Ekaterina Bazyka Market Update (SF) MIAMI BEACH

Ekaterina Bazyka's MARKET UPDATE
MIAMI BEACH, FL
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
MIAMI BEACH, FL
This Week
The median list price in MIAMI BEACH, FL this week is $1,462,500. The 394 properties have been on the market for an average of 260 days.
Median List Price Average List Price
Real-Time Market Profile

$ 1,462,500 $ 3,207,578 $ 470 260 394 $ 34,500,000 $ 130,000 57 18 % 5% 5% 3195 8,001 - 10,000 sqft 4.0 4.0
Trend
== == == +
Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
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 15.0 == 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
$ 7,875,000 $ 2,149,500 $ 995,000 $ 499,999
7192 3910 2656 1935
0.50 - 1.0 acre 0.25 - 0.50 acre 6,501 8,000 sqft 4,501 6,500 sqft
6.0 5.0 4.0 3.0
7.0 5.0 3.0 2.0
56 60 66 63
98 98 99 99
3 4 4 6
2 4 6 6
306 286 237 213
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Page 2 of 26
Monday September 12, 2011
City Overview
MIAMI BEACH, FL
Median Price
Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run recently.
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 26
City Overview
MIAMI BEACH, FL
Price per Square Foot

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

Inventory has been relatively steady around these levels in recent weeks.
7-day Average
90-day Average
Page 4 of 26
City Overview
MIAMI BEACH, FL
Market Action Index

The MIAMI BEACH market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 14.99. 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
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 26
City Overview
MIAMI BEACH, FL
Days on Market
The properties have been on the market for an average of 260 days. Half of the listings have come newly on the market in the past 210 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 26
Neighborhood Detail
MIAMI BEACH, FL 33139

Real-Time Market Profile Trend
$ 2,832,500 $ 4,121,474 $ 688 269 82 $ 29,500,000 $ 130,000 53 17 % 10 % 12 % 3468 8,001 - 10,000 sqft 4.0 4.0 == == ==
This Week
The median list price in MIAMI BEACH, FL 33139 this week is $2,832,500. The 82 properties have been on the market for an average of 269 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand


Trend Key:
No change

Quartile
$ 7,925,000 $ 3,600,000 $ 1,699,990 $ 800,000
7668 4460 3150 2030
6.0 5.0 4.0 3.0
7.0 5.0 3.0 3.0
34 62 64 65
20 20 21 21
2 0 2 2
0 2 2 1
289 342 270 181
Page 7 of 26
Neighborhood Detail
Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 26
Neighborhood Detail

7-day Average
90-day Average

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 9 of 26
Neighborhood Detail
Market Action Index

The MIAMI BEACH, 33139 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 10.48. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average

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
Page 10 of 26
Neighborhood Detail
Days on Market
7-day Average
90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 11 of 26
Neighborhood Detail

$ 1,350,000 $ 3,307,791 $ 416 247 151 $ 34,500,000 $ 299,000 65 16 % 5% 5% 3389 8,001 - 10,000 sqft 4.0 4.0 == == == ==
This Week
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
Supply and Demand


Trend Key:
No change

Quartile
$ 8,650,000 $ 1,725,000 $ 995,000 $ 598,000
8096 4114 2669 2396
7.0 5.0 4.0 3.0
9.0 5.0 4.0 3.0
63 72 73 71
37 38 38 38
1 1 1 3
1 1 3 3
280 218 264 225
Page 12 of 26
Neighborhood Detail
Median Price
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
7-day Average
90-day Average
Quartile Prices
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 13 of 26
Neighborhood Detail

7-day Average
90-day Average

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 14 of 26
Neighborhood Detail
Market Action Index

90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 15 of 26
Neighborhood Detail
Days on Market
7-day Average
90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 16 of 26
Neighborhood Detail

$ 699,900 $ 2,335,937 $ 309 303 65 $ 32,500,000 $ 259,000 54 25 % 5% 5% 2624 4,501 - 6,500 sqft 4.0 3.0 == == ==
This Week
The median list price in MIAMI BEACH, FL 33154 this week is $699,900. The 65 properties have been on the market for an average of 303 days.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand


Market Action Index Strong Buyer's 18.5 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

Quartile
$ 4,075,000 $ 974,500 $ 615,000 $ 389,000
5392 3004 2031 1710
0.25 - 0.50 acre 8,001 10,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft
5.0 4.0 3.0 3.0
6.5 4.0 2.0 2.0
52 58 62 62
16 16 16 17
0 1 0 1
1 0 1 0
381 250 322 262
Page 17 of 26
Neighborhood Detail
Median Price
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
7-day Average
90-day Average
Quartile Prices
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 18 of 26
Neighborhood Detail

7-day Average
90-day Average

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 19 of 26
Neighborhood Detail
Market Action Index

90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 20 of 26
Neighborhood Detail
Days on Market
7-day Average
90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 21 of 26
Neighborhood Detail

$ 1,599,000 $ 2,817,209 $ 504 238 94 $ 14,900,000 $ 167,310 51 16 % 3% 1% 3076 8,001 - 10,000 sqft 4.0 4.0 == == ==
This Week
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.
Supply and Demand


Market Action Index Strong Buyer's 13.2 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

Quartile
$ 6,990,000 $ 2,199,000 $ 1,297,000 $ 387,000
6882 3980 2514 1784
6.0 5.0 4.0 3.0
7.0 5.0 3.0 2.0
58 57 59 61
23 23 24 24
0 1 0 2
0 0 2 1
328 250 234 146
Page 22 of 26
Neighborhood Detail
Median Price
While this week the median price in this zip code didn't fluctuate much, we are relatively close to the market's high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
7-day Average
90-day Average
Quartile Prices
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 23 of 26
Neighborhood Detail

7-day Average
90-day Average

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 24 of 26
Neighborhood Detail
Market Action Index

90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 25 of 26
Neighborhood Detail
Days on Market
7-day Average
90-day Average

First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 26 of 26

Ekaterina Bazyka Market Update (SF) MIAMI BEACH

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Ekaterina Bazyka's MARKET UPDATE

Report for the week of

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

Single Family Homes in

Real-Time Market Profile

Supply and Demand

Median Number of Bathrooms

Altos Research Value Statistics

Characteristics per Quartile

$ 7,875,000 $ 2,149,500 $ 995,000 $ 499,999

7192 3910 2656 1935

6.0 5.0 4.0 3.0

7.0 5.0 3.0 2.0

306 286 237 213

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Price per Square Foot

Inventory of Properties Listed for Sale

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Market Action Index

Market Action Index per Quartile

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Days on Market per Quartile

Monday September 12, 2011

Single Family Homes in

MIAMI BEACH, FL 33139

Supply and Demand

Median Number of Bathrooms

Altos Research Value Statistics

Characteristics per Quartile

$ 7,925,000 $ 3,600,000 $ 1,699,990 $ 800,000

7668 4460 3150 2030

6.0 5.0 4.0 3.0

7.0 5.0 3.0 3.0

289 342 270 181

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI BEACH, FL 33139

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI BEACH, FL 33139

Price per Square Foot

Inventory of Properties Listed for Sale

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI BEACH, FL 33139

Market Action Index

Market Action Index per Quartile

Monday September 12, 2011

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311