Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
Post on 07-Apr-2018
220 Views
Preview:
Transcript
8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-condo-florida-north-miami-beach-33160-week 1/6
MARKET UPDATEEkaterina Bazyka's
· Current Real Estate Market Conditions for Condos & Townhomes
· 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 - ekaterina.bazyka@gmail.com954.224.0311
NORTH MIAMI BEACFL 331
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-condo-florida-north-miami-beach-33160-week 2/6
Median List Price
19.1
Percent Relisted (reset DOM)
1478
2.0
9 %
Median Number of Bathrooms
258
Inventory of Properties Listed
$ 272
Percent Flip (price increased)
Median House Size (sq ft)
$ 350,000
15 %
2.0
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)
Bottom/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
5 62327
2742.0 32
1.0
18
262
2.0 305
210
11
13
40
$ 250,000
18
13
306
3.0
92.0
887
305
$ 113,950
2.0
288
$ 525,000
3.0$ 1,199,000
9
18
1583
The Market Action index has beentrending down lately, while days-on-market is climbing, providing mostlybearish signs for the market.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
305
1233
2.0
The median list price in NORTH MIAMIBEACH, FL 33160 - Aventura this week
is $350,000. The 1221 properties havebeen on the market for an average of258 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
NORTH MIABEACH, FL 3316
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
1221
$ 10,900,000
$ 23,520
$ 614,164
22
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
Page 2 of 6
Condos & Townhome
8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-condo-florida-north-miami-beach-33160-week 3/6
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 5, 2011
Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices for this zip code without strong directional indication lately. Quartiles 2 and 4are mixed, while Quartiles 1 and 3 are up. Look to persistent downward shift in the Market Action Index as a leading indicatorfor a plateau in the market as a whole.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Condos & Townhom
8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-condo-florida-north-miami-beach-33160-week 4/6
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 5, 2011
Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 6
Condos & Townhom
8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-condo-florida-north-miami-beach-33160-week 5/6
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 5, 2011
Market Action IndexThe NORTH MIAMI BEACH, 33160 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 19.12. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 Buyer’sAdvantage 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 6
Condos & Townhom
8/4/2019 Ekaterina Bazyka Market Update [Condo] FLORIDA, NORTH MIAMI BEACH 33160 Week of September 5th 2011
http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-condo-florida-north-miami-beach-33160-week 6/6
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 5, 2011
Days on MarketThe properties have been on the market for an average of 258 days. Half of the listings have come newly on the market in thepast 182 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 6
Condos & Townhom
top related