ekaterina bazyka market update [condo] north miami beach 33160
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8/4/2019 Ekaterina Bazyka Market Update [Condo] NORTH MIAMI BEACH 33160
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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 19, 2011
Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]
NORTH MIAMI BEACFL 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 [Condo] NORTH MIAMI BEACH 33160
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Median List Price
19.8
Percent Relisted (reset DOM)
1488
2.0
11 %
Median Number of Bathrooms
247
Inventory of Properties Listed
$ 275
Percent Flip (price increased)
Median House Size (sq ft)
$ 350,000
14 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
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
5 132420
2672.0 31
1.0
19
264
2.0 302
200
9
12
40
$ 250,000
21
21
302
4.0
172.0
869
301
$ 113,000
2.0
256
$ 525,000
3.0$ 1,200,000
9
28
1590
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday September 19, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
301
1233
2.0
The median list price in NORTH MIAMIBEACH, FL 33160 - Aventura this week
is $350,000. The 1206 properties havebeen on the market for an average of247 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+
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NORTH MIABEACH, FL 3316
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
1206
$ 10,900,000
$ 23,520
$ 626,282
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.
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Condos & Townhome
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 19, 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 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
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Condos & Townhom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 19, 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
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Condos & Townhom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 19, 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 19.79. 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 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.
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Condos & Townhom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailNORTH MIA
BEACH, FL 3316
Monday September 19, 2011
Days on MarketThe properties have been on the market for an average of 247 days. Half of the listings have come newly on the market in thepast 175 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
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Condos & Townhom