St.

Louis Area Real Estate

MARKET UPDATE
SUNSET HILLS, 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 |

SUNSET HILLS,
MO
This Week Real-Time Market Profile Trend
The median list price in SUNSET Median List Price $ 630,000 ==
HILLS, MO this week is $630,000. The Average List Price $ 585,469
36 properties have been on the Asking Price Per Square Foot $ 166 ±+
market for an average of 273 days. Average Days on Market (DoM) 273 ==

Inventory of Properties Listed 36 ≠≠

Most Expensive Listing $ 1,650,000

Inventory has been decreasing lately Least Expensive Listing $ 100,000

but the Market Action Index is falling Average Age of Listing 38

also. With days-on-market climbing, Percent of Properties with Price Decrease 28 %
these are relatively negative Percent Relisted (reset DOM) 6%
implications for the market. Percent Flip (price increased) 3%
Median House Size (sq ft) 3525
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.5

Altos Research Value Statistics

In terms of supply and demand, the Market Action Index Strong Buyer's 13.2 ≠≠
market is getting cooler - more 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
supply is coming on the market implies a seller's advantage. Below 30, conditions give the advantage to the
relative to the sales demand. buyer.
However, in recent weeks prices
have been moving higher. Since it is Trend Key: == Strong upward trend ≠≠ Strong downward trend
technically a Buyer's market, this ±+ No change = Slight upward trend ≠ Slight downward trend
price trend may be a result of
improved quality (newer, larger
homes) of the homes being listed.
Look at the descriptive statistics

Characteristics per Quartile

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

0.50 - 1.0
Top/First $ 815,700 4654 acre 4.0 4.0 9 0 0 324 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 699,000 3780 acre 4.0 3.5 38 9 0 0 362 Upper-middle 25% of properties

0.50 - 1.0
Lower/Third $ 525,000 3525 acre 3.0 3.5 9 0 1 156 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 199,900 1650 acre 3.0 2.5 9 0 2 251 Least expensive 25% of properties

Page 2 of 6 Monday December 28, 2009

 Single Family Homes in
City Overview
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SUNSET HILLS,
MO

Median Price
Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run
recently.

7-day Average 90-day Average

Quartile Prices
Prices at the high-end (Quartiles 1 and 2) of the market are showing some price strength in recent weeks, while Quartile 4 is
down and Quartile 3 is at a bit of a plateau. Without strong directional indication in pricing, we look at the Market Action Index
for a leading indicator of where prices in general are heading.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday December 28, 2009

 Single Family Homes in
City Overview
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SUNSET HILLS,
MO

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new
homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

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 |
SUNSET HILLS,
MO

Market Action Index

The SUNSET HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 13.19. 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 |
SUNSET HILLS,
MO

Days on Market
The properties have been on the market for an average of 273 days. Half of the listings have come newly on the market in the
past 182 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