Ekaterina Bazyka's MARKET UPDATE

FORT LAUDERDALE, FL 33301

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 12, 2011

Presented by Ekaterina Bazyka Luxury Home Specialist http://www.luxmiamirealestate.com - ekaterina.bazyka@gmail.com 954.224.0311

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

City Overview
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Single Family Homes in

FORT LAUDERDALE, FL
Real-Time Market Profile Trend
$ 284,948 $ 624,518 $ 129 195 3358 $ 29,999,137 $ 16,800 33 35 % 8% 5% 2088 8,001 - 10,000 sqft 3.0 2.0 + +

This Week
The median list price in FORT LAUDERDALE, FL this week is $284,948. The 3358 properties have been on the market for an average of 195 days. Inventory has been tightening and days-on-market decreasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Median List Price Average List Price

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Buyer's 18.7 + 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 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 1,050,000 $ 389,000 $ 209,900 $ 95,500

4462 2645 1850 1337

0.25 - 0.50 acre 8,001 10,000 sqft 6,501 8,000 sqft 6,501 8,000 sqft

5.0 4.0 3.0 3.0

4.0 2.5 2.0 2.0

15 24 34 44

839 839 840 840

30 41 44 73

34 51 74 72

264 186 163 166

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Page 2 of 11

Monday September 12, 2011

City Overview

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Median Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

7-day Average

90-day Average

Quartile Prices
Prices 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

Page 3 of 11

Monday September 12, 2011

City Overview

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 4 of 11

Monday September 12, 2011

City Overview

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Market Action Index

The FORT LAUDERDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.69. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.

Page 5 of 11

Monday September 12, 2011

City Overview

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Days on Market
The properties have been on the market for an average of 195 days. Half of the listings have come newly on the market in the past 112 or so days.

7-day Average

90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 6 of 11

Monday September 12, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Single Family Homes in

FORT LAUDERDALE, FL
Real-Time Market Profile Trend
$ 1,595,000 $ 2,727,265 $ 480 317 137 $ 20,000,000 $ 249,900 35 26 % 7% 7% 3388 0.25 - 0.50 acre 4.0 3.5 == +

This Week
The median list price in FORT LAUDERDALE, FL 33301 this week is $1,595,000. The 137 properties have been on the market for an average of 317 days. Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
Median List Price Average List Price

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Buyer's 12.2 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 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 5,997,500 $ 2,375,000 $ 1,197,500 $ 625,000

8687 4310 2836 1931

0.25 - 0.50 acre 0.25 - 0.50 acre 0.25 - 0.50 acre 6,501 8,000 sqft

6.0 4.0 3.0 3.0

6.8 5.0 3.0 2.0

9 20 45 62

34 34 34 35

0 1 3 0

1 3 1 1

499 296 206 269

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Page 7 of 11

Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

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

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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

Page 8 of 11

Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Price per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 9 of 11

Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Market Action Index

The FORT LAUDERDALE, 33301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 12.16. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.

Page 10 of 11

Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

FORT LAUDERDALE, FL

Days on Market
The properties have been on the market for an average of 317 days. Half of the listings have come newly on the market in the past 231 or so days.

7-day Average

90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 11 of 11

Monday September 12, 2011