.25 - 0.50acre$ 223,000

3.0$ 249,900

0

1884

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.



1

1910

2.5

The median list price in CREVECOEUR, MO 63146 this week is

$209,000. The 5 properties have beenon the market for an average of 21days.






No change



==

=

CREVE COEUMO 6314

Neighborhood Detail


Average List Price


5

$ 249,900

$ 110,000

$ 190,360

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.

age 12 of 16

Single Family Home


13/16



MO 631


Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. Keep an eye on theMarket Action Index for a leading indicator of the duration of this downtrend.


Quartile PricesIn the quartile market segments, we see the market's recent price weakness almost across the board. Quartile 2 has beentrending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trend of therest of the market.


age 13 of 16

Single Family Hom


14/16



MO 631




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


age 14 of 16

Single Family Hom


15/16



MO 631


Market Action IndexThe CREVE COEUR, 63146 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.86. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





age 15 of 16

Single Family Hom


16/16



MO 631





Single Family Hom

Real Estate Statistics for Creve Coeur, MO Including Real Estate & Housing Statistics

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