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8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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MARKET UPDATELeslie Ebersole'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 ofJuly 05, 2010
Presented by Leslie EbersoleBaird&Warnerwww.leslieebersole.com - [email protected](630)945-7935
SAINT CHARLES601
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
City OverviewSAINT CHARLES
Monday July 5, 2010
Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.
90-day Average7-day Average
Quartile PricesPrices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Leslie Ebersole | Baird&Warner | (630)945-7935
City OverviewSAINT CHARLES
Monday July 5, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 11
Single Family Hom
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
City OverviewSAINT CHARLES
Monday July 5, 2010
Market Action IndexThe SAINT CHARLES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 9.20. 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
changes.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (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 functionof the current rate of sale versus current inventory.
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Single Family Hom
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
City OverviewSAINT CHARLES
Monday July 5, 2010
Days on MarketThe properties have been on the market for an average of 213 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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Median List Price
Median Lot Size
8.6
Percent Relisted (reset DOM)
3513
3.5
2 %
Median Number of Bathrooms
224
Inventory of Properties Listed
$ 152
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 499,900
47 %
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
6 45310
2103.5 16
4.0
4
230
4.0 92
183
0
3
1.0 - 2.5acres
31
$ 439,900
3
2
93
5.0
0.50 - 1.0acre
13.5
26470.50 - 1.0
acre
92
$ 310,000
4.0
273
0.50 - 1.0acre$ 600,000
5.0$ 1,099,450
11
7
3718
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday July 5, 2010
Leslie Ebersole | Baird&Warner | (630)945-7935
92
3200
2.5
The median list price in SAINTCHARLES, IL 60175 this week is
$499,900. The 369 properties havebeen on the market for an average of224 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+
==
=
SAINT CHARLES60
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
369
$ 5,995,000
$ 116,900
$ 691,115
18
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.
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Single Family Home
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
Neighborhood DetailSAINT CHARLES
60
Monday July 5, 2010
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices inthe upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
Neighborhood DetailSAINT CHARLES
60
Monday July 5, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
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 11
Single Family Hom
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
Neighborhood DetailSAINT CHARLES
60
Monday July 5, 2010
Market Action IndexThe SAINT CHARLES, 60175 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 8.62. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (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 functionof the current rate of sale versus current inventory.
age 10 of 11
Single Family Hom
8/9/2019 Jul 05 Market Update Saint Charles IL 60175 SF
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Leslie Ebersole | Baird&Warner | (630)945-7935
Neighborhood DetailSAINT CHARLES
60
Monday July 5 2010
Days on MarketThe properties have been on the market for an average of 224 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
Page 11 of 11
Single Family Hom
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