Ekaterina Bazyka's MARKET UPDATE

NORTH MIAMI BEACH, FL 33160

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

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Single Family Homes in

NORTH MIAMI BEACH, FL 33160 Real-Time Market Profile Trend

$ 1,600,000 $ 2,844,284 $ 444 327 105 $ 18,900,000 $ 140,000 27 20 % 5% 4% 3833 0.25 - 0.50 acre 5.0 5.0 +

This Week
The median list price in NORTH MIAMI BEACH, FL 33160 - Aventura this week is $1,600,000. The 105 properties have been on the market for an average of 327 days. The Market Action Index has been basically flat recently, and days-onmarket decreasing, there are not strong signals for the direction of the market.
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 10.9 + 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

$ 4,982,500 $ 2,159,888 $ 1,372,500 $ 699,000

6671 4479 3487 2784

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

5.5 5.0 4.5 4.0

7.0 5.0 4.0 3.0

10 16 24 51

26 26 26 27

0 0 1 0

0 1 0 1

336 360 334 280

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

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Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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 a trough in prices.

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

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Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Price per Square Foot

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

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

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Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Market Action Index

The NORTH MIAMI BEACH, 33160 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 10.90. 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.

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Monday September 12, 2011

Neighborhood Detail

Single Family Homes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Days on Market
The properties have been on the market for an average of 327 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

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Monday September 12, 2011