Executive Summary Report [condo] Aventura 33180
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11 8 2657 280 2.0 21 2.0 15 312 2.0 176 208 3 9 29 $ 310,000 24 8 176 3.0 6 2.0 1091 176 $ 180,950 2.0 331 $ 452,500 3.0 $ 799,000 11 17 1676 Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices. Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market. Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market. MIAMI, FL 33180 - Michael's Executive Summary 175 1320 2.0 Monday October 24, 2011 The median list price in MIAMI, FL 33180 - Aventura this week is $385,000. 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 Quartile Median Price Beds Baths Age Inventory New Absorbed DOM Square Feet Michael Solovay | www.WhatsThePointofAventura.com | 305.332.4260 No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠ = Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC Condos - Townhomes - TICs 19.3 Percent Relisted (reset DOM) 1505 2.0 5 % Median Number of Bathrooms 283 Median List Price Average Days on Market (DOM) $ 258 Percent Flip (price increased) Median House Size (sq ft) $ 385,000 19 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 4 % Percent of Properties with Price Decrease Strong Buyer's ≠≠ == ±+ == Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Characteristics per Quartile 90-Day Rolling Average 7-Day Rolling Average Buyer/Seller Cutoff 90-Day Rolling Average 7-Day Rolling Average
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Transcript of Executive Summary Report [condo] Aventura 33180
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11 82657
2802.0 21
2.0
15
312
2.0 176
208
3
9
29
$ 310,000
24
8
176
3.0
62.0
1091
176
$ 180,950
2.0
331
$ 452,500
3.0$ 799,000
11
17
1676
Again this week in this zip code we see a downward notch forprices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in theMarket Action Index as a leading indicator for a trough in prices.
Home sales have been exceeding new inventory for several weeks.However because of excess inventory, prices have not yet stoppedfalling. Should the sales trend continue, expect prices to level offsoon and potentially to resume their climb from there. Watch pricesas the market transitions from a Buyer's market to a Seller's market.
Inventory has been lightening lately and the Market Action Indexhas been trending up. These are mildly positive indications for themarket.
MIAMI, FL 33180 -Michael's ExecutiveSummary
175
1320
2.0
Monday October 24, 2011
The median list price in MIAMI, FL 33180 - Aventura this week is$385,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet
Michael Solovay | www.WhatsThePointofAventura.com | 305.332.4260
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Condos - Townhomes - TICs
19.3
Percent Relisted (reset DOM)
1505
2.0
5 %
Median Number of Bathrooms
283
Median List Price
Average Days on Market (DOM)$ 258
Percent Flip (price increased)Median House Size (sq ft)
$ 385,000
19 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %Percent of Properties with Price Decrease
Strong Buyer's
≠≠
==
±+
==
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week
Supply and Demand
Real-Time Market Profile Trend
Price
Price Trends
Market Action Index
The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile
90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff
90-Day Rolling Average7-Day Rolling Average
