Real Estate Statistics for Hazelwood, MO Including Real Estate & Housing Statistics

8/14/2019 Real Estate Statistics for Hazelwood, 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]

HAZELWOOD, M

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2/16

Median List Price

Median Lot Size

16.5

Percent Relisted (reset DOM)

1053

1.5

3 %

Median Number of Bathrooms

196

Inventory of Properties Listed

$ 96

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 112,500

32 %

3.0

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

11465

1681.5 1

3.0

1

170

3.0 24

185

0

2

0.25 - 0.50acre

83

$ 99,900

1

0

24

2.0

6,501 -8,000 sqft

11.8

9126,501 -

8,000 sqft

24

$ 64,850

3.0

262

8,001 -10,000 sqft$ 119,900

3.0$ 146,950

3

1040

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

24

1052

1.0

The median list price in HAZELWOOD,MO this week is $112,500. The 96

properties have been on the marketfor an average of 196 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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=

HAZELWOOM

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

96

$ 599,000

$ 17,500

$ 113,140

42

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.

Page 2 of 16

Single Family Home


3/16


City OverviewHAZELWOO

M


Median PriceThis week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over thelast several weeks.

90-day Average7-day Average

Quartile PricesPrices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.

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

Page 3 of 16

Single Family Hom


4/16



M


Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


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 HAZELWOOD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.47. 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 196 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.


Page 6 of 16

Single Family Hom


7/16

Median List Price

Median Lot Size

14.5


864

1.0

0 %


141


$ 57


4,501 - 6,500 sqft


$ 49,900

45 %

2.0

Market Action Index



0 %


Strong Buyer's

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+

+

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


2943

2821.0

2.0

0

133

2.0 3

49

0

0

0.25 - 0.50acre

$ 45,000

0

0

3

1.0

4,501 -6,500 sqft

01.0

7204,501 -

6,500 sqft

3

$ 18,500

2.0

77

6,501 -8,000 sqft$ 49,900

3.0$ 65,950

83

0

864

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



2

864

1.0

The median list price in HAZELWOOD,MO 63135 this week is $49,900. The

11 properties have been on themarket for an average of 141 days.






No change



==

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HAZELWOOMO 6313

Neighborhood Detail


Average List Price


11

$ 67,000

$ 17,500

$ 46,664

83

Trend Key:

The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.

Page 7 of 16

Single Family Home


8/16


Neighborhood DetailHAZELWOO

MO 631


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


Page 8 of 16

Single Family Hom


9/16



MO 631


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.




Page 9 of 16

Single Family Hom


10/16



MO 631


Market Action IndexThe HAZELWOOD, 63135 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.50. 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 631






Page 11 of 16

Single Family Hom


12/16

Median List Price

Median Lot Size

16.0


1160

2.0

4 %


204


$ 101


8,001 - 10,000 sqft


$ 115,000

31 %

3.0

Market Action Index



13 %


Strong Buyer's

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+

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+

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


01465

1301.5 1

3.0

0

182

3.0 21

217

0

1

0.25 - 0.50acre

$ 109,900

2

0

22

2.0

6,501 -8,000 sqft

22.0

9608,001 -

10,000 sqft

21

$ 78,450

3.0

285

6,501 -8,000 sqft$ 124,000

3.0$ 154,900

2

1108

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.



21

1046

1.0

The median list price in HAZELWOOD,MO 63042 this week is $115,000. The

85 properties have been on themarket for an average of 204 days.






No change



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HAZELWOOMO 6304

Neighborhood Detail


Average List Price


85

$ 599,000

$ 54,000

$ 121,743

1

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 12 of 16

Single Family Home


13/16



MO 630


Median PriceWe continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enoughto change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see pricessignificantly deviate from these levels.


Quartile PricesIn the quartile market segments, we see prices in this zip code have not established strong directional correlation across thequartiles. Quartiles 1 and 4 have been in price decline in recent weeks, with Quartiles 2 and 3 remaining basically flat. Look tothe Market Action Index as a leading indicator of the bottom of the market.


age 13 of 16

Single Family Hom


14/16



MO 630


Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.




age 14 of 16

Single Family Hom


15/16



MO 630


Market Action IndexThe HAZELWOOD, 63042 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.04. 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 630





Single Family Hom

Real Estate Statistics for Hazelwood, MO Including Real Estate & Housing Statistics

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