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

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

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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 Group www.kelseycottrell.com - [email protected]

MEHLVILLE, MO

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2/21

Median List Price

Median Lot Size

15.4

Percent Relisted (reset DOM)

1895

2.5

1 %

Median Number of Bathrooms

126

Inventory of Properties Listed

$ 122

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 221,500

39 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

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

53468

462.0 255

3.0

6

119

3.0 19

84

2

5

0.50 - 1.0acre

$ 184,000

0

1

19

4.0

0.25 - 0.50acre

92.5

1152 6,501 -8,000 sqft

18

$ 124,900

4.0

264

0.25 - 0.50acre$ 252,400

4.0$ 624,900

42

2

2028

Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.

Monday February 15, 2010

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

18

1504

2.0

The median list price in MEHLVILLE,MO this week is $221,500. The 74properties have been on the marketfor an average of 126 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+

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=

MEHLVILLE, MOCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

74

$ 899,000$ 80,000

$ 283,267

113

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

age 2 of 21

Single Family Homes in


3/21

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

MEHLVILLE, MO


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

90-day Average7-day Average

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

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

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4/21


MEHLVILLE, MO


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


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 4 of 21



5/21


MEHLVILLE, MO


Market Action IndexThe MEHLVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.44. 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.

age 5 of 21



6/21


MEHLVILLE, MO


Days on MarketThe properties have been on the market for an average of 126 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.


age 6 of 21



7/21

Median List Price

Median Lot Size

5.1


1504

1.9

0 %


66


$ 96


8,001 - 10,000 sqft


$ 141,250

50 %

3.0

Market Action Index



0 %


Strong Buyer's

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+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


01960

1031.0

2.0

0

75

3.0 3

16

0

0

8,001 -10,000 sqft

$ 129,900

0

1

3

2.5

4,501 -6,500 sqft

02.0

1699 6,501 -8,000 sqft

3

$ 90,000

3.0

70

8,001 -10,000 sqft$ 179,900

4.0$ 224,900

0

1487

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.



3

1270

1.0

The median list price in MEHLVILLE,MO 63125 this week is $141,250. The12 properties have been on themarket for an average of 66 days.






No change


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MEHLVILLE, MO63125

Neighborhood Detail


Average List Price


12

$ 227,500$ 80,000

$ 152,750

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 7 of 21



8/21

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

MEHLVILLE, MO6312


Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.


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.


age 8 of 21



9/21


MEHLVILLE, MO6312


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.




age 9 of 21



10/21


MEHLVILLE, MO6312


Market Action IndexThe MEHLVILLE, 63125 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 5.10. 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.





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11/21


MEHLVILLE, MO6312






age 11 of 21



12/21

Median List Price

Median Lot Size

15.2


2832

3.0

0 %


193


$ 140


0.25 - 0.50 acre


$ 344,900

38 %

4.0

Market Action Index



19 %


Strong Buyer's

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


24164

1262.5 34

3.0

0

295

3.5 8

60

1

6

1.0 - 2.5acres

$ 257,500

1

0

8

4.0

0.25 - 0.50acre

33.5

1634 0.25 - 0.50acre

8

$ 185,950

4.0

290

0.25 - 0.50acre$ 434,450

4.0$ 709,500

1

2968




8

2298

2.2







No change


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=

MEHLVILLE, MO63128

Neighborhood Detail


Average List Price


32

$ 899,000$ 139,900

$ 420,028

34

Trend Key:


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13/21


MEHLVILLE, MO6312


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


Quartile PricesIn the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have beenmixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market ActionIndex as a leading indicator of the trough in the market.


ge 13 of 21



14/21


MEHLVILLE, MO6312


Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.




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MEHLVILLE, MO6312









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MEHLVILLE, MO6312






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17/21

Median List Price

Median Lot Size

15.7


1610

2.2

3 %


80


$ 117


0.25 - 0.50 acre


$ 179,400

37 %

3.0

Market Action Index



3 %


Strong Buyer's

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


50 32131

882.0 255

2.0

0

40

3.0 8

102

5

2

0.25 - 0.50acre

$ 159,900

0

1

8

2.5

8,001 -10,000 sqft

32.5

1020 0.25 - 0.50acre

7

$ 123,950

3.0

87

0.25 - 0.50acre$ 220,000

4.0$ 259,000

1

1937




7

1376

2.0







No change


==

=

MEHLVILLE, MO63129

Neighborhood Detail


Average List Price


30

$ 320,000$ 119,900

$ 189,596

152

Trend Key:


ge 17 of 21



18/21


MEHLVILLE, MO6312


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


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.


ge 18 of 21



19/21


MEHLVILLE, MO6312


Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. 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 gettingmore for their money.




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MEHLVILLE, MO6312






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

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