real estate statistics for o'fallon, mo including real estate & housing statistics
TRANSCRIPT
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8/14/2019 Real Estate Statistics for O'Fallon, 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]
O FALLON, M
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8/14/2019 Real Estate Statistics for O'Fallon, MO Including Real Estate & Housing Statistics
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.
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Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewO FALLON, M
Monday February 15, 2010
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
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewO FALLON, 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
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewO FALLON, M
Monday February 15, 2010
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
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 OverviewO FALLON, M
Monday February 15, 2010
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.
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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8/14/2019 Real Estate Statistics for O'Fallon, MO Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
15.5
Percent Relisted (reset DOM)
1772
2.5
2 %
Median Number of Bathrooms
245
Inventory of Properties Listed
$ 112
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 195,932
44 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
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
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.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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.
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, M6336
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
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
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailO FALLON, M
633
Monday February 15, 2010
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.
90-day Average7-day Average
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.
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 DetailO FALLON, M
633
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
Page 9 of 16
Single Family Hom
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8/14/2019 Real Estate Statistics for O'Fallon, MO Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailO FALLON, M
633
Monday February 15, 2010
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.
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 DetailO FALLON, M
633
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 245 days. Half of the listings have come newly on the market in thepast 147 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
14.2
Percent Relisted (reset DOM)
2225
2.5
6 %
Median Number of Bathrooms
192
Inventory of Properties Listed
$ 111
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 234,900
43 %
4.0
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
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.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
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.
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, M6336
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
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
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13/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailO FALLON, M
633
Monday February 15, 2010
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.
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
age 13 of 16
Single Family Hom
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14/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailO FALLON, M
633
Monday February 15, 2010
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.
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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8/14/2019 Real Estate Statistics for O'Fallon, MO Including Real Estate & Housing Statistics
15/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailO FALLON, M
633
Monday February 15, 2010
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.
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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16/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailO FALLON, M
633
Days on MarketThe properties have been on the market for an average of 192 days. Half of the listings have come newly on the market in thepast 126 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