real estate statistics for o'fallon, mo including real estate & housing statistics

8/14/2019 Real Estate Statistics for O'Fallon, MO Including Real Estate & Housing Statistics

1/16

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]

O FALLON, M

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2/16

Median List Price

Median Lot Size

14.9

Percent Relisted (reset DOM)

2022

2.5

4 %

Median Number of Bathrooms

218

Inventory of Properties Listed

$ 111

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 219,000

43 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %

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

53286

1842.5 5

3.0

15

216

3.0 148

164

19

7

0.25 - 0.50acre

$ 193,950

22

12

149

3.5

8,001 -10,000 sqft

22.5

12608,001 -

10,000 sqft

148

$ 142,500

4.0

310

0.25 - 0.50acre$ 258,450

4.0$ 375,000

9

6

2433

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

148

1684

2.0

The median list price in O FALLON,MO this week is $219,000. The 593

properties have been on the marketfor an average of 218 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+

==

=

O FALLON, M

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

593

$ 2,100,000

$ 54,900

$ 256,291

7

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.

Page 2 of 16

Single Family Home


3/16


City OverviewO FALLON, M


Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

90-day Average7-day Average

Quartile PricesPrice weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the MarketAction Index as a leading indicator of the bottom of the market.

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

Page 3 of 16

Single Family Hom


4/16




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.


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.


Page 4 of 16

Single Family Hom


5/16




Market Action IndexThe O FALLON market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.91. 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


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


6/16




Days on MarketThe properties have been on the market for an average of 218 days. Half of the listings have come newly on the market in thepast 126 or so days.


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.


Page 6 of 16

Single Family Hom


7/16

Median List Price

Median Lot Size

15.5


1772

2.5

2 %


245


$ 112


0.25 - 0.50 acre


$ 195,932

44 %

3.0

Market Action Index



10 %


Strong Buyer's

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


23367

2222.5 8

3.0

11

230

3.0 75

190

6

3

0.25 - 0.50acre

$ 175,000

9

3

75

3.5

8,001 -10,000 sqft

22.5

11618,001 -

10,000 sqft

74

$ 129,000

3.0

338

0.25 - 0.50acre$ 234,950

4.0$ 363,872

4

2038

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.



74

1650

2.0

The median list price in O FALLON,MO 63366 this week is $195,932. The

298 properties have been on themarket for an average of 245 days.






No change



==

=

O FALLON, M6336

Neighborhood Detail


Average List Price


298

$ 2,100,000

$ 54,900

$ 248,442

8

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.

Page 7 of 16

Single Family Home


8/16


Neighborhood DetailO FALLON, M

633


Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.


Quartile PricesIn the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have beenmixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market ActionIndex as a leading indicator of the trough in the market.


Page 8 of 16

Single Family Hom


9/16



633


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.




Page 9 of 16

Single Family Hom


10/16



633


Market Action IndexThe O FALLON, 63366 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.54. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





age 10 of 16

Single Family Hom


11/16



633






Page 11 of 16

Single Family Hom


12/16

Median List Price

Median Lot Size

14.2


2225

2.5

6 %


192


$ 111


0.25 - 0.50 acre


$ 234,900

43 %

4.0

Market Action Index



11 %


Strong Buyer's

==

+

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


23302

1752.5 5

3.0

7

185

3.0 74

120

12

2

0.25 - 0.50acre

$ 210,450

12

8

74

3.5

8,001 -10,000 sqft

22.5

14808,001 -

10,000 sqft

74

$ 159,500

4.0

288

0.25 - 0.50acre$ 269,900

4.0$ 380,000

9

3

2580

Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.



73

1900

2.0

The median list price in O FALLON,MO 63368 this week is $234,900. The

295 properties have been on themarket for an average of 192 days.






No change



==

=

O FALLON, M6336

Neighborhood Detail


Average List Price


295

$ 809,900

$ 99,900

$ 264,219

7

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 12 of 16

Single Family Home


13/16



633


Median PriceIn the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from these levels.


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.


age 13 of 16

Single Family Hom


14/16



633


Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.




age 14 of 16

Single Family Hom


15/16



633


Market Action IndexThe O FALLON, 63368 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.16. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





age 15 of 16

Single Family Hom


16/16



633





Single Family Hom

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