Kelsey Cottrell Realty's

MARKET UPDATE
CREVE COEUR, MO
63141

SAMPLE REPORT: For current report visit www.stlouisrealestatetoday.com

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of

February 15, 2010

· Presented by Kevin Cottrell - Office of Chief Economist

Kelsey Cottrell Realty Group
www.kelseycottrell.com - info@kelseycottrell.com
314-779-3690

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 City Overview Single Family Homes in

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

CREVE COEUR,
MO
This Week Real-Time Market Profile Trend
The median list price in CREVE Median List Price $ 570,950 ≠≠
COEUR, MO this week is $570,950. Average List Price $ 753,099
The 82 properties have been on the Asking Price Per Square Foot $ 183 ≠≠
market for an average of 278 days. Average Days on Market (DoM) 278 ==

Inventory of Properties Listed 82 ==

Most Expensive Listing $ 2,225,000

Inventory and days-on-market are Least Expensive Listing $ 110,000

both trending higher recently. Average Age of Listing 2

However, the improving Market Percent of Properties with Price Decrease 37 %
Action Index implies some increased Percent Relisted (reset DOM) 11 %
demand will temper the negative Percent Flip (price increased) 1%
trends. Median House Size (sq ft) 3279
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.5

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 14.5 ==
new inventory for several weeks. The Market Action Index answers the question "How's the Market?" By measuring
the current rate of sale versus the amount of the inventory. Index above 30
While still a Buyer's market, prices implies a seller's advantage. Below 30, conditions give the advantage to the
seem to have responded by moving buyer.
upward. If the demand trends
continue, expect prices to keep Trend Key: == Strong upward trend ≠≠ Strong downward trend
marching upward, especially once ±+ No change = Slight upward trend ≠ Slight downward trend
we see a Seller's Market.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

1.0 - 2.5
Top/First $ 1,377,000 4584 acres 4.0 4.5 20 0 3 314 Most expensive 25% of properties

1.0 - 2.5
Upper/Second $ 739,450 3869 acres 4.0 3.5 20 2 6 336 Upper-middle 25% of properties

0.50 - 1.0
Lower/Third $ 495,000 2961 acre 4.0 3.0 2 21 3 2 265 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 279,900 1978 acre 4.0 2.5 21 1 1 199 Least expensive 25% of properties

Page 2 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO

Median Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action
Index is a good leading indicator for the durability of this trend.

7-day Average 90-day Average

Quartile Prices
Prices in most of the market have been trending higher in recent weeks. However the high-end of the market (Quartile 1) is
showing some weakness. If this trend continues, expect downward price pressures on the rest of the market to follow.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO

Price per Square Foot

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO

Market Action Index

The CREVE COEUR market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 14.52. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. 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 by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
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 function of the
current rate of sale versus current inventory.

Page 5 of 11 Monday February 15, 2010

 Single Family Homes in
City Overview
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO

Days on Market
The properties have been on the market for an average of 278 days. Half of the listings have come newly on the market in the
past 242 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It 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 Monday February 15, 2010

 Neighborhood Detail Single Family Homes in

Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

CREVE COEUR,
MO 63141
This Week Real-Time Market Profile Trend
The median list price in CREVE Median List Price $ 593,000 ≠≠
COEUR, MO 63141 this week is Average List Price $ 789,640
$593,000. The 77 properties have Asking Price Per Square Foot $ 190 ≠≠
been on the market for an average of Average Days on Market (DoM) 294 ==
294 days. Inventory of Properties Listed 77 ≠≠

Most Expensive Listing $ 2,225,000

Inventory has been lightening lately Least Expensive Listing $ 235,000

and the Market Action Index has been Average Age of Listing 2
trending up. Though days-on-market Percent of Properties with Price Decrease 36 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 12 %
indications for the market. Percent Flip (price increased) 0%
Median House Size (sq ft) 3314
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.5

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 14.3 ==
new inventory for several weeks. The Market Action Index answers the question "How's the Market?" By measuring
the current rate of sale versus the amount of the inventory. Index above 30
While still a Buyer's market, prices implies a seller's advantage. Below 30, conditions give the advantage to the
seem to have responded by moving buyer.
upward. If the demand trends
continue, expect prices to keep Trend Key: == Strong upward trend ≠≠ Strong downward trend
marching upward, especially once ±+ No change = Slight upward trend ≠ Slight downward trend
we see a Seller's Market.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

1.0 - 2.5
Top/First $ 1,385,000 4717 acres 4.0 4.5 19 0 3 325 Most expensive 25% of properties

1.0 - 2.5
Upper/Second $ 749,000 4000 acres 4.0 3.5 19 1 6 335 Upper-middle 25% of properties

0.50 - 1.0
Lower/Third $ 519,000 3111 acre 4.0 3.5 2 19 4 2 277 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 349,800 2268 acre 4.0 2.5 20 0 1 244 Least expensive 25% of properties

Page 7 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO 63141

Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.

7-day Average 90-day Average

Quartile Prices
Not surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All have
been increasing in price lately. Watch for a persistent decline in the Market Action Index as a leading indicator for the top of the
market.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 8 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO 63141

Price per Square Foot

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 9 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO 63141

Market Action Index

The CREVE COEUR, 63141 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 14.30. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. 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 by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
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 function of the
current rate of sale versus current inventory.

Page 10 of 11 Monday February 15, 2010

 Single Family Homes in
Neighborhood Detail
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
CREVE COEUR,
MO 63141

Days on Market
The properties have been on the market for an average of 294 days. Half of the listings have come newly on the market in the
past 252 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It 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 Monday February 15, 2010