8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
1/11
MARKET UPDATEEkaterina Bazyka's
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofSeptember 05, 2011
Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]
MIAMI BEACH, FL 331
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
2/11
Median List Price
Median Lot Size
14.9
Percent Relisted (reset DOM)
3232
4.0
6 %
Median Number of Bathrooms
271
Inventory of Properties Listed
$ 469
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 1,425,000
19 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Strong Buyer's
+
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+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
56 27192
2584.0 65
3.0
4
292
4.0 99
219
4
3
0.50 - 1.0acre
62
$ 995,000
4
2
99
7.0
8,001 -10,000 sqft
25.0
19616,501 -
8,000 sqft
99
$ 519,000
5.0
315
0.25 - 0.50acre$ 2,000,000
6.0$ 7,495,000
61
6
3909
Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
98
2704
2.0
The median list price in MIAMI BEACH,FL this week is $1,425,000. The 395
properties have been on the marketfor an average of 271 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
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=
MIAMI BEACH
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
395
$ 34,500,000
$ 130,000
$ 3,155,130
57
Trend Key:
Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.
Page 2 of 11
Single Family Home
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 5, 2011
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
90-day Average7-day Average
Quartile PricesNot surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All havebeen increasing in price lately.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
4/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 5, 2011
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
5/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 5, 2011
Market Action IndexThe MIAMI BEACH market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.86. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 5, 2011
Days on MarketThe properties have been on the market for an average of 271 days. Half of the listings have come newly on the market in thepast 210 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
7/11
Median List Price
Median Lot Size
14.4
Percent Relisted (reset DOM)
3498
4.0
5 %
Median Number of Bathrooms
262
Inventory of Properties Listed
$ 416
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 1,350,000
18 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
62 17996
2644.0 74
3.0
1
236
4.0 38
242
4
2
0.50 - 1.0acre
70
$ 999,748
1
1
39
9.0
6,501 -8,000 sqft
05.0
23676,501 -
8,000 sqft
38
$ 639,000
5.0
305
0.25 - 0.50acre$ 1,772,500
7.0$ 8,550,000
72
1
4114
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
38
2792
3.0
The median list price in MIAMI BEACH,FL 33140 this week is $1,350,000. The
153 properties have been on themarket for an average of 262 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
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=
MIAMI BEACH33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
153
$ 34,500,000
$ 299,000
$ 3,301,434
64
Trend Key:
Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However, asthe supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.
Page 7 of 11
Single Family Home
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
8/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 5, 2011
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any priceincreases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
9/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 5, 2011
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 9 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
10/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 5, 2011
Market Action IndexThe MIAMI BEACH, 33140 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.43. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
age 10 of 11
Single Family Hom
8/4/2019 MIAMI BEACH-Homes- 33140 Market update Sept 5th 2011
11/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 5 2011
Days on MarketThe properties have been on the market for an average of 262 days. Half of the listings have come newly on the market in thepast 203 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 11
Single Family Hom