Ekaterina Bazyka's Executive Summary

Monday September 19, 2011

MIAMI BEACH, FL
Condos - Townhomes - TICs

This Week
The median list price in MIAMI BEACH, FL this week is $358,000. The Market Action Index has been basically flat recently, and dayson-market decreasing, there are not strong signals for the direction of 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 $ 358,000 $ 377 246 17 % 5% 6% 1020 2.0 2.0 19.6

Trend == ==

Supply and Demand

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

No change

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

Price
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

Market Action Index

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

$ 1,405,000 $ 495,000 $ 265,000 $ 135,999

1950 1128 897 665

2.0 2.0 1.0 1.0

3.0 2.0 2.0 1.0

9 20 44 47

648 648 648 649

25 28 45 65

22 22 31 49

292 265 221 204

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

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