Monday November 30, 2009

St. Louis Area Real FORISTELL, MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 231,900 ≠≠
Asking Price Per Square Foot $ 125 ≠≠
The median list price in FORISTELL, MO this week is $231,900. Average Days on Market (DOM) 231 ±+
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 3%
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 3%
market. Median House Size (sq ft) 2020
Median Lot Size 2.5 - 5.0 acres
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 10.5 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
= Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch

Price
prices as the market transitions from a Buyer's market to a Seller's
market.

Market Action Index This week prices in this zip code bumped up a bit but the trend
of recent weeks is generally downward. A pickup in demand will
be reflected in the Market Action Index, so watch that chart to
try to identify a trough in the market.

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
2.5 - 5.0
Top/First $ 475,000 2794 acres 3.0 3.5 25 2 1 315 Most expensive 25% of properties

2.5 - 5.0
Upper/Second $ 290,000 2101 acres 3.0 2.5 26 0 2 207 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 211,195 2032 acre 3.0 2.5 26 1 2 264 Lower-middle 25% of properties

1.0 - 2.5
Bottom/Fourth $ 159,950 1404 acres 3.0 2.0 26 0 1 139 Least expensive 25% of properties

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