Kelsey Cottrell Realty's

MARKET UPDATE
FERGUSON, MO

SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com

· 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

February 15, 2010

· Presented by Kevin Cottrell - Office of Chief Economist

Kelsey Cottrell Realty Group
www.kelseycottrell.com - info@kelseycottrell.com
314-779-3690

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 City Overview Single Family Homes in

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

FERGUSON, MO

This Week Real-Time Market Profile Trend

The median list price in FERGUSON, Median List Price $ 87,250 ==
MO this week is $87,250. The 116 Average List Price $ 93,874
properties have been on the market Asking Price Per Square Foot $ 71 ≠≠
for an average of 169 days. Average Days on Market (DoM) 169 ≠≠

Inventory of Properties Listed 116 ==

Most Expensive Listing $ 529,000

Inventory is up and Market Action is Least Expensive Listing $ 18,500

trending down recently. While days- Average Age of Listing 4

on-market appears to be trending Percent of Properties with Price Decrease 38 %
lower, the overall conditions are Percent Relisted (reset DOM) 13 %
weakening a bit. Percent Flip (price increased) 1%
Median House Size (sq ft) 1224
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 1.5

Altos Research Value Statistics

The market has been consistently Market Action Index Strong Buyer's 15.0 ≠≠
cool for several weeks. Demand 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
level are low relative to the implies a seller's advantage. Below 30, conditions give the advantage to the
available inventory. It's a Buyer's buyer.
market and prices continue to fall.
Look for a persistent shift in Market Trend Key: == Strong upward trend ≠≠ Strong downward trend
Action before prices plateau or begin ±+ No change = Slight upward trend ≠ Slight downward trend
to rise again.

Characteristics per Quartile

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

0.25 - 0.50
Top/First $ 147,500 1774 acre 3.0 2.0 4 29 0 0 202 Most expensive 25% of properties

8,001 -
Upper/Second $ 99,750 1378 10,000 sqft 3.0 1.5 29 2 0 157 Upper-middle 25% of properties

6,501 -
Lower/Third $ 74,900 1000 8,000 sqft 3.0 1.0 29 4 1 206 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 45,000 912 8,000 sqft 2.0 1.0 29 3 2 111 Least expensive 25% of properties

Page 2 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
FERGUSON, MO

Median Price
Despite this week's down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Index
into the Buyer's zone will be a leading indicator of the price strength subsiding.

7-day Average 90-day Average

Quartile Prices
Prices have been trending down almost across the board. It is atypical that Quartile 1 is the one showing strength. Unless we see
persistent strength in the Market Action Index, Quartile 1 will likely resume the trend of the rest of the market.

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

Page 3 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
FERGUSON, MO

Price per Square Foot

This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first
glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.
Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting
more for their money.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
FERGUSON, MO

Market Action Index

The FERGUSON market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 14.99. 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 February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
FERGUSON, MO

Days on Market
The properties have been on the market for an average of 169 days. Half of the listings have come newly on the market in the
past 112 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 February 15, 2010