Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011

8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011

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MARKET UPDATEEkaterina Bazyka's

· Current Real Estate Market Conditions for Condos & Townhomes

· Trends in Pricing· Current Levels of Supply and Demand

· Value Metrics

· Report for the week ofSeptember 05, 2011

· Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]

NORTH MIAMI BEACFL 331

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC



Median List Price

19.1

Percent Relisted (reset DOM)

1478

2.0

9 %

Median Number of Bathrooms

258

Inventory of Properties Listed

$ 272

Percent Flip (price increased)

Median House Size (sq ft)

$ 350,000

15 %

2.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %

Percent of Properties with Price Decrease

Strong Buyer's

±+

==

±+

==

≠≠

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/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

5 62327

2742.0 32

1.0

18

262

2.0 305

210

11

13

40

$ 250,000

18

13

306

3.0

92.0

887

305

$ 113,950

2.0

288

$ 525,000

3.0$ 1,199,000

9

18

1583

The Market Action index has beentrending down lately, while days-on-market is climbing, providing mostlybearish signs for the market.

Monday September 5, 2011

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

305

1233

2.0

The median list price in NORTH MIAMIBEACH, FL 33160 - Aventura this week

is $350,000. The 1221 properties havebeen on the market for an average of258 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

NORTH MIABEACH, FL 3316

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

1221

$ 10,900,000

$ 23,520

$ 614,164

22

Trend Key:

Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.

Page 2 of 6

Condos & Townhome




Neighborhood DetailNORTH MIA

BEACH, FL 3316


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.

90-day Average7-day Average

Quartile PricesIn the quartile market segments, we see prices for this zip code without strong directional indication lately. Quartiles 2 and 4are mixed, while Quartiles 1 and 3 are up. Look to persistent downward shift in the Market Action Index as a leading indicatorfor a plateau in the market as a whole.

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

Page 3 of 6

Condos & Townhom





BEACH, FL 3316


Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 4 of 6

Condos & Townhom





BEACH, FL 3316


Market Action IndexThe NORTH MIAMI BEACH, 33160 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 19.12. With several months of inventory available at the current sales rate, buyers should find amplechoice.

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.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage 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 functionof the current rate of sale versus current inventory.

Page 5 of 6

Condos & Townhom





BEACH, FL 3316


Days on MarketThe properties have been on the market for an average of 258 days. Half of the listings have come newly on the market in thepast 182 or so days.


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.


Page 6 of 6

Condos & Townhom

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Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011

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