Kelsey Cottrell Realty's

MARKET UPDATE
BERKELEY, MO

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

BERKELEY, MO

This Week Real-Time Market Profile Trend

The median list price in BERKELEY, Median List Price $ 55,500 ±+
MO this week is $55,500. The 39 Average List Price $ 54,605
properties have been on the market Asking Price Per Square Foot $ 51 ==
for an average of 142 days. Average Days on Market (DoM) 142 ==

Inventory of Properties Listed 39 ==

Most Expensive Listing $ 124,900

Inventory and days-on-market are Least Expensive Listing $ 15,000

both trending higher recently. Average Age of Listing

However, the improving Market Percent of Properties with Price Decrease 36 %
Action Index implies some increased Percent Relisted (reset DOM) 8%
demand will temper the negative Percent Flip (price increased) 0%
trends. Median House Size (sq ft) 936
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 2.0

Supply and Demand

Median Number of Bathrooms 1.0

Altos Research Value Statistics

The market has settled in at a Market Action Index Strong Buyer's 15.7 ==
relative stasis in inventory and sales 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
conditions. It's a Buyer's market that implies a seller's advantage. Below 30, conditions give the advantage to the
has seen prices trend lower. Expect buyer.
that consistent up trends in demand
will be required before price trends Trend Key: == Strong upward trend ≠≠ Strong downward trend
change significantly. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

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

4,501 -
Top/First $ 82,500 1288 6,500 sqft 3.0 1.0 9 1 4 152 Most expensive 25% of properties

4,501 -
Upper/Second $ 64,900 836 6,500 sqft 2.0 1.2 10 1 1 169 Upper-middle 25% of properties

4,501 -
Lower/Third $ 49,900 912 6,500 sqft 2.0 1.0 10 0 1 166 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 20,950 890 6,500 sqft 2.5 1.0 10 2 0 81 Least expensive 25% of properties

Page 2 of 6 Monday February 15, 2010

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

Median Price
Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.

7-day Average 90-day Average

Quartile Prices
Most of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market is
still on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-location
variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

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

Page 3 of 6 Monday February 15, 2010

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

Price per Square Foot

The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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 6 Monday February 15, 2010

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

Market Action Index

The BERKELEY market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 15.65. 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 6 Monday February 15, 2010

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

Days on Market
The properties have been on the market for an average of 142 days. Half of the listings have come newly on the market in the
past 77 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 February 15, 2010