Ekaterina Bazyka's Executive Summary

Monday September 19, 2011

MIAMI BEACH, FL 33139

Single Family Homes

This Week
The median list price in MIAMI BEACH, FL 33139 this week is $2,950,000. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

Real-Time Market Profile Median List Price $ 2,950,000 Asking Price Per Square Foot $ 692 Average Days on Market (DOM) 277 Percent of Properties with Price Decrease 16 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 15 % Median House Size (sq ft) 3566 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 10.2

Trend == + ==

Supply and Demand

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

No change

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

Price
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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 Sq. Ft. Lot Size
0.50 - 1.0 acre 0.25 - 0.50 acre 8,001 10,000 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.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Beds

Baths

Age Inventory New Absorbed DOM

$ 7,925,000 $ 3,800,000 $ 1,845,000 $ 872,000

7668 4534 3184 2042

6.0 5.0 4.0 3.0

7.0 5.0 4.0 3.0

34 62 61 66

20 20 20 20

0 0 0 0

0 0 0 2

295 371 247 197

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

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