Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
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Transcript of Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
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 19, 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
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
2/11
Median List Price
Median Lot Size
14.2
Percent Relisted (reset DOM)
3187
4.0
5 %
Median Number of Bathrooms
263
Inventory of Properties Listed
$ 467
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 1,398,500
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
58 07120
2343.0 65
3.0
3
281
4.0 102
231
1
2
0.50 - 1.0acre
64
$ 962,500
13
4
102
7.0
6,501 -8,000 sqft
15.0
19344,501 -
6,500 sqft
102
$ 497,000
5.0
306
0.25 - 0.50acre$ 2,048,500
6.0$ 7,637,500
59
4
3914
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
102
2630
2.0
The median list price in MIAMI BEACH,FL this week is $1,398,500. The 408
properties have been on the marketfor an average of 263 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+
==
=
MIAMI BEACH
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
408
$ 34,500,000
$ 167,310
$ 3,180,634
57
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 11
Single Family Home
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
3/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 19, 2011
Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.
90-day Average7-day Average
Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 11
Single Family Hom
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
4/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 19, 2011
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
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 4 of 11
Single Family Hom
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
5/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 19, 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 14.22. 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
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
6/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewMIAMI BEACH
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 263 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
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
7/11
Median List Price
Median Lot Size
17.3
Percent Relisted (reset DOM)
2313
3.0
4 %
Median Number of Bathrooms
300
Inventory of Properties Listed
$ 297
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 672,500
24 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
3 %
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
52 05343
3022.0 62
3.0
3
241
3.0 19
295
1
0
0.25 - 0.50acre
63
$ 549,000
4
1
19
5.5
4,501 -6,500 sqft
04.0
17454,501 -
6,500 sqft
18
$ 375,000
4.0
363
8,001 -10,000 sqft$ 850,000
5.0$ 4,075,000
58
0
3017
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
18
1950
2.0
The median list price in MIAMI BEACH,FL 33154 this week is $672,500. The
74 properties have been on themarket for an average of 300 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+
==
=
MIAMI BEACH33
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
74
$ 32,500,000
$ 259,000
$ 2,199,551
54
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 7 of 11
Single Family Home
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
8/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 19, 2011
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
9/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 19, 2011
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
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
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
10/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 19, 2011
Market Action IndexThe MIAMI BEACH, 33154 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.31. 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
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8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI BEACH 33154
11/11
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailMIAMI BEACH
33
Monday September 19 2011
Days on MarketThe properties have been on the market for an average of 300 days. Half of the listings have come newly on the market in thepast 228 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