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8/14/2019 Real Estate Statistics for Riverview, MO 63368 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]
RIVERVIEW, M
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SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com
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8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewRIVERVIEW, M
Monday February 15, 2010
Median PriceDespite this week's down tic, price trends have generally been moving up lately.
90-day Average7-day Average
Quartile PricesPrice weakness is evident across the board. Quartiles 1, 3, and 4 have been in price decline in recent weeks, with Quartile 2remaining 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 3 of 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
4/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewRIVERVIEW, M
Monday February 15, 2010
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.
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 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
5/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewRIVERVIEW, M
Monday February 15, 2010
Market Action IndexThe RIVERVIEW market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.07. 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
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewRIVERVIEW, M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 144 days. Half of the listings have come newly on the market in thepast 98 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 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
12.5
Percent Relisted (reset DOM)
1090
1.5
0 %
Median Number of Bathrooms
178
Inventory of Properties Listed
$ 60
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 69,900
46 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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
31339
2661.5
2.5
0
287
3.0 3
46
0
2
0.25 - 0.50acre
$ 65,000
0
2
4
3.0
6,501 -8,000 sqft
01.0
8306,501 -
8,000 sqft
3
$ 31,450
2.0
159
0.25 - 0.50acre$ 78,900
3.0$ 104,900
1
1090
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
3
1788
1.0
The median list price in RIVERVIEW,MO 63137 this week is $69,900. The
13 properties have been on themarket for an average of 178 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+
==
=
RIVERVIEW, M6313
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
13
$ 115,000
$ 12,900
$ 66,446
Trend Key:
Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.
Page 7 of 16
Single Family Home
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
8/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
Monday February 15, 2010
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.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
9/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
Monday February 15, 2010
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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 9 of 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
10/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
Monday February 15, 2010
Market Action IndexThe RIVERVIEW, 63137 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 12.51. 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
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
11/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
63
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 178 days. Half of the listings have come newly on the market in thepast 91 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
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
15.6
Percent Relisted (reset DOM)
1040
1.5
2 %
Median Number of Bathrooms
136
Inventory of Properties Listed
$ 63
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 68,950
30 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
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 21189
1321.0
3.0
2
156
3.0 15
120
1
1
6,501 -8,000 sqft
$ 53,000
2
0
15
2.0
6,501 -8,000 sqft
21.5
10406,501 -
8,000 sqft
15
$ 28,000
3.0
136
6,501 -8,000 sqft$ 79,900
3.0$ 113,000
1
1014
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
15
982
1.0
The median list price in RIVERVIEW,MO 63136 this week is $68,950. The
60 properties have been on themarket for an average of 136 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+
==
=
RIVERVIEW, M6313
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
60
$ 840,000
$ 19,900
$ 82,453
6
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.
age 12 of 16
Single Family Home
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
13/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
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 evident across the board. Quartiles 1, 2, and 1 have beenin price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 13 of 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
14/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
Monday February 15, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
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
age 14 of 16
Single Family Hom
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
15/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
Monday February 15, 2010
Market Action IndexThe RIVERVIEW, 63136 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.58. 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
8/14/2019 Real Estate Statistics for Riverview, MO 63368 Including Real Estate & Housing Statistics
16/16
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailRIVERVIEW, M
631
Days on MarketThe properties have been on the market for an average of 136 days. Half of the listings have come newly on the market in thepast 102 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