Download - Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
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8/14/2019 Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
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MARKET UPDATEKelsey Cottrell Realty's
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofFebruary 15, 2010
Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Groupwww.kelseycottrell.com - [email protected]
ROCK HILL, MO 63
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8/14/2019 Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
2/11
Median List Price
Median Lot Size
13.3
Percent Relisted (reset DOM)
1096
1.5
0 %
Median Number of Bathrooms
193
Inventory of Properties Listed
$ 149
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 167,450
43 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
14 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
01924
981.0
2.0
1
229
2.0 9
124
1
0
6,501 -8,000 sqft
$ 159,000
1
0
9
2.5
6,501 -8,000 sqft
01.5
9406,501 -
8,000 sqft
9
$ 129,000
3.0
336
6,501 -8,000 sqft$ 175,000
4.0$ 319,900
0
1362
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
8
927
1.0
The median list price in ROCK HILL,MO this week is $167,450. The 35
properties have been on the marketfor an average of 193 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
ROCK HILL, M
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
35
$ 447,900
$ 69,900
$ 195,070
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
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Single Family Home
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewROCK HILL, M
Monday February 15, 2010
Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.
90-day Average7-day Average
Quartile PricesPrice weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewROCK HILL, M
Monday February 15, 2010
Price per Square FootThe 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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewROCK HILL, M
Monday February 15, 2010
Market Action IndexThe ROCK HILL market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.32. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
Page 5 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
City OverviewROCK HILL, M
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 193 days. Half of the listings have come newly on the market in thepast 112 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
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Single Family Hom
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8/14/2019 Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
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Median List Price
Median Lot Size
15.2
Percent Relisted (reset DOM)
1044
1.5
0 %
Median Number of Bathrooms
156
Inventory of Properties Listed
$ 145
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 164,000
40 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
+
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
01610
1121.0
2.0
1
148
2.0 6
147
0
0
6,501 -8,000 sqft
$ 157,450
1
1
7
2.0
6,501 -8,000 sqft
01.8
9406,501 -
8,000 sqft
6
$ 129,000
3.0
219
6,501 -8,000 sqft$ 172,450
4.0$ 209,900
0
1138
With inventory trending up but days-on-market and the Market ActionIndex essentially flat recently,conditions do not seem to have strongup or down pull.
Monday February 15, 2010
Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
6
906
1.0
The median list price in ROCK HILL,MO 63119 this week is $164,000. The
25 properties have been on themarket for an average of 156 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
ROCK HILL, M631
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
25
$ 305,000
$ 69,900
$ 165,486
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
Page 7 of 11
Single Family Home
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8/14/2019 Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailROCK HILL, M
63
Monday February 15, 2010
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have beenmixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market ActionIndex as a leading indicator of the trough in the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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8/14/2019 Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailROCK HILL, M
63
Monday February 15, 2010
Price per Square FootThe 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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 9 of 11
Single Family Hom
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailROCK HILL, M
63
Monday February 15, 2010
Market Action IndexThe ROCK HILL, 63119 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.22. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.
age 10 of 11
Single Family Hom
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8/14/2019 Real Estate Statistics for Rock Hill, MO 63119 Including Real Estate & Housing Statistics
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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690
Neighborhood DetailROCK HILL, M
63
Monday February 15 2010
Days on MarketThe properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in thepast 112 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
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Single Family Hom