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Monday January 25, 2010

St. Louis Area Real AFFTON, MO


Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 147,700 ≠≠
Asking Price Per Square Foot $ 125 ==
The median list price in AFFTON, MO this week is $147,700. Average Days on Market (DOM) 159 ==
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 4%
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 1%
providing strong indication for market conditions. Median House Size (sq ft) 1164
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 1.5

Supply and Demand Market Action Index Strong Buyer's 14.5 ±+

The market has settled in at a relative stasis in inventory and sales ±+ No change == Strong upward trend ≠≠ Strong downward trend
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before = Slight upward trend ≠ Slight downward trend
price trends change significantly.

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

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

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 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -


where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 187,000 1621 8,000 sqft 3.0 2.0 3 17 0 0 186 Most expensive 25% of properties

6,501 -
Upper/Second $ 159,000 1201 8,000 sqft 3.0 2.0 17 2 0 152 Upper-middle 25% of properties

4,501 -
Lower/Third $ 140,700 1096 6,500 sqft 3.0 1.5 18 0 1 115 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 112,900 980 8,000 sqft 2.0 1.0 18 1 3 183 Least expensive 25% of properties

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