Ekaterina Bazyka's Executive Summary

Monday September 12, 2011

MIAMI BEACH, FL 33140

Single Family Homes

This Week
The median list price in MIAMI BEACH, FL 33140 this week is $1,350,000. 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.

Real-Time Market Profile Median List Price $ 1,350,000 Asking Price Per Square Foot $ 416 Average Days on Market (DOM) 247 Percent of Properties with Price Decrease 16 % Percent Relisted (reset DOM) 5% Percent Flip (price increased) 5% Median House Size (sq ft) 3389 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 4.0 14.7

Trend == == ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

==

No change

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

Price
Market Action Index
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.

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
0.50 - 1.0 acre 0.25 - 0.50 acre 6,501 8,000 sqft 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

$ 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

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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