Finding Homes for You

MARKET UPDATE
KIRKWOOD, MO 63122

· 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

September 13, 2010

· Presented by Finding Homes for You

Finding Homes For You, Inc
www.FindingHomesForYou.com - mark@findinghomesforyou.com
636.386.0659

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 Neighborhood Detail Single Family Homes in

Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659

KIRKWOOD, MO
63122

This Week Real-Time Market Profile Trend

The median list price in KIRKWOOD, Median List Price $ 289,000 ±+
MO 63122 this week is $289,000. The Average List Price $ 356,545
223 properties have been on the Asking Price Per Square Foot $ 158 ±+
market for an average of 163 days. Average Days on Market (DoM) 163 ±+

Inventory of Properties Listed 223 ≠≠

Most Expensive Listing $ 1,995,000

Inventory has been lightening lately Least Expensive Listing $ 51,900

and the Market Action Index has been Average Age of Listing 16
trending up. These are mildly positive Percent of Properties with Price Decrease 63 %
indications for the market. Percent Relisted (reset DOM) 11 %
Percent Flip (price increased) 3%
Median House Size (sq ft) 1904
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.0

Altos Research Value Statistics

The Market Action Index has been Market Action Index Strong Buyer's 12.4 ==
trending lower 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 prices have remained implies a seller's advantage. Below 30, conditions give the advantage to the
relatively stable. If inventory buyer.
continues to grow relative to
demand however, it is likely that we Trend Key: == Strong upward trend ≠≠ Strong downward trend
will see downward pressure on ±+ No change = Slight upward trend ≠ Slight downward trend
pricing.

Characteristics per Quartile

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

0.25 - 0.50
Top/First $ 579,000 3220 acre 4.0 3.5 16 55 5 0 181 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 386,950 2346 acre 4.0 2.5 0 56 2 3 184 Upper-middle 25% of properties

8,001 -
Lower/Third $ 231,150 1510 10,000 sqft 3.0 2.0 16 56 5 5 120 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 147,400 1070 8,000 sqft 2.0 1.0 0 56 3 4 168 Least expensive 25% of properties

Page 2 of 6 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
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KIRKWOOD, MO
63122

Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.
Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the high-end (Quartiles 1 and 2) of the market in this zip code showing some price
strength in recent weeks, while Quartile 4 is down and Quartile 3 is at a bit of a plateau. Without strong directional indication in
pricing, we look at the Market Action Index for a leading indicator of where prices in general are heading.

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

Page 3 of 6 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
KIRKWOOD, MO
63122

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

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 4 of 6 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
KIRKWOOD, MO
63122

Market Action Index

The KIRKWOOD, 63122 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 12.44. 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 balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 5 of 6 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
KIRKWOOD, MO
63122

Days on Market
The properties have been on the market for an average of 163 days. Half of the listings have come newly on the market in the
past 105 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 6 Monday September 13, 2010