Ekaterina Bazyka's Executive Summary

Monday September 12, 2011

FORT LAUDERDALE, FL
Single Family Homes

This Week
The median list price in FORT LAUDERDALE, FL 33301 this week is $1,595,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Real-Time Market Profile Median List Price $ 1,595,000 Asking Price Per Square Foot $ 480 Average Days on Market (DOM) 317 Percent of Properties with Price Decrease 26 % Percent Relisted (reset DOM) 7% Percent Flip (price increased) 7% Median House Size (sq ft) 3388 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 3.5 12.2

Trend +

Supply and Demand

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

No change

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

Price
Market Action Index
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.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

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 Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
0.25 - 0.50 acre 0.25 - 0.50 acre 0.25 - 0.50 acre 6,501 8,000 sqft

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Beds Baths Age Inventory New Absorbed DOM

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

8687 4310 2836 1931

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

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

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