ekaterina bazyka, miami realtor market update [condo] fort lauderdale 33301 week of september 5th...
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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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 05, 2011
Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]
FORT LAUDERDALE,333
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
2/11
Median List Price
21.0
Percent Relisted (reset DOM)
1320
2.0
5 %
Median Number of Bathrooms
210
Inventory of Properties Listed
$ 91
Percent Flip (price increased)
Median House Size (sq ft)
$ 115,995
23 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
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
10 271914
1782.0 29
2.0
64
217
2.0 888
177
45
64
34
$ 79,900
80
23
888
2.0
502.0
1000
887
$ 33,998
2.0
267
$ 165,000
2.0$ 489,000
24
70
1350
The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
887
1225
2.0
The median list price in FORTLAUDERDALE, FL this week is
$115,995. The 3550 properties havebeen on the market for an average of210 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+
==
=
FOLAUDERDALE
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
3550
$ 9,750,000
$ 10,890
$ 244,354
26
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.
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Condos & Townhome
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.
90-day Average7-day Average
Quartile PricesPrices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often thiscondition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is stillrelatively short. Buyers are focusing on the lowest price homes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 11
Condos & Townhom
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
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 11
Condos & Townhom
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Market Action IndexThe FORT LAUDERDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.05. 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
Condos & Townhom
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Days on MarketThe properties have been on the market for an average of 210 days. Half of the listings have come newly on the market in thepast 133 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
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Median List Price
17.4
Percent Relisted (reset DOM)
1622
2.0
6 %
Median Number of Bathrooms
224
Inventory of Properties Listed
$ 236
Percent Flip (price increased)
Median House Size (sq ft)
$ 359,950
21 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
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
6 43150
2042.0 7
1.0
3
242
2.0 57
183
2
7
10
$ 289,000
3
0
57
3.5
22.0
1211
57
$ 164,000
2.0
266
$ 499,000
3.0$ 899,000
7
3
1878
Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
57
1246
1.0
The median list price in FORTLAUDERDALE, FL 33301 this week is
$359,950. The 228 properties havebeen on the market for an average of224 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+
==
=
FOLAUDERDALE
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
228
$ 3,995,000
$ 89,900
$ 515,191
16
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
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Condos & Townhome
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 2011
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out ofthat cycle.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 3 has beendeclining in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the boardmove from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Condos & Townhom
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 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 relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Condos & Townhom
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 2011
Market Action IndexThe FORT LAUDERDALE, 33301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.39. 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.
age 10 of 11
Condos & Townhom
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8/4/2019 Ekaterina Bazyka, Miami Realtor Market Update [Condo] FORT Lauderdale 33301 Week of September 5th 20011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 2011
Days on MarketThe properties have been on the market for an average of 224 days. Half of the listings have come newly on the market in thepast 161 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