Ekaterina Bazyka's Executive Summary

Monday September 19, 2011

MIAMI BEACH, FL 33140

Condos - Townhomes - TICs

This Week
The median list price in MIAMI BEACH, FL 33140 this week is $359,000. 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.

Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms Market Action Index Strong Buyer's $ 359,000 $ 343 240 20 % 3% 5% 1031 2.0 2.0 16.8

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
Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward 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 Square Feet Beds Baths

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

Age Inventory New Absorbed DOM

$ 950,000 $ 450,000 $ 295,000 $ 140,000

1621 1120 987 556

2.0 2.0 2.0 1.0

3.0 2.0 2.0 1.0

6 37 44 45

141 141 141 142

7 7 9 15

4 5 4 13

265 240 231 223

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

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