Download - Real Estate Statistics for Town and Country, MO Including Real Estate & Housing Statistics
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8/14/2019 Real Estate Statistics for Town and Country, MO Including Real Estate & Housing Statistics
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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 Groupwww.kelseycottrell.com - [email protected]
TOWN AND COUNTRM
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8/14/2019 Real Estate Statistics for Town and Country, MO Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
13.6
Percent Relisted (reset DOM)
4426
4.5
1 %
Median Number of Bathrooms
263
Inventory of Properties Listed
$ 263
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 1,059,500
16 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
Percent of Properties with Price Decrease
Strong Buyer's
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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
16325
2714.5 1
4.0
4
334
4.0 17
217
3
1
1.0 - 2.5acres
$ 840,000
2
5
17
7.0
1.0 - 2.5acres
05.5
26061.0 - 2.5
acres
17
$ 498,900
4.0
229
1.0 - 2.5acres$ 1,449,000
5.0$ 2,435,000
0
4506
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
17
3735
2.5
The median list price in TOWN ANDCOUNTRY, MO this week is
$1,059,500. The 68 properties havebeen on the market for an average of263 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 trend
Slight upward trend Slight downward trend+
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TOWN ANCOUNTRY, M
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
68
$ 8,700,000
$ 398,000
$ 1,402,012
1
Trend Key:
Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.
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Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewTOWN AN
COUNTRY, M
Monday February 15, 2010
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
90-day Average7-day Average
Quartile PricesNot surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All havebeen increasing in price lately.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewTOWN AN
COUNTRY, M
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
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
Page 4 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewTOWN AN
COUNTRY, M
Monday February 15, 2010
Market Action IndexThe TOWN AND COUNTRY market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.61. 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.
Page 5 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewTOWN A
COUNTRY, M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 263 days. Half of the listings have come newly on the market in thepast 259 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
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Single Family Hom
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Median List Price
Median Lot Size
13.2
Percent Relisted (reset DOM)
4440
4.6
2 %
Median Number of Bathrooms
274
Inventory of Properties Listed
$ 259
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 1,120,000
21 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
==
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==
==
==
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
16296
3034.0 1
4.0
1
321
4.0 13
241
1
1
1.0 - 2.5acres
$ 799,900
2
4
14
7.0
1.0 - 2.5acres
05.5
24961.0 - 2.5
acres
13
$ 482,500
4.0
234
1.0 - 2.5acres$ 1,575,000
5.0$ 2,375,000
0
4603
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
13
3889
2.5
The median list price in TOWN ANDCOUNTRY, MO 63131 this week is
$1,120,000. The 53 properties havebeen on the market for an average of274 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 trend
Slight upward trend Slight downward trend+
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=
TOWN ANCOUNTRY, M
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
53
$ 8,700,000
$ 398,000
$ 1,420,305
1
Trend Key:
Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.
Page 7 of 16
Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN AN
COUNTRY, M
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesNot surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All havebeen increasing in price lately. Watch for a persistent decline in the Market Action Index as a leading indicator for the top of themarket.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN AN
COUNTRY, M
Monday February 15, 2010
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
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
Page 9 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN AN
COUNTRY, M
Monday February 15, 2010
Market Action IndexThe TOWN AND COUNTRY, 63131 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 13.18. 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.
age 10 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN A
COUNTRY, M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 274 days. Half of the listings have come newly on the market in thepast 252 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
Page 11 of 16
Single Family Hom
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Median List Price
Median Lot Size
11.4
Percent Relisted (reset DOM)
4411
4.5
0 %
Median Number of Bathrooms
221
Inventory of Properties Listed
$ 267
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 1,025,000
0 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
Percent of Properties with Price Decrease
Strong Buyer's
==
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+
==
+
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
07568
2484.5
4.0
2
174
4.0 4
198
3
0
1.0 - 2.5acres
$ 997,450
0
1
4
7.0
1.0 - 2.5acres
04.6
31341.0 - 2.5
acres
4
$ 602,400
4.5
280
1.0 - 2.5acres$ 1,287,500
5.0$ 2,590,000
0
4682
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
3
4004
4.8
The median list price in TOWN ANDCOUNTRY, MO 63141 this week is
$1,025,000. The 15 properties havebeen on the market for an average of221 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 trend
Slight upward trend Slight downward trend+
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TOWN ANCOUNTRY, M
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
15
$ 2,795,000
$ 559,000
$ 1,337,380
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
age 12 of 16
Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN AN
COUNTRY, M
Monday February 15, 2010
Median PricePrice trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen anice run recently.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in most of this zip code trending higher in recent weeks but the high-end of themarket (Quartile 1) is essentially flat. Look to the Market Action Index Quartile breakdown to see a leading indicator for eachquartile.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 13 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN AN
COUNTRY, M
Monday February 15, 2010
Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 14 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN AN
COUNTRY, M
Monday February 15, 2010
Market Action IndexThe TOWN AND COUNTRY, 63141 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 11.40. 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.
age 15 of 16
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailTOWN A
COUNTRY, M
Days on MarketThe properties have been on the market for an average of 221 days. Half of the listings have come newly on the market in thepast 273 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
Single Family Hom