8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
1/21
MARKET UPDATEKelsey Cottrell Realty's
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand Value Metrics
Report for the week ofFebruary 15, 2010
Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Group www.kelseycottrell.com - [email protected]
CHESTERFIELD, MO
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
http://www.stlouisrealestatetoday.com/http://www.stlouisrealestatetoday.com/8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
2/21
Median List Price
Median Lot Size
15.3
Percent Relisted (reset DOM)
3160
3.5
7 %
Median Number of Bathrooms
234
Inventory of Properties Listed
$ 158
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 532,495
39 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
20 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
1 14768
2223.5 2
4.0
14
221
4.0 92
178
2
5
1.0 - 2.5acres
32
$ 425,000
14
0
92
4.5
0.25 - 0.50acre
34.0
2158 0.25 - 0.50acre
92
$ 286,950
4.0
314
0.50 - 1.0acre$ 647,400
4.0$ 1,107,200
11
3697
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
92
2864
2.5
The median list price inCHESTERFIELD (MO), MO this week is$532,495. The 368 properties havebeen on the market for an average of234 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
CHESTERFIELD, MO
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
368
$ 4,500,000$ 145,000
$ 670,578
19
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
age 2 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
3/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
CHESTERFIELD, M
Monday February 15, 2010
Median PriceAgain this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.
90-day Average7-day Average
Quartile PricesMost of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market isstill on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-locationvariables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 3 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
4/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
CHESTERFIELD, M
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 4 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
5/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
CHESTERFIELD, M
Monday February 15, 2010
Market Action IndexThe CHESTERFIELD (MO) market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.33. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
age 5 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
6/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690City Overview
CHESTERFIELD, M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 234 days. Half of the listings have come newly on the market in thepast 164 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
age 6 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
7/21
Median List Price
Median Lot Size
16.7
Percent Relisted (reset DOM)
2747
3.0
5 %
Median Number of Bathrooms
205
Inventory of Properties Listed
$ 144
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 369,900
42 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
17 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
34262
1542.5
4.0
3
204
4.0 40
207
7
3
0.50 - 1.0acre
32
$ 337,500
9
0
40
4.2
0.25 - 0.50acre
13.5
2087 0.25 - 0.50acre
40
$ 269,450
4.0
256
0.25 - 0.50acre$ 462,400
4.0$ 795,000
6
2976
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
39
2560
2.5
The median list price inCHESTERFIELD (MO), MO 63017 thisweek is $369,900. The 159 propertieshave been on the market for anaverage of 205 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
CHESTERFIELD, MO 63017
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
159
$ 4,500,000$ 169,800
$ 533,582
32
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
age 7 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
8/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63017
Monday February 15, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code not showing any strong directional trend. Quartiles 1 and 4 aredown, Quartile 2 is at a plateau, while Quartile 3 is up in the last few weeks. We'll need to see strong, persistent shifts (up ordown) in the Market Action Index before being able to determine where this market is heading.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 8 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
9/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63017
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
age 9 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
10/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63017
Monday February 15, 2010
Market Action IndexThe CHESTERFIELD (MO), 63017 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 16.67. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
ge 10 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
11/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63017
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 205 days. Half of the listings have come newly on the market in thepast 140 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
age 11 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
12/21
Median List Price
Median Lot Size
10.0
Percent Relisted (reset DOM)
1666
2.0
0 %
Median Number of Bathrooms
76
Inventory of Properties Listed
$ 117
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 199,900
40 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
02064
462.0
3.0
1
121
3.0 4
60
0
1
6,501 -8,000 sqft
33
$ 192,450
2
0
4
2.0
0.25 - 0.50acre
02.5
1673 0.25 - 0.50acre
4
$ 158,450
4.0
79
0.25 - 0.50acre$ 209,200
2.0$ 279,900
1
1912
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
3
1463
2.0
The median list price inCHESTERFIELD (MO), MO 63146 thisweek is $199,900. The 15 propertieshave been on the market for anaverage of 76 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
CHESTERFIELD, MO 63146
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
15
$ 319,900$ 145,000
$ 208,640
33
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
ge 12 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
13/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63146
Monday February 15, 2010
Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
ge 13 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
14/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63146
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
ge 14 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
15/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63146
Monday February 15, 2010
Market Action IndexThe CHESTERFIELD (MO), 63146 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 10.04. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
ge 15 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
16/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63146
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 76 days. Half of the listings have come newly on the market in thepast 84 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
ge 16 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
17/21
Median List Price
Median Lot Size
13.4
Percent Relisted (reset DOM)
3648
4.0
10 %
Median Number of Bathrooms
270
Inventory of Properties Listed
$ 174
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 682,400
37 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
24 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
1 04826
2024.2
4.0
2
316
4.0 49
250
0
3
1.0 - 2.5acres
8
$ 575,000
6
0
49
4.5
0.50 - 1.0acre
04.2
2850 0.50 - 1.0acre
48
$ 425,000
4.0
313
1.0 - 2.5acres$ 799,950
4.0$ 1,274,500
2
4028
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
48
3377
3.0
The median list price inCHESTERFIELD (MO), MO 63005 thisweek is $682,400. The 194 propertieshave been on the market for anaverage of 270 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trendSlight upward trend Slight downward trend+
==
=
CHESTERFIELD, MO 63005
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
194
$ 3,499,000$ 255,000
$ 818,575
6
Trend Key:
Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.
ge 17 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
18/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63005
Monday February 15, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see most of the market for this zip code showing price weakness lately. Notice however,that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand hasfallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest pricehomes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
ge 18 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
19/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63005
Monday February 15, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
ge 19 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
20/21
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690Neighborhood Detail
CHESTERFIELD, MO 63005
Monday February 15, 2010
Market Action IndexThe CHESTERFIELD (MO), 63005 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 13.44. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
e 20 of 21
Single Family Homes in
8/14/2019 Real Estate Statistics for Chesterfield, MO Including Real Estate & Housing Statistics
21/21