Ekaterina Bazyka's Executive Summary

Monday September 19, 2011

MIAMI BEACH, FL
Single Family Homes

This Week
The median list price in MIAMI BEACH, FL this week is $1,398,500. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

Real-Time Market Profile Median List Price $ 1,398,500 Asking Price Per Square Foot $ 467 Average Days on Market (DOM) 263 Percent of Properties with Price Decrease 18 % Percent Relisted (reset DOM) 5% Percent Flip (price increased) 5% Median House Size (sq ft) 3187 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 14.2

Trend +

Supply and Demand

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

No change

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

Price
Market Action Index
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
0.50 - 1.0 acre 0.25 - 0.50 acre 6,501 8,000 sqft 4,501 6,500 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

$ 7,637,500 $ 2,048,500 $ 962,500 $ 497,000

7120 3914 2630 1934

6.0 5.0 4.0 3.0

7.0 5.0 3.0 2.0

58 59 65 64

102 102 102 102

4 1 3 13

0 1 2 4

306 281 234 231

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

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