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    St. Louis Area Real Estate Market Update

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    The median list price in KIRKWOOD, MO this week is $277,450. The 168 properties have been on the market for an average of 187 days. The market has settled in at a relative stasis in inventory and sales conditions.

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    St. Louis Area Real Estate Market Update

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    The median list price in KIRKWOOD, MO this week is $277,450. The 168 properties have been on the market for an average of 187 days. The market has settled in at a relative stasis in inventory and sales conditions.

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    The median list price in KIRKWOOD, MO this week is $277,450. The 168 properties have been on the market for an average of 187 days. The market has settled in at a relative stasis in inventory and sales conditions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views6 pages

    St. Louis Area Real Estate Market Update

    Uploaded by

    api-27591084
    The median list price in KIRKWOOD, MO this week is $277,450. The 168 properties have been on the market for an average of 187 days. The market has settled in at a relative stasis in inventory and sales conditions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    St.

    Louis Area Real Estate


    MARKET UPDATE
    KIRKWOOD, MO

    · Current Real Estate Market Conditions for Single Family Homes


    · Trends in Pricing
    · Current Levels of Supply and Demand
    · Value Metrics

    · Report for the week of


    December 28, 2009

    · Presented by River City Real Estate


    River City Real Estate
    http://www.RCREonline.com
    Toll Free: (866) 456-1862 | www.rcreonline.com

    Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
    City Overview Single Family Homes in

    River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |


    KIRKWOOD, MO

    This Week Real-Time Market Profile Trend


    The median list price in KIRKWOOD, Median List Price $ 277,450 ≠≠
    MO this week is $277,450. The 168 Average List Price $ 343,846
    properties have been on the market Asking Price Per Square Foot $ 158 ≠≠
    for an average of 187 days. Average Days on Market (DoM) 187 ==

    Inventory of Properties Listed 168 ≠≠

    Most Expensive Listing $ 1,049,900


    Inventory has been decreasing lately Least Expensive Listing $ 88,900

    but the Market Action Index is falling Average Age of Listing 10


    also. With days-on-market climbing, Percent of Properties with Price Decrease 52 %
    these are relatively negative Percent Relisted (reset DOM) 5%
    implications for the market. Percent Flip (price increased) 0%
    Median House Size (sq ft) 1858
    Median Lot Size 8,001 - 10,000 sqft
    Median Number of Bedrooms 3.0

    Supply and Demand


    Median Number of Bathrooms 2.0

    Altos Research Value Statistics


    The market has settled in at a Market Action Index Strong Buyer's 14.2 ≠≠
    relative stasis in inventory and sales The Market Action Index answers the question "How's the Market?" By measuring
    the current rate of sale versus the amount of the inventory. Index above 30
    conditions. It's a Buyer's market that implies a seller's advantage. Below 30, conditions give the advantage to the
    has seen prices trend lower. Expect buyer.
    that consistent up trends in demand
    will be required before price trends Trend Key: == Strong upward trend ≠≠ Strong downward trend
    change significantly. ±+ No change = Slight upward trend ≠ Slight downward trend

    Characteristics per Quartile

    Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

    0.25 - 0.50
    Top/First $ 616,450 3052 acre 4.0 3.5 10 42 0 1 228 Most expensive 25% of properties

    0.25 - 0.50
    Upper/Second $ 354,450 2224 acre 3.0 2.5 42 0 3 186 Upper-middle 25% of properties

    8,001 -
    Lower/Third $ 214,950 1392 10,000 sqft 3.0 1.8 42 0 2 166 Lower-middle 25% of properties

    8,001 -
    Bottom/Fourth $ 149,900 1130 10,000 sqft 2.0 1.0 42 0 2 166 Least expensive 25% of properties

    Page 2 of 6 Monday December 28, 2009


    Single Family Homes in
    City Overview
    River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |
    KIRKWOOD, MO

    Median Price
    The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

    7-day Average 90-day Average

    Quartile Prices
    Price weakness is evident across the board. All four quartiles have been in price decline in recent weeks. 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 6 Monday December 28, 2009


    Single Family Homes in
    City Overview
    River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |
    KIRKWOOD, MO

    Price per Square Foot


    The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
    see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
    precursor to price and value changes, possibly as inflection points for good investment opportunities.

    7-day Average 90-day Average

    Inventory of Properties Listed for Sale


    Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
    the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

    7-day Average 90-day Average

    Page 4 of 6 Monday December 28, 2009


    Single Family Homes in
    City Overview
    River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |
    KIRKWOOD, MO

    Market Action Index


    The KIRKWOOD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
    stands at 14.18. With several months of inventory available at the current sales rate, buyers should find ample choice.

    90-day Average Buyers/Sellers Cutoff

    Market Action Index per Quartile


    Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
    inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
    shifts. 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 by
    analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
    zone (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 the
    current rate of sale versus current inventory.

    Page 5 of 6 Monday December 28, 2009


    Single Family Homes in
    City Overview
    River City Real Estate, Toll Free: (866) 456-1862 | www.RCREonline.com |
    KIRKWOOD, MO

    Days on Market
    The properties have been on the market for an average of 187 days. Half of the listings have come newly on the market in the
    past 136 or so days.

    7-day Average 90-day Average

    Days on Market per Quartile


    It 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 6 Monday December 28, 2009

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