real estate statistics for town and country, mo including real estate & housing statistics

8/14/2019 Real Estate Statistics for Town and Country, 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]

TOWN AND COUNTRM

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2/16

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.

Page 2 of 16

Single Family Home


3/16


City OverviewTOWN AN

COUNTRY, M


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

Page 3 of 16

Single Family Hom


4/16



COUNTRY, M


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.


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



COUNTRY, M


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


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


City OverviewTOWN A

COUNTRY, M


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.


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

13.2


4440

4.6

2 %


274


$ 259


1.0 - 2.5 acres


$ 1,120,000

21 %

4.0

Market Action Index



9 %


Strong Buyer's

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ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


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.



13

3889

2.5

The median list price in TOWN ANDCOUNTRY, MO 63131 this week is







No change



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TOWN ANCOUNTRY, M

Neighborhood Detail


Average List Price


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


8/16


Neighborhood DetailTOWN AN

COUNTRY, M


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.


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.


Page 8 of 16

Single Family Hom


9/16



COUNTRY, M


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.




Page 9 of 16

Single Family Hom


10/16



COUNTRY, M


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.


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


Neighborhood DetailTOWN A

COUNTRY, M






Page 11 of 16

Single Family Hom


12/16

Median List Price

Median Lot Size

11.4


4411

4.5

0 %


221


$ 267


1.0 - 2.5 acres


$ 1,025,000

0 %

4.0

Market Action Index



0 %


Strong Buyer's

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+

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+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


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.



3

4004

4.8

The median list price in TOWN ANDCOUNTRY, MO 63141 this week is







No change



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TOWN ANCOUNTRY, M

Neighborhood Detail


Average List Price


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


13/16



COUNTRY, M


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.


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.


age 13 of 16

Single Family Hom


14/16



COUNTRY, M


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.




age 14 of 16

Single Family Hom


15/16



COUNTRY, M


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.


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


Neighborhood DetailTOWN A

COUNTRY, M





Single Family Hom

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