Finding Homes for You

MARKET UPDATE
CHESTERFIELD, MO
63017

· 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
 City Overview Single Family Homes in

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CHESTERFIELD,
MO

This Week Real-Time Market Profile Trend

The median list price in Median List Price $ 474,900 ±+
CHESTERFIELD (MO), MO this week is Average List Price $ 597,838
$474,900. The 487 properties have Asking Price Per Square Foot $ 154 ±+
been on the market for an average of Average Days on Market (DoM) 166 ±+
166 days. Inventory of Properties Listed 487 ≠≠

Most Expensive Listing $ 3,995,000

Inventory has been lightening lately Least Expensive Listing $ 149,900

and the Market Action Index has been Average Age of Listing 6
trending up. These are mildly positive Percent of Properties with Price Decrease 55 %
indications for the market. Percent Relisted (reset DOM) 11 %
Percent Flip (price increased) 3%
Median House Size (sq ft) 2993
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

The market has shown some Market Action Index Strong Buyer's 11.8 ==
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ 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

1.0 - 2.5
Top/First $ 959,900 4507 acres 4.0 4.5 0 121 0 3 266 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 589,900 3507 acre 4.0 3.5 6 122 10 7 156 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 379,900 2684 acre 4.0 3.0 0 122 8 5 124 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 289,900 2320 acre 4.0 2.5 5 122 10 12 118 Least expensive 25% of properties

Page 2 of 11 Monday September 13, 2010

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City Overview
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CHESTERFIELD,
MO

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.

7-day Average 90-day Average

Quartile Prices
Prices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3
and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a down
trend soon.

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

Page 3 of 11 Monday September 13, 2010

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City Overview
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CHESTERFIELD,
MO

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 11 Monday September 13, 2010

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City Overview
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CHESTERFIELD,
MO

Market Action Index

The CHESTERFIELD (MO) market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 11.82. 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
changes.

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 11 Monday September 13, 2010

 Single Family Homes in
City Overview
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CHESTERFIELD,
MO

Days on Market
The properties have been on the market for an average of 166 days. Half of the listings have come newly on the market in the
past 112 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 September 13, 2010

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CHESTERFIELD,
MO 63017

This Week Real-Time Market Profile Trend

The median list price in Median List Price $ 354,500 ±+
CHESTERFIELD (MO), MO 63017 this Average List Price $ 460,296
week is $354,500. The 255 properties Asking Price Per Square Foot $ 141 ±+
have been on the market for an Average Days on Market (DoM) 131 ±+
average of 131 days. Inventory of Properties Listed 255 ≠≠

Most Expensive Listing $ 3,995,000

Inventory has been lightening lately Least Expensive Listing $ 149,900

and the Market Action Index has been Average Age of Listing 5
trending up. These are mildly positive Percent of Properties with Price Decrease 58 %
indications for the market. Percent Relisted (reset DOM) 10 %
Percent Flip (price increased) 4%
Median House Size (sq ft) 2609
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.0

Altos Research Value Statistics

The market has shown some Market Action Index Strong Buyer's 12.0 ==
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ 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

0.25 - 0.50
Top/First $ 670,000 3691 acre 4.0 3.5 0 63 3 4 177 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 393,450 2650 acre 4.0 3.0 0 64 2 1 117 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 325,000 2580 acre 4.0 2.8 0 64 6 7 124 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 251,250 2056 acre 4.0 2.5 5 64 6 7 108 Least expensive 25% of properties

Page 7 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
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CHESTERFIELD,
MO 63017

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have been
mixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market Action
Index as a leading indicator of the trough in the market.

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

Page 8 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
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CHESTERFIELD,
MO 63017

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 9 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
CHESTERFIELD,
MO 63017

Market Action Index

The CHESTERFIELD (MO), 63017 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market
Action Index stands at 12.02. 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 10 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
CHESTERFIELD,
MO 63017

Days on Market
The properties have been on the market for an average of 131 days. Half of the listings have come newly on the market in the
past 91 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 September 13, 2010