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Leslie Ebersole's

MARKET UPDATE
SAINT CHARLES, IL
60175

· 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


July 05, 2010

· Presented by Leslie Ebersole


Baird&Warner
www.leslieebersole.com - leslie.ebersole@bairdwarner.com
(630)945-7935

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview Single Family Homes in

Leslie Ebersole | Baird&Warner | (630)945-7935


SAINT CHARLES, IL

This Week Real-Time Market Profile Trend


The median list price in SAINT Median List Price $ 439,900 ±+
CHARLES, IL this week is $439,900. Average List Price $ 588,627
The 637 properties have been on the Asking Price Per Square Foot $ 149 ±+
market for an average of 213 days. Average Days on Market (DoM) 213 ==

Inventory of Properties Listed 637 ±+

Most Expensive Listing $ 5,995,000


Days-on-market has been trending up Least Expensive Listing $ 95,000

recently but the Market Action Index Average Age of Listing 26


and inventory levels are basically flat Percent of Properties with Price Decrease 49 %
and not providing strong indications Percent Relisted (reset DOM) 11 %
for the market. Percent Flip (price increased) 1%
Median House Size (sq ft) 3126
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 3.0

Altos Research Value Statistics


The market has shown some Market Action Index Strong Buyer's 9.2 ±+
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

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

Page 2 of 11 Monday July 5, 2010


Single Family Homes in
City Overview
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL

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.

7-day Average 90-day Average

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.

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

Page 3 of 11 Monday July 5, 2010


Single Family Homes in
City Overview
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale


Inventory has been relatively steady around these levels in recent weeks.

7-day Average 90-day Average

Page 4 of 11 Monday July 5, 2010


Single Family Homes in
City Overview
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL

Market Action Index


The SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 9.20. 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
changes.

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 11 Monday July 5, 2010


Single Family Homes in
City Overview
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL

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.

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 11 Monday July 5, 2010


Neighborhood Detail Single Family Homes in

Leslie Ebersole | Baird&Warner | (630)945-7935


SAINT CHARLES, IL
60175

This Week Real-Time Market Profile Trend


The median list price in SAINT Median List Price $ 499,900 ±+
CHARLES, IL 60175 this week is Average List Price $ 691,115
$499,900. The 369 properties have Asking Price Per Square Foot $ 152 ±+
been on the market for an average of Average Days on Market (DoM) 224 ==
224 days. Inventory of Properties Listed 369 ==

Most Expensive Listing $ 5,995,000


Inventory and days-on-market are Least Expensive Listing $ 116,900

climbing, while the Market Action Average Age of Listing 18


Index has been flat recently. The Percent of Properties with Price Decrease 47 %
trends point to a weakening market. Percent Relisted (reset DOM) 11 %
Percent Flip (price increased) 2%
Median House Size (sq ft) 3513
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


The market has settled in at a Market Action Index Strong Buyer's 8.6 ±+
relative stasis in inventory and sales 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
conditions. It's a Buyer's market that implies a seller's advantage. Below 30, conditions give the advantage to the
has seen prices trend lower. Expect buyer.
that consistent up trends in demand
will be required before price trends Trend Key: == Strong upward trend ≠≠ Strong downward trend
change significantly. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

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

Page 7 of 11 Monday July 5, 2010


Single Family Homes in
Neighborhood Detail
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL
60175

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.

7-day Average 90-day Average

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.

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

Page 8 of 11 Monday July 5, 2010


Single Family Homes in
Neighborhood Detail
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL
60175

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

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 9 of 11 Monday July 5, 2010


Single Family Homes in
Neighborhood Detail
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL
60175

Market Action Index


The SAINT CHARLES, 60175 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market
Action Index stands at 8.62. 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, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

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 10 of 11 Monday July 5, 2010


Single Family Homes in
Neighborhood Detail
Leslie Ebersole | Baird&Warner | (630)945-7935
SAINT CHARLES, IL
60175

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.

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 11 of 11 Monday July 5, 2010

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