St.

Louis Area Real

MARKET UPDATE
SAINT PETERS, MO

· 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 21, 2009

· Presented by River City Real Estate

River City Real Estate
http://www.RCREonline.com
Toll Free: (866) 456-1862 | www.rcreonline.com

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
 City Overview
River City Real Estate, Toll Free: (866) 456-1862 |
SAINT PETERS,
MO

This Week Real-Time Market Profile Trend

The median list price in SAINT Median List Price $ 194,900 ==
PETERS, MO this week is $194,900. Average List Price $ 233,732
The 319 properties have been on the Asking Price Per Square Foot $ 125 ==
market for an average of 163 days. Average Days on Market (DoM) 163 ==

Inventory of Properties Listed 319 ≠≠

Most Expensive Listing $ 1,600,000

Inventory has been lightening lately Least Expensive Listing $ 79,900

and the Market Action Index has been Average Age of Listing 26
trending up. Though days-on-market Percent of Properties with Price Decrease 46 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 11 %
indications for the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 1613
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has shown some Market Action Strong Buyer's 18.1 ==
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 ≠≠ Strong downward
leading indicator for price changes. ±+ No change = Slight upward ≠ 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 $ 329,900 2594 acre 4.0 2.5 10 79 2 5 225 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 230,000 2000 acre 3.0 2.5 13 80 8 9 178 Upper-middle 25% of properties

8,001 -
Lower/Third $ 174,450 1417 10,000 sqft 3.0 2.5 28 80 13 12 131 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 141,000 1144 10,000 sqft 3.0 2.0 33 80 11 9 119 Least expensive 25% of properties

Thursday September 17, 2009

City Overview
River City Real Estate, Toll Free: (866) 456-1862 |
SAINT PETERS,
MO

Median Price
Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high
point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code without strong directional indication lately. Quartiles 2 and 4 are
mixed, while Quartile 3 is up and Quartile 1 is down. Look to persistent shifts in the Market Action Index as a leading indicator
for strong moves (up or down) in the market as a whole.

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

Thursday September 17, 2009

City Overview
River City Real Estate, Toll Free: (866) 456-1862 |
SAINT PETERS,
MO

Price per Square Foot

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently
increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action
Index for persistent changes as a leading indicator for these trends to flatten or drop.

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

Thursday September 17, 2009

City Overview
River City Real Estate, Toll Free: (866) 456-1862 |
SAINT PETERS,
MO

Market Action Index

The SAINT PETERS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 18.12. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers

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.
Thursday September 17, 2009
City Overview
River City Real Estate, Toll Free: (866) 456-1862 |
SAINT PETERS,
MO

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 98 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

Thursday September 17, 2009