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8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
1/11
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]
HAZELWOOD, M631
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
http://www.stlouisrealestatetoday.com/http://www.stlouisrealestatetoday.com/8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
2/11
Median List Price
Median Lot Size
16.5
Percent Relisted (reset DOM)
1053
1.5
3 %
Median Number of Bathrooms
196
Inventory of Properties Listed
$ 96
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 112,500
32 %
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
11465
1681.5 1
3.0
1
170
3.0 24
185
0
2
0.25 - 0.50acre
83
$ 99,900
1
0
24
2.0
6,501 -8,000 sqft
11.8
9126,501 -
8,000 sqft
24
$ 64,850
3.0
262
8,001 -10,000 sqft$ 119,900
3.0$ 146,950
3
1040
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
24
1052
1.0
The median list price in HAZELWOOD,MO this week is $112,500. The 96
properties have been on the marketfor an average of 196 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+
==
=
HAZELWOOM
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
96
$ 599,000
$ 17,500
$ 113,140
42
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 11
Single Family Home
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
3/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewHAZELWOO
M
Monday February 15, 2010
Median PriceThis week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over thelast several weeks.
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
Page 3 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
4/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewHAZELWOO
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
Page 4 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
5/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewHAZELWOO
M
Monday February 15, 2010
Market Action IndexThe HAZELWOOD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.47. 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 11
Single Family Hom
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
6/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewHAZELWOO
M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 196 days. Half of the listings have come newly on the market in thepast 112 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 6 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
7/11
Median List Price
Median Lot Size
14.5
Percent Relisted (reset DOM)
864
1.0
0 %
Median Number of Bathrooms
141
Inventory of Properties Listed
$ 57
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 49,900
45 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
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
2943
2821.0
2.0
0
133
2.0 3
49
0
0
0.25 - 0.50acre
$ 45,000
0
0
3
1.0
4,501 -6,500 sqft
01.0
7204,501 -
6,500 sqft
3
$ 18,500
2.0
77
6,501 -8,000 sqft$ 49,900
3.0$ 65,950
83
0
864
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
2
864
1.0
The median list price in HAZELWOOD,MO 63135 this week is $49,900. The
11 properties have been on themarket for an average of 141 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+
==
=
HAZELWOOMO 6313
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
11
$ 67,000
$ 17,500
$ 46,664
83
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.
Page 7 of 11
Single Family Home
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
8/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailHAZELWOO
MO 631
Monday February 15, 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 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
Page 8 of 11
Single Family Hom
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
9/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailHAZELWOO
MO 631
Monday February 15, 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
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
10/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailHAZELWOO
MO 631
Monday February 15, 2010
Market Action IndexThe HAZELWOOD, 63135 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.50. 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 11
Single Family Hom
8/14/2019 Real Estate Statistics for Hazelwood, MO 63135 Including Real Estate & Housing Statistics
11/11
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailHAZELWOO
MO 631
Monday February 15 2010
Days on MarketThe properties have been on the market for an average of 141 days. Half of the listings have come newly on the market in thepast 112 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