Ekaterina Bazyka's MARKET UPDATE

NORTH MIAMI BEACH, FL 33160

Current Real Estate Market Conditions for Condos & Townhomes Trends in Pricing Current Levels of Supply and Demand Value Metrics

Report for the week of

September 05, 2011

Presented by Ekaterina Bazyka Luxury Home Specialist http://www.luxmiamirealestate.com - ekaterina.bazyka@gmail.com 954.224.0311

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

NORTH MIAMI BEACH, FL 33160 Real-Time Market Profile Trend

$ 350,000 $ 614,164 $ 272 258 1221 $ 10,900,000 $ 23,520 22 15 % 5% 9% 1478 2.0 2.0 + == + ==

This Week
The median list price in NORTH MIAMI BEACH, FL 33160 - Aventura this week is $350,000. The 1221 properties have been on the market for an average of 258 days. The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs for the market.
Median List Price Average List Price

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms

Supply and Demand

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Altos Research Value Statistics

Market Action Index Strong Buyer's 19.1 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM

$ 1,199,000 $ 525,000 $ 250,000 $ 113,950

2327 1583 1233 887

3.0 2.0 2.0 1.0

3.0 2.0 2.0 2.0

5 9 32 40

305 305 305 306

13 11 18 18

6 9 13 18

288 262 274 210

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday September 5, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Median Price
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices for this zip code without strong directional indication lately. Quartiles 2 and 4 are mixed, while Quartiles 1 and 3 are up. Look to persistent downward shift in the Market Action Index as a leading indicator for a plateau in the market as a whole.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday September 5, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average

90-day Average

Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

7-day Average

90-day Average

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Monday September 5, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Market Action Index

The NORTH MIAMI BEACH, 33160 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.12. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage 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 function of the current rate of sale versus current inventory.

Page 5 of 6

Monday September 5, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

NORTH MIAMI BEACH, FL 33160 -

Days on Market
The properties have been on the market for an average of 258 days. Half of the listings have come newly on the market in the past 182 or so days.

7-day Average

90-day Average

Days on Market per Quartile

It 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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Monday September 5, 2011