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
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8/8/2019 Chesterfield MO Real Estate Trends and Statistics for Zip Code 63017
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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.
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CHESTERFIELD,
Monday September 13, 2010
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
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CHESTERFIELD,
Monday September 13, 2010
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.
90-day Average7-day Average
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.
90-day Average7-day Average
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CHESTERFIELD,
Monday September 13, 2010
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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
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CHESTERFIELD,
Monday September 13, 2010
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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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.
Monday September 13, 2010
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
Single Family Homes in
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Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659Neighborhood Detail
CHESTERFIELD,MO 63017
Monday September 13, 2010
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.
90-day Average7-day Average
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.
90-day Average7-day Average
age 9 of 11
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Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659Neighborhood Detail
CHESTERFIELD,MO 63017
Monday September 13, 2010
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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
Single Family Homes in
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Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659Neighborhood Detail
CHESTERFIELD,MO 63017
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
g 11 f 11
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