Professional Documents
Culture Documents
MARKET UPDATE
SAINT CHARLES, IL
60175
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 924,900 5000 acres 5.0 4.5 8 159 3 6 258 Most expensive 25% of properties
0.50 - 1.0
Upper/Second $ 525,000 3493 acre 4.0 3.5 14 159 2 3 235 Upper-middle 25% of properties
0.50 - 1.0
Lower/Third $ 372,500 2824 acre 4.0 2.5 23 159 9 6 166 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 227,500 1812 10,000 sqft 3.0 2.0 44 160 1 8 193 Least expensive 25% of properties
Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.
Quartile Prices
Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.
Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.
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.
Days on Market
The properties have been on the market for an average of 213 days. Half of the listings have come newly on the market in the
past 126 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 1,099,450 5310 acres 5.0 5.0 6 92 2 4 273 Most expensive 25% of properties
0.50 - 1.0
Upper/Second $ 600,000 3718 acre 4.0 3.5 11 92 0 1 230 Upper-middle 25% of properties
0.50 - 1.0
Lower/Third $ 439,900 3200 acre 4.0 3.5 16 92 4 3 210 Lower-middle 25% of properties
0.50 - 1.0
Bottom/Fourth $ 310,000 2647 acre 4.0 2.5 31 93 3 7 183 Least expensive 25% of properties
Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.
Quartile Prices
In the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices in
the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1
and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
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.
Days on Market
The properties have been on the market for an average of 224 days. Half of the listings have come newly on the market in the
past 140 or so days.