Ekaterina Bazyka's Executive Summary

Monday September 12, 2011

MIAMI, FL
Single Family Homes

This Week
The median list price in MIAMI, FL this week is $249,000. With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.

Real-Time Market Profile Median List Price $ 249,000 Asking Price Per Square Foot $ 125 Average Days on Market (DOM) 177 Percent of Properties with Price Decrease 24 % Percent Relisted (reset DOM) 5% Percent Flip (price increased) 4% Median House Size (sq ft) 1913 Median Lot Size 6,501 - 8,000 sqft Median Number of Bedrooms 3.0 Median Number of Bathrooms Market Action Index Strong Buyer's 2.0 22.1

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
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 6,501 8,000 sqft 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

$ 665,000 $ 300,000 $ 189,900 $ 93,750

3179 2155 1709 1308

4.0 4.0 3.0 3.0

3.0 2.0 2.0 2.0

28 33 40 57

997 998 998 998

48 48 69 62

51 61 78 66

213 158 169 168

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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