8/14/2019 Real Estate Statistics for Florissant, MO 63033 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]
FLORISSANT, M630
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2/11
Median List Price
Median Lot Size
15.8
Percent Relisted (reset DOM)
1344
2.0
1 %
Median Number of Bathrooms
229
Inventory of Properties Listed
$ 90
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 119,900
44 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
13 %
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
2 62034
2162.0 2
3.0
18
202
3.0 204
188
22
9
0.25 - 0.50acre
58
$ 109,450
24
22
204
2.5
8,001 -10,000 sqft
82.0
10826,501 -
8,000 sqft
204
$ 79,900
3.0
309
8,001 -10,000 sqft$ 129,900
4.0$ 189,700
2
16
1390
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
204
1135
1.5
The median list price in FLORISSANT,MO this week is $119,900. The 816
properties have been on the marketfor an average of 229 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+
==
=
FLORISSANM
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
816
$ 770,000
$ 20,000
$ 133,123
48
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.
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Single Family Home
8/14/2019 Real Estate Statistics for Florissant, MO 63033 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewFLORISSAN
M
Monday February 15, 2010
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 PricesWhile prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trendinglower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to theMarket 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
8/14/2019 Real Estate Statistics for Florissant, MO 63033 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewFLORISSAN
M
Monday February 15, 2010
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 4 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewFLORISSAN
M
Monday February 15, 2010
Market Action IndexThe FLORISSANT market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.77. 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
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 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
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewFLORISSAN
M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 229 days. Half of the listings have come newly on the market in thepast 147 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
Page 6 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Florissant, MO 63033 Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
16.9
Percent Relisted (reset DOM)
1390
2.0
1 %
Median Number of Bathrooms
209
Inventory of Properties Listed
$ 84
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 116,900
35 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
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
21737
2332.0 2
3.0
6
173
3.0 62
200
2
4
0.25 - 0.50acre
$ 109,900
5
6
62
2.5
8,001 -10,000 sqft
32.0
12098,001 -
10,000 sqft
62
$ 81,900
3.0
229
8,001 -10,000 sqft$ 125,000
3.0$ 152,500
2
5
1391
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
61
1274
2.0
The median list price in FLORISSANT,MO 63033 this week is $116,900. The
247 properties have been on themarket for an average of 209 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+
==
=
FLORISSANMO 6303
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
247
$ 269,900
$ 40,000
$ 118,958
2
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.
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Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailFLORISSAN
MO 630
Monday February 15, 2010
Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailFLORISSAN
MO 630
Monday February 15, 2010
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 9 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Florissant, MO 63033 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailFLORISSAN
MO 630
Monday February 15, 2010
Market Action IndexThe FLORISSANT, 63033 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.89. 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.
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 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
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailFLORISSAN
MO 630
Monday February 15 2010
Days on MarketThe properties have been on the market for an average of 209 days. Half of the listings have come newly on the market in thepast 140 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
Page 11 of 11
Single Family Hom
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