Real Estate Statistics for Riverview, MO 63136 Including Real Estate & Housing Statistics

8/14/2019 Real Estate Statistics for Riverview, MO 63136 Including Real Estate & Housing Statistics

1/11

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]

RIVERVIEW, MO 631

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2/11

Median List Price

Median Lot Size

15.1

Percent Relisted (reset DOM)

1061

1.5

1 %

Median Number of Bathrooms

144

Inventory of Properties Listed

$ 60

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 69,900

33 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

7 %

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

6 41210

1341.5

3.0

2

161

3.0 18

128

2

3

6,501 -8,000 sqft

$ 54,950

2

1

19

2.0

6,501 -8,000 sqft

31.5

10146,501 -

8,000 sqft

18

$ 28,000

3.0

151

6,501 -8,000 sqft$ 79,400

3.0$ 111,450

2

1017

The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.

Monday February 15, 2010

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

18

1056

1.0

The median list price in RIVERVIEW,MO this week is $69,900. The 73

properties have been on the marketfor an average of 144 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+

==

=

RIVERVIEW, M

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

73

$ 840,000

$ 12,900

$ 79,603

6

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

Page 2 of 11

Single Family Home


3/11


City OverviewRIVERVIEW, M


Median PriceDespite this week's down tic, price trends have generally been moving up lately.

90-day Average7-day Average

Quartile PricesPrice weakness is evident across the board. Quartiles 1, 3, and 4 have been in price decline in recent weeks, with Quartile 2remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

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

Page 3 of 11

Single Family Hom


4/11




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.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 4 of 11

Single Family Hom


5/11




Market Action IndexThe RIVERVIEW market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.07. 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 11

Single Family Hom


6/11




Days on MarketThe properties have been on the market for an average of 144 days. Half of the listings have come newly on the market in thepast 98 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 11

Single Family Hom


7/11

Median List Price

Median Lot Size

15.6

Percent Relisted (reset DOM)

1040

1.5

2 %

Median Number of Bathrooms

136

Inventory of Properties Listed

$ 63

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 68,950

30 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

7 %

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

6 21189

1321.0

3.0

2

156

3.0 15

120

1

1

6,501 -8,000 sqft

$ 53,000

2

0

15

2.0

6,501 -8,000 sqft

21.5

10406,501 -

8,000 sqft

15

$ 28,000

3.0

136

6,501 -8,000 sqft$ 79,900

3.0$ 113,000

1

1014

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.



15

982

1.0

The median list price in RIVERVIEW,MO 63136 this week is $68,950. The

60 properties have been on themarket for an average of 136 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+

==

=

RIVERVIEW, M6313

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

60

$ 840,000

$ 19,900

$ 82,453

6

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.

Page 7 of 11

Single Family Home


8/11


Neighborhood DetailRIVERVIEW, M

631


Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.


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


Page 8 of 11

Single Family Hom


9/11



631


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 relatively steady around these levels in recent weeks.


Page 9 of 11

Single Family Hom


10/11



631


Market Action IndexThe RIVERVIEW, 63136 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.58. 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, 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 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 10 of 11

Single Family Hom


11/11



631

Monday February 15 2010

Days on MarketThe properties have been on the market for an average of 136 days. Half of the listings have come newly on the market in thepast 102 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 11 of 11

Single Family Hom

Real Estate Statistics for Riverview, MO 63136 Including Real Estate & Housing Statistics

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