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Ekaterina Bazyka Exec Summary (Condo) MIAMI BEACH 33154
Ekaterina Bazyka Exec Summary (Condo) MIAMI BEACH 33154
This Week
The median list price in MIAMI BEACH, FL 33154 this week is $439,000. 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 $ 439,000 $ 362 269 17 % 6% 5% 1300 2.0 2.0 18.4
Trend == + ==
==
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
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
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
10 34 46 45
86 87 87 87
5 5 5 7
4 7 5 3
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