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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 19, 2011
Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]
MIAMI,
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
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Median List Price
24.3
Percent Relisted (reset DOM)
1179
2.0
5 %
Median Number of Bathrooms
213
Inventory of Properties Listed
$ 179
Percent Flip (price increased)
Median House Size (sq ft)
$ 210,000
15 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
Percent of Properties with Price Decrease
Buyer's Advantage
+
+
+
==
==
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
6 371694
1902.0 23
2.0
114
222
2.0 1331
179
68
106
38
$ 149,500
159
54
1331
3.0
592.0
898
1330
$ 62,000
2.0
259
$ 285,000
2.0$ 560,000
6
138
1180
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
1330
1111
2.0
The median list price in MIAMI, FL thisweek is $210,000. The 5322
properties have been on the marketfor an average of 213 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+
==
=
MIAMI
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
5322
$ 14,500,000
$ 12,000
$ 329,108
19
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI
Monday September 19, 2011
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 PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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City OverviewMIAMI
Monday September 19, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI
Monday September 19, 2011
Market Action IndexThe MIAMI market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Indexstands this week at 24.35 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rateof demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than theothers. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on the
premium homes.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 213 days. Half of the listings have come newly on the market in thepast 147 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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Median List Price
17.6
Percent Relisted (reset DOM)
1316
2.0
3 %
Median Number of Bathrooms
246
Inventory of Properties Listed
$ 288
Percent Flip (price increased)
Median House Size (sq ft)
$ 350,000
19 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
3 %
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
14 32146
2082.0 28
1.0
1
239
2.0 49
206
3
0
36
$ 295,000
6
4
49
3.0
12.0
919
49
$ 200,290
2.0
329
$ 425,000
3.0$ 750,000
30
2
1460
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
49
986
2.0
The median list price in MIAMI, FL33129 this week is $350,000. The 196
properties have been on the marketfor an average of 246 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
196
$ 6,000,000
$ 88,900
$ 573,763
24
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
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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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33129 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.55. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 246 days. Half of the listings have come newly on the market in thepast 178 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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Median List Price
14.7
Percent Relisted (reset DOM)
708
1.0
0 %
Median Number of Bathrooms
169
Inventory of Properties Listed
$ 113
Percent Flip (price increased)
Median House Size (sq ft)
$ 67,500
17 %
1.5
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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
4 0984
2241.0 36
2.0
0
161
1.0 3
226
0
0
40
$ 64,000
1
0
3
2.0
01.0
715
3
$ 40,000
1.0
65
$ 87,000
2.0$ 146,900
4
0
510
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 September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
3
637
1.0
The median list price in MIAMI, FL33128 this week is $67,500. The 12
properties have been on the marketfor an average of 169 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
12
$ 150,000
$ 25,900
$ 81,475
26
Trend Key:
In a Buyer's market, the relativestasis in inventory and salesconditions has allowed prices to driftlower recently. Expect thatconsistent up trends in demand willbe required before price trendschange significantly.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceAgain this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for atrough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
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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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33128 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.71. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 169 days. Half of the listings have come newly on the market in thepast 88 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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Median List Price
20.9
Percent Relisted (reset DOM)
1020
2.0
8 %
Median Number of Bathrooms
246
Inventory of Properties Listed
$ 277
Percent Flip (price increased)
Median House Size (sq ft)
$ 281,010
5 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
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
4 01368
2411.5 4
1.0
0
210
1.0 56
252
0
1
34
$ 224,500
4
5
56
2.0
22.0
757
55
$ 139,500
2.0
281
$ 297,000
2.0$ 412,000
4
6
1033
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
55
858
1.0
The median list price in MIAMI, FL33137 this week is $281,010. The 222
properties have been on the marketfor an average of 246 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
222
$ 1,350,000
$ 37,000
$ 284,433
10
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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
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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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33137 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 20.89. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 246 days. Half of the listings have come newly on the market in thepast 196 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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Median List Price
22.4
Percent Relisted (reset DOM)
902
2.0
6 %
Median Number of Bathrooms
129
Inventory of Properties Listed
$ 99
Percent Flip (price increased)
Median House Size (sq ft)
$ 79,500
12 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
3 %
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
4 02157
842.0 6
1.5
1
109
2.0 8
186
1
2
36
$ 72,000
0
0
8
4.0
22.0
736
8
$ 43,500
2.0
136
$ 90,000
3.0$ 692,000
22
1
848
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
8
1037
1.0
The median list price in MIAMI, FL33136 this week is $79,500. The 32
properties have been on the marketfor an average of 129 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
32
$ 899,000
$ 33,000
$ 204,609
18
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
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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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33136 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 22.39. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in thepast 108 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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Median List Price
30.2
Percent Relisted (reset DOM)
830
2.0
0 %
Median Number of Bathrooms
128
Inventory of Properties Listed
$ 132
Percent Flip (price increased)
Median House Size (sq ft)
$ 119,000
12 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
Percent of Properties with Price Decrease
Seller's Advantage
==
==
==
+
+
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
3 02198
2062.0 3
2.0
0
100
2.0 4
146
0
0
14
$ 119,000
1
1
5
4.0
01.5
640
4
$ 65,000
1.5
58
$ 162,500
3.0$ 269,500
22
0
812
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 September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
4
984
1.0
The median list price in MIAMI, FL33135 this week is $119,000. The 17
properties have been on the marketfor an average of 128 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
17
$ 330,000
$ 39,900
$ 146,071
12
Trend Key:
The market has not shown strongdirectional trends in terms of supplyand demand. However, inventory issufficiently low to keep us in theSeller's Market zone and prices havebeen moving upward as evidence.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
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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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33135 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at30.18 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 128 days. Half of the listings have come newly on the market in thepast 91 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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Median List Price
24.7
Percent Relisted (reset DOM)
970
2.0
0 %
Median Number of Bathrooms
172
Inventory of Properties Listed
$ 125
Percent Flip (price increased)
Median House Size (sq ft)
$ 110,000
17 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
Percent of Properties with Price Decrease
Buyer's Advantage
+
+
==
==
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
2 02200
1222.0 5
1.0
1
158
2.0 5
108
0
0
6
$ 107,000
0
2
5
3.5
32.0
699
4
$ 65,000
2.5
0
$ 0
3.0$ 377,000
4
1
1265
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
4
948
2.0
The median list price in MIAMI, FL33134 this week is $110,000. The 18
properties have been on the marketfor an average of 172 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
18
$ 384,999
$ 44,000
$ 185,994
15
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33134 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 24.67 so buyers should expect to find reasonable levels of selection.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 172 days. Half of the listings have come newly on the market in thepast 168 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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Median List Price
20.0
Percent Relisted (reset DOM)
1590
2.0
3 %
Median Number of Bathrooms
236
Inventory of Properties Listed
$ 301
Percent Flip (price increased)
Median House Size (sq ft)
$ 459,000
18 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
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
10 22607
2672.0 9
1.0
3
238
2.0 31
164
1
1
29
$ 389,000
6
3
32
4.0
23.0
622
31
$ 105,000
2.0
278
$ 580,000
3.0$ 1,300,000
15
5
1882
The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
31
1200
1.0
The median list price in MIAMI, FL33133 this week is $459,000. The 125
properties have been on the marketfor an average of 236 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
125
$ 14,500,000
$ 12,900
$ 731,657
19
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33133 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.99. 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 QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 236 days. Half of the listings have come newly on the market in thepast 189 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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Median List Price
17.6
Percent Relisted (reset DOM)
1207
2.0
9 %
Median Number of Bathrooms
249
Inventory of Properties Listed
$ 325
Percent Flip (price increased)
Median House Size (sq ft)
$ 375,112
17 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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
3 11789
2552.0 4
1.0
6
234
1.0 95
213
5
2
4
$ 299,999
9
4
95
3.0
22.0
800
95
$ 189,000
2.0
293
$ 440,000
2.0$ 749,000
4
6
1315
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
95
1084
1.0
The median list price in MIAMI, FL33132 this week is $375,112. The 380
properties have been on the marketfor an average of 249 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
380
$ 4,400,000
$ 49,000
$ 473,959
7
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceIn the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
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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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33132 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.57. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 249 days. Half of the listings have come newly on the market in thepast 186 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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Median List Price
20.7
Percent Relisted (reset DOM)
1190
2.0
5 %
Median Number of Bathrooms
232
Inventory of Properties Listed
$ 394
Percent Flip (price increased)
Median House Size (sq ft)
$ 409,500
12 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
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
6 71931
2452.0 4
1.0
8
220
1.0 174
207
5
6
5
$ 350,000
20
10
175
3.0
72.0
808
174
$ 237,000
2.0
255
$ 499,000
2.0$ 1,139,500
4
13
1306
The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
174
1000
1.0
The median list price in MIAMI, FL33131 this week is $409,500. The 697
properties have been on the marketfor an average of 232 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
697
$ 8,530,000
$ 15,000
$ 643,610
8
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
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 prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
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 relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33131 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 20.67. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 232 days. Half of the listings have come newly on the market in thepast 147 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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Median List Price
18.4
Percent Relisted (reset DOM)
1083
2.0
7 %
Median Number of Bathrooms
168
Inventory of Properties Listed
$ 307
Percent Flip (price increased)
Median House Size (sq ft)
$ 325,000
13 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
2 %
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
1 01359
1562.0 3
1.0
5
145
2.0 67
235
1
4
6
$ 265,000
8
0
68
2.0
22.0
776
67
$ 146,750
2.0
133
$ 399,000
2.0$ 527,500
1
7
1119
Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
67
1040
1.0
The median list price in MIAMI, FL33130 this week is $325,000. The 269
properties have been on the marketfor an average of 168 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
269
$ 950,000
$ 14,900
$ 337,477
5
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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceWhile this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch forpersistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33130 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 18.41. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 168 days. Half of the listings have come newly on the market in thepast 126 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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Median List Price
19.0
Percent Relisted (reset DOM)
1312
2.0
4 %
Median Number of Bathrooms
189
Inventory of Properties Listed
$ 136
Percent Flip (price increased)
Median House Size (sq ft)
$ 186,500
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)
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
29 11913
1092.0 30
2.0
2
206
2.0 28
209
1
2
43
$ 149,900
3
0
28
3.0
02.0
878
27
$ 95,000
2.0
234
$ 220,000
2.0$ 398,985
29
5
1312
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
27
1312
1.0
The median list price in MIAMI, FL33138 this week is $186,500. The 110
properties have been on the marketfor an average of 189 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
110
$ 1,450,000
$ 32,000
$ 248,168
32
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33138 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.04. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 189 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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Median List Price
33.5
Percent Relisted (reset DOM)
1000
2.0
3 %
Median Number of Bathrooms
184
Inventory of Properties Listed
$ 79
Percent Flip (price increased)
Median House Size (sq ft)
$ 87,000
10 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
1 %
Percent of Properties with Price Decrease
Seller's Advantage
==
+
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
20 21400
1462.0 24
2.0
4
187
2.0 30
191
5
2
25
$ 70,000
8
1
30
2.0
22.0
848
29
$ 54,450
2.0
213
$ 105,000
3.0$ 164,900
25
2
1120
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
29
946
1.5
The median list price in MIAMI, FL33193 this week is $87,000. The 118
properties have been on the marketfor an average of 184 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
118
$ 270,000
$ 38,000
$ 100,876
23
Trend Key:
In the last few weeks the market hasachieved a relative stasis point interms of sales to inventory.However, inventory is sufficientlylow to keep us in the Seller's Marketzone so watch changes in the MAI. Ifthe market heats up, prices arelikely to resume an upward climb.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
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 prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
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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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33193 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at33.48 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have aMarket Action Index below 30 (Buyer's Market).
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 184 days. Half of the listings have come newly on the market in thepast 91 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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Median List Price
24.3
Percent Relisted (reset DOM)
1770
3.0
6 %
Median Number of Bathrooms
198
Inventory of Properties Listed
$ 104
Percent Flip (price increased)
Median House Size (sq ft)
$ 182,450
17 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
Percent of Properties with Price Decrease
Buyer's Advantage
==
+
+
+
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
7 01839
1823.0 8
3.0
1
276
3.0 5
148
0
0
7
$ 180,000
0
0
5
3.0
03.0
1678
4
$ 160,000
3.5
201
$ 192,500
3.0$ 250,000
7
0
1934
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 September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
4
1770
3.0
The median list price in MIAMI, FL33194 this week is $182,450. The 18
properties have been on the marketfor an average of 198 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+
==
=
MIAMI, FL 33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
18
$ 279,900
$ 145,000
$ 195,483
7
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
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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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI, FL 33
Monday September 19, 2011
Market Action IndexThe MIAMI, 33194 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 24.34 so buyers should expect to find reasonable levels of selection.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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.
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighbor