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Ekaterina Bazyka's MARKET UPDATE

MIAMI, FL

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 19, 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

City Overview
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL

This Week
The median list price in MIAMI, FL this week is $210,000. The 5322 properties have been on the market for an average of 213 days.
Median List Price Average List Price

Real-Time Market Profile


$ 210,000 $ 329,108 $ 179 213 5322 $ 14,500,000 $ 12,000 19 15 % 4% 5% 1179 2.0 2.0

Trend
+ + == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 24.3 == 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

$ 560,000 $ 285,000 $ 149,500 $ 62,000

1694 1180 1111 898

2.0 2.0 2.0 2.0

3.0 2.0 2.0 2.0

6 6 23 38

1330 1330 1331 1331

54 68 114 159

37 59 106 138

259 222 190 179

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

Page 2 of 241

Monday September 19, 2011

City Overview

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices
Prices 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 241

Monday September 19, 2011

City Overview

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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

Page 4 of 241

Monday September 19, 2011

City Overview

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL

Market Action Index


The MIAMI market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.35 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than the others. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on the premium homes.

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 241

Monday September 19, 2011

City Overview

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL

Days on Market
The properties have been on the market for an average of 213 days. Half of the listings have come newly on the market in the past 147 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

Page 6 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33129

This Week
The median list price in MIAMI, FL 33129 this week is $350,000. The 196 properties have been on the market for an average of 246 days.
Median List Price Average List Price

Real-Time Market Profile


$ 350,000 $ 573,763 $ 288 246 196 $ 6,000,000 $ 88,900 24 19 % 3% 3% 1316 2.0 2.0

Trend
+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 17.6 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

$ 750,000 $ 425,000 $ 295,000 $ 200,290

2146 1460 986 919

3.0 2.0 2.0 1.0

3.0 2.0 2.0 2.0

14 30 28 36

49 49 49 49

4 3 1 6

3 1 0 2

329 239 208 206

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

Page 7 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33129

Median Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 8 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33129

Price per Square Foot


Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 9 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33129

Market Action Index


The MIAMI, 33129 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.55. 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 10 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33129

Days on Market
The properties have been on the market for an average of 246 days. Half of the listings have come newly on the market in the past 178 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

Page 11 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33128

This Week
The median list price in MIAMI, FL 33128 this week is $67,500. The 12 properties have been on the market for an average of 169 days.
Median List Price Average List Price

Real-Time Market Profile


$ 67,500 $ 81,475 $ 113 169 12 $ 150,000 $ 25,900 26 17 % 8% 0% 708 1.5 1.0

Trend
+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


In a Buyer's market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 14.7 + 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

$ 146,900 $ 87,000 $ 64,000 $ 40,000

984 510 637 715

2.0 1.0 1.0 2.0

2.0 1.0 1.0 1.0

4 4 36 40

3 3 3 3

0 0 0 1

0 0 0 0

65 161 224 226

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

Page 12 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33128

Median Price
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolutehigh level. 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.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 13 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33128

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 14 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33128

Market Action Index


The MIAMI, 33128 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 14.71. 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 15 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33128

Days on Market
The properties have been on the market for an average of 169 days. Half of the listings have come newly on the market in the past 88 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

Page 16 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33137

This Week
The median list price in MIAMI, FL 33137 this week is $281,010. The 222 properties have been on the market for an average of 246 days.
Median List Price Average List Price

Real-Time Market Profile


$ 281,010 $ 284,433 $ 277 246 222 $ 1,350,000 $ 37,000 10 5% 9% 8% 1020 2.0 2.0

Trend
== == == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

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 20.9 == 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

$ 412,000 $ 297,000 $ 224,500 $ 139,500

1368 1033 858 757

2.0 2.0 1.0 1.0

2.0 2.0 1.5 1.0

4 4 4 34

55 55 56 56

5 0 0 4

0 2 1 6

281 210 241 252

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

Page 17 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33137

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 18 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33137

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 19 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33137

Market Action Index


The MIAMI, 33137 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.89. 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 20 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33137

Days on Market
The properties have been on the market for an average of 246 days. Half of the listings have come newly on the market in the past 196 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

Page 21 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33136

This Week
The median list price in MIAMI, FL 33136 this week is $79,500. The 32 properties have been on the market for an average of 129 days.
Median List Price Average List Price

Real-Time Market Profile


$ 79,500 $ 204,609 $ 99 129 32 $ 899,000 $ 33,000 18 12 % 3% 6% 902 2.0 2.0

Trend
==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 22.4 == 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

$ 692,000 $ 90,000 $ 72,000 $ 43,500

2157 848 1037 736

3.0 2.0 2.0 1.5

4.0 2.0 2.0 1.0

4 22 6 36

8 8 8 8

0 1 1 0

0 2 2 1

136 109 84 186

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

Page 22 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33136

Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 23 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33136

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 24 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33136

Market Action Index


The MIAMI, 33136 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.39. 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 25 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33136

Days on Market
The properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in the past 108 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

Page 26 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33135

This Week
The median list price in MIAMI, FL 33135 this week is $119,000. The 17 properties have been on the market for an average of 128 days.
Median List Price Average List Price

Real-Time Market Profile


$ 119,000 $ 146,071 $ 132 128 17 $ 330,000 $ 39,900 12 12 % 0% 0% 830 2.0 2.0

Trend
== == + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.

Altos Research Value Statistics


Market Action Index Seller's Advantage 30.2 + 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

$ 269,500 $ 162,500 $ 119,000 $ 65,000

2198 812 984 640

3.0 1.5 2.0 2.0

4.0 1.5 2.0 1.0

3 22 3 14

4 4 4 5

1 0 0 1

0 0 0 0

58 100 206 146

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

Page 27 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33135

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 in general over the last several weeks.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 28 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33135

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 29 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33135

Market Action Index


The MIAMI, 33135 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.18 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 30 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33135

Days on Market
The properties have been on the market for an average of 128 days. Half of the listings have come newly on the market in the past 91 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

Page 31 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33134

This Week
The median list price in MIAMI, FL 33134 this week is $110,000. The 18 properties have been on the market for an average of 172 days.
Median List Price Average List Price

Real-Time Market Profile


$ 110,000 $ 185,994 $ 125 172 18 $ 384,999 $ 44,000 15 17 % 0% 0% 970 2.0 2.0

Trend
+ == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 24.7 == 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

$ 377,000 $0 $ 107,000 $ 65,000

2200 1265 948 699

3.0 2.5 2.0 1.0

3.5 2.0 2.0 2.0

2 4 5 6

4 4 5 5

2 0 1 0

0 3 0 1

0 158 122 108

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

Page 32 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33134

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 33 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33134

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

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

Page 34 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33134

Market Action Index


The MIAMI, 33134 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.67 so buyers should expect to find reasonable levels of selection.

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 35 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33134

Days on Market
The properties have been on the market for an average of 172 days. Half of the listings have come newly on the market in the past 168 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

Page 36 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33133

This Week
The median list price in MIAMI, FL 33133 this week is $459,000. The 125 properties have been on the market for an average of 236 days.
Median List Price Average List Price

Real-Time Market Profile


$ 459,000 $ 731,657 $ 301 236 125 $ 14,500,000 $ 12,900 19 18 % 4% 3% 1590 2.0 2.0

Trend
+ +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 20.0 == 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

$ 1,300,000 $ 580,000 $ 389,000 $ 105,000

2607 1882 1200 622

3.0 2.0 2.0 1.0

4.0 3.0 2.0 1.0

10 15 9 29

31 31 31 32

3 1 3 6

2 2 1 5

278 238 267 164

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

Page 37 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33133

Median Price
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.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 38 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33133

Price per Square Foot


Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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

Page 39 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33133

Market Action Index


The MIAMI, 33133 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.99. 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


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 40 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33133

Days on Market
The properties have been on the market for an average of 236 days. Half of the listings have come newly on the market in the past 189 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

Page 41 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33132

This Week
The median list price in MIAMI, FL 33132 this week is $375,112. The 380 properties have been on the market for an average of 249 days.
Median List Price Average List Price

Real-Time Market Profile


$ 375,112 $ 473,959 $ 325 249 380 $ 4,400,000 $ 49,000 7 17 % 8% 9% 1207 2.0 2.0

Trend
+ + == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 17.6 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

$ 749,000 $ 440,000 $ 299,999 $ 189,000

1789 1315 1084 800

2.0 2.0 1.0 1.0

3.0 2.0 2.0 1.0

3 4 4 4

95 95 95 95

4 5 6 9

1 2 2 6

293 234 255 213

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

Page 42 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33132

Median Price
In the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 43 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33132

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 44 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33132

Market Action Index


The MIAMI, 33132 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.57. 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 45 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33132

Days on Market
The properties have been on the market for an average of 249 days. Half of the listings have come newly on the market in the past 186 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

Page 46 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33131

This Week
The median list price in MIAMI, FL 33131 this week is $409,500. The 697 properties have been on the market for an average of 232 days.
Median List Price Average List Price

Real-Time Market Profile


$ 409,500 $ 643,610 $ 394 232 697 $ 8,530,000 $ 15,000 8 12 % 4% 5% 1190 2.0 2.0

Trend
+ == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 20.7 == 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

$ 1,139,500 $ 499,000 $ 350,000 $ 237,000

1931 1306 1000 808

2.0 2.0 1.0 1.0

3.0 2.0 2.0 1.0

6 4 4 5

174 174 174 175

10 5 8 20

7 7 6 13

255 220 245 207

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

Page 47 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33131

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 48 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33131

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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

Page 49 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33131

Market Action Index


The MIAMI, 33131 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.67. 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 50 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33131

Days on Market
The properties have been on the market for an average of 232 days. Half of the listings have come newly on the market in the past 147 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

Page 51 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33130

This Week
The median list price in MIAMI, FL 33130 this week is $325,000. The 269 properties have been on the market for an average of 168 days.
Median List Price Average List Price

Real-Time Market Profile


$ 325,000 $ 337,477 $ 307 168 269 $ 950,000 $ 14,900 5 13 % 2% 7% 1083 2.0 2.0

Trend
== == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.

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 18.4 == 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

$ 527,500 $ 399,000 $ 265,000 $ 146,750

1359 1119 1040 776

2.0 2.0 2.0 1.0

2.0 2.0 2.0 1.0

1 1 3 6

67 67 67 68

0 1 5 8

0 2 4 7

133 145 156 235

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

Page 52 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33130

Median Price
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 53 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33130

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 54 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33130

Market Action Index


The MIAMI, 33130 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.41. 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 55 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33130

Days on Market
The properties have been on the market for an average of 168 days. Half of the listings have come newly on the market in the past 126 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

Page 56 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33138

This Week
The median list price in MIAMI, FL 33138 this week is $186,500. The 110 properties have been on the market for an average of 189 days.
Median List Price Average List Price

Real-Time Market Profile


$ 186,500 $ 248,168 $ 136 189 110 $ 1,450,000 $ 32,000 32 15 % 5% 4% 1312 2.0 2.0

Trend
== +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 19.0 == 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

$ 398,985 $ 220,000 $ 149,900 $ 95,000

1913 1312 1312 878

2.0 2.0 2.0 2.0

3.0 2.0 2.0 1.0

29 29 30 43

27 27 28 28

0 1 2 3

1 0 2 5

234 206 109 209

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

Page 57 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33138

Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 58 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33138

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

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

Page 59 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33138

Market Action Index


The MIAMI, 33138 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.04. 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 60 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33138

Days on Market
The properties have been on the market for an average of 189 days. Half of the listings have come newly on the market in the past 112 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

Page 61 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33193

This Week
The median list price in MIAMI, FL 33193 this week is $87,000. The 118 properties have been on the market for an average of 184 days.
Median List Price Average List Price

Real-Time Market Profile


$ 87,000 $ 100,876 $ 79 184 118 $ 270,000 $ 38,000 23 10 % 1% 3% 1000 2.0 2.0

Trend
+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

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


In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altos Research Value Statistics


Market Action Index Seller's Advantage 33.5 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

$ 164,900 $ 105,000 $ 70,000 $ 54,450

1400 1120 946 848

3.0 2.0 2.0 2.0

2.0 2.0 2.0 1.5

20 25 24 25

29 29 30 30

1 5 4 8

2 2 2 2

213 187 146 191

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

Page 62 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33193

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 63 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33193

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 64 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33193

Market Action Index


The MIAMI, 33193 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 33.48 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).

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 65 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33193

Days on Market
The properties have been on the market for an average of 184 days. Half of the listings have come newly on the market in the past 91 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

Page 66 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33194

This Week
The median list price in MIAMI, FL 33194 this week is $182,450. The 18 properties have been on the market for an average of 198 days.
Median List Price Average List Price

Real-Time Market Profile


$ 182,450 $ 195,483 $ 104 198 18 $ 279,900 $ 145,000 7 17 % 0% 6% 1770 3.0 3.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 24.3 + 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

$ 250,000 $ 192,500 $ 180,000 $ 160,000

1839 1934 1770 1678

3.0 3.5 3.0 3.0

3.0 3.0 3.0 3.0

7 7 8 7

4 4 5 5

0 0 1 0

0 0 0 0

201 276 182 148

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

Page 67 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33194

Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 68 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33194

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 69 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33194

Market Action Index


The MIAMI, 33194 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.34 so buyers should expect to find reasonable levels of selection.

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 70 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33194

Days on Market
The properties have been on the market for an average of 198 days. Half of the listings have come newly on the market in the past 133 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

Page 71 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33196

This Week
The median list price in MIAMI, FL 33196 this week is $142,500. The 100 properties have been on the market for an average of 129 days.
Median List Price Average List Price

Real-Time Market Profile


$ 142,500 $ 140,502 $ 102 129 100 $ 347,900 $ 34,311 14 4% 0% 1% 1315 3.0 2.0

Trend
== + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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 Buyer's Advantage 28.7 == 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

$ 222,990 $ 183,990 $ 90,000 $ 59,000

1536 1617 1087 778

3.0 3.0 2.0 1.0

3.0 3.0 2.0 1.0

3 3 21 22

25 25 25 25

0 3 0 2

1 0 4 6

93 88 140 194

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

Page 72 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33196

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 73 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33196

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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 74 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33196

Market Action Index


The MIAMI, 33196 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.72 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 75 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33196

Days on Market
The properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in the past 56 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

Page 76 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33189

This Week
The median list price in MIAMI, FL 33189 this week is $59,600. The 32 properties have been on the market for an average of 169 days.
Median List Price Average List Price

Real-Time Market Profile


$ 59,600 $ 74,284 $ 52 169 32 $ 250,000 $ 25,000 18 6% 3% 3% 993 2.0 2.0

Trend
+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

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


In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altos Research Value Statistics


Market Action Index Seller's Advantage 31.5 == 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

$ 127,000 $0 $ 49,500 $ 39,450

1390 1172 980 760

3.0 3.0 2.0 1.0

2.0 2.0 2.0 1.0

7 16 23 23

8 8 8 8

0 2 2 3

1 2 1 1

296 0 196 0

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

Page 77 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33189

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 78 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33189

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 79 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33189

Market Action Index


The MIAMI, 33189 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.55 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

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 80 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33189

Days on Market
The properties have been on the market for an average of 169 days. Half of the listings have come newly on the market in the past 70 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

Page 81 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33190

This Week
The median list price in MIAMI, FL 33190 this week is $95,000. The 59 properties have been on the market for an average of 169 days.
Median List Price Average List Price

Real-Time Market Profile


$ 95,000 $ 108,836 $ 61 169 59 $ 279,900 $ 25,500 9 10 % 0% 5% 1459 3.0 3.0

Trend
== ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 26.4 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

$ 172,250 $ 125,000 $ 89,000 $ 56,000

1698 1698 1417 1150

3.0 3.0 3.0 2.0

3.0 3.0 3.0 2.0

5 6 5 5

14 15 15 15

0 2 0 0

0 1 0 0

168 187 154 167

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

Page 82 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33190

Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 83 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33190

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 84 of 241

Monday September 19, 2011

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Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33190

Market Action Index


The MIAMI, 33190 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 26.44 so buyers should expect to find reasonable levels of selection.

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 85 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33190

Days on Market
The properties have been on the market for an average of 169 days. Half of the listings have come newly on the market in the past 112 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

Page 86 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33145

This Week
The median list price in MIAMI, FL 33145 this week is $157,875. The 36 properties have been on the market for an average of 187 days.
Median List Price Average List Price

Real-Time Market Profile


$ 157,875 $ 191,257 $ 149 187 36 $0 $ 55,000 14 14 % 6% 3% 1035 2.0 2.0

Trend
+ == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

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


In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altos Research Value Statistics


Market Action Index Seller's Advantage 33.0 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

$ 289,000 $ 174,900 $ 129,000 $ 79,000

1200 1085 1040 710

2.0 2.0 2.0 2.0

2.0 2.0 2.0 1.0

4 8 5 36

9 9 9 9

2 0 3 2

0 2 2 1

240 166 201 141

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

Page 87 of 241

Monday September 19, 2011

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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33145

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 88 of 241

Monday September 19, 2011

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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33145

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 89 of 241

Monday September 19, 2011

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Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33145

Market Action Index


The MIAMI, 33145 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 33.03 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

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 90 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33145

Days on Market
The properties have been on the market for an average of 187 days. Half of the listings have come newly on the market in the past 126 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

Page 91 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33142

This Week
The median list price in MIAMI, FL 33142 this week is $41,000. The 12 properties have been on the market for an average of 192 days.
Median List Price Average List Price

Real-Time Market Profile


$ 41,000 $ 67,908 $ 63 192 12 $ 220,000 $ 12,000 18 0% 0% 0% 678 2.0 1.0

Trend
+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 14.9 + 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

$ 155,000 $0 $0 $ 25,000

678 603 584 818

2.0 2.0 1.0 1.0

1.0 1.0 1.0 1.0

5 20 6 6

3 3 3 3

0 0 1 1

0 0 0 0

0 0 0 0

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

Page 92 of 241

Monday September 19, 2011

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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33142

Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 93 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33142

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 94 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33142

Market Action Index


The MIAMI, 33142 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 14.93. 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 95 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33142

Days on Market
The properties have been on the market for an average of 192 days. Half of the listings have come newly on the market in the past 116 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

Page 96 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33144

This Week
The median list price in MIAMI, FL 33144 this week is $85,000. The 5 properties have been on the market for an average of 91 days.
Median List Price Average List Price

Real-Time Market Profile


$ 85,000 $ 91,000 $ 108 91 5 $ 135,000 $ 56,000 33 20 % 0% 0% 780 2.0 1.0

Trend
== == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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 15.3 + 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

$ 135,000 $ 119,000 $ 85,000 $ 58,000

622 934 780 809

1.0 2.0 2.0 1.5

1.0 2.0 2.0 1.0

46 5 38 38

1 1 1 2

0 0 0 0

0 0 0 0

0 224 49 84

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

Page 97 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33144

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 in general over the last several weeks.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 98 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33144

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 99 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33144

Market Action Index


The MIAMI, 33144 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.29. 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 100 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33144

Days on Market
The properties have been on the market for an average of 91 days. Half of the listings have come newly on the market in the past 49 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

Page 101 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33143

This Week
The median list price in MIAMI, FL 33143 this week is $169,900. The 89 properties have been on the market for an average of 244 days.
Median List Price Average List Price

Real-Time Market Profile


$ 169,900 $ 257,126 $ 159 244 89 $ 1,150,000 $ 29,900 26 15 % 0% 4% 1010 2.0 2.0

Trend
+ == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 23.2 == 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

$ 409,450 $ 249,250 $ 122,500 $ 60,000

2196 1328 786 700

3.0 2.0 2.0 1.0

3.0 2.0 1.0 1.0

3 4 42 44

22 22 22 23

3 1 2 4

2 0 4 2

417 157 229 175

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

Page 102 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33143

Median Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 103 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33143

Price per Square Foot


Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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

Page 104 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33143

Market Action Index


The MIAMI, 33143 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 23.22 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 105 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33143

Days on Market
The properties have been on the market for an average of 244 days. Half of the listings have come newly on the market in the past 210 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

Page 106 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33126

This Week
The median list price in MIAMI, FL 33126 this week is $80,000. The 112 properties have been on the market for an average of 199 days.
Median List Price Average List Price

Real-Time Market Profile


$ 80,000 $ 92,415 $ 93 199 112 $ 330,000 $ 31,500 26 5% 2% 4% 870 2.0 2.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

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


In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altos Research Value Statistics


Market Action Index Seller's Advantage 32.8 == 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

$ 145,000 $ 88,500 $ 69,950 $ 47,500

1068 918 868 605

2.0 2.0 2.0 1.0

2.0 2.0 2.0 1.0

21 14 23 39

28 28 28 28

7 2 4 15

3 1 2 1

200 151 0 0

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

Page 107 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33126

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 108 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33126

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 109 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33126

Market Action Index


The MIAMI, 33126 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 32.79 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


The lowest-end of this zip code (Quartile 4) is the only segment in the Buyer's Market zone with several months of inventory given the current levels of demand. The rest of the market is showing demand strength in the Seller's Market zone.

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 110 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33126

Days on Market
The properties have been on the market for an average of 199 days. Half of the listings have come newly on the market in the past 98 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

Page 111 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33125

This Week
The median list price in MIAMI, FL 33125 this week is $94,000. The 51 properties have been on the market for an average of 197 days.
Median List Price Average List Price

Real-Time Market Profile


$ 94,000 $ 106,880 $ 107 197 51 $ 388,687 $ 25,000 21 18 % 4% 8% 899 2.0 2.0

Trend
== == == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

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 Buyer's Advantage 27.2 == 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

$ 172,450 $0 $ 70,000 $ 49,990

1000 901 900 667

2.0 2.0 2.0 1.0

2.0 2.0 2.0 1.0

6 6 25 29

12 13 13 13

0 2 1 1

0 1 4 0

305 215 0 156

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

Page 112 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33125

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 113 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33125

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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

Page 114 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33125

Market Action Index


The MIAMI, 33125 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.24 so buyers should expect to find reasonable levels of selection.

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 115 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33125

Days on Market
The properties have been on the market for an average of 197 days. Half of the listings have come newly on the market in the past 98 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

Page 116 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33178

This Week
The median list price in MIAMI, FL 33178 this week is $225,000. The 252 properties have been on the market for an average of 161 days.
Median List Price Average List Price

Real-Time Market Profile


$ 225,000 $ 242,133 $ 150 161 252 $ 695,000 $ 85,000 12 19 % 4% 6% 1516 3.0 3.0

Trend
== == == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

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 Buyer's Advantage 25.4 == 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

$ 364,000 $ 249,945 $ 200,000 $ 144,900

1975 1528 1516 1105

3.0 3.0 3.0 2.0

3.0 3.0 3.0 2.0

7 6 11 13

63 63 63 63

7 6 6 3

2 5 6 8

118 182 150 193

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

Page 117 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33178

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 118 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33178

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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

Page 119 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33178

Market Action Index


The MIAMI, 33178 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.41 so buyers should expect to find reasonable levels of selection.

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 120 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33178

Days on Market
The properties have been on the market for an average of 161 days. Half of the listings have come newly on the market in the past 119 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

Page 121 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33179

This Week
The median list price in MIAMI, FL 33179 this week is $64,900. The 257 properties have been on the market for an average of 205 days.
Median List Price Average List Price

Real-Time Market Profile


$ 64,900 $ 76,692 $ 57 205 257 $ 339,000 $ 12,900 36 17 % 2% 6% 1036 2.0 2.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 22.3 == 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

$ 127,000 $ 74,700 $ 55,000 $ 39,000

1228 1192 985 885

2.0 2.0 2.0 1.0

2.0 2.0 2.0 1.0

31 41 42 42

64 64 64 65

0 2 5 4

0 2 6 3

263 200 168 190

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

Page 122 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33179

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 123 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33179

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 124 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33179

Market Action Index


The MIAMI, 33179 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.29. 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 125 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33179

Days on Market
The properties have been on the market for an average of 205 days. Half of the listings have come newly on the market in the past 140 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

Page 126 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33177

This Week
The median list price in MIAMI, FL 33177 this week is $95,000. The 37 properties have been on the market for an average of 190 days.
Median List Price Average List Price

Real-Time Market Profile


$ 95,000 $ 97,414 $ 75 190 37 $ 180,000 $ 40,000 16 16 % 5% 0% 1265 3.0 3.0

Trend
+ == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 25.6 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

$ 145,000 $ 100,000 $ 84,900 $0

1380 1265 1270 996

3.0 3.0 3.0 2.0

3.0 3.0 3.0 2.0

14 14 13 14

9 9 9 10

0 1 2 3

0 1 1 0

153 205 0 187

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

Page 127 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33177

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 128 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33177

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 129 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33177

Market Action Index


The MIAMI, 33177 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.63 so buyers should expect to find reasonable levels of selection.

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 130 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33177

Days on Market
The properties have been on the market for an average of 190 days. Half of the listings have come newly on the market in the past 154 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

Page 131 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33150

This Week
The median list price in MIAMI, FL 33150 this week is $0. The 11 properties have been on the market for an average of 161 days.
Median List Price Average List Price

Real-Time Market Profile


$0 $ 37,273 $ 45 161 11 $ 75,000 $ 25,000 44 18 % 0% 0% 930 2.0 1.0

Trend
== + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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 8.7 == 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

$0 $ 40,000 $ 25,000 $ 25,000

1535 1035 439 440

4.0 2.0 1.0 1.0

2.5 1.0 1.0 1.0

31 37 55 55

2 3 3 3

0 1 0 0

0 1 0 1

0 75 119 145

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

Page 132 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33150

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 133 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33150

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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 134 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33150

Market Action Index


The MIAMI, 33150 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 8.73. 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 135 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33150

Days on Market
The properties have been on the market for an average of 161 days. Half of the listings have come newly on the market in the past 126 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

Page 136 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33182

This Week
The median list price in MIAMI, FL 33182 this week is $125,000. The 9 properties have been on the market for an average of 154 days.
Median List Price Average List Price

Real-Time Market Profile


$ 125,000 $ 154,278 $ 93 154 9 $ 350,000 $ 83,500 16 0% 0% 0% 1300 3.0 2.0

Trend
+ + +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 21.2 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

$ 289,500 $ 152,000 $ 118,500 $ 90,000

1498 1495 1428 970

3.0 3.5 2.5 2.0

2.0 2.5 3.0 2.0

20 16 14 15

2 2 2 3

0 0 0 0

0 0 1 0

144 196 231 82

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

Page 137 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33182

Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 138 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33182

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 139 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33182

Market Action Index


The MIAMI, 33182 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.16. 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 140 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33182

Days on Market
The properties have been on the market for an average of 154 days. Half of the listings have come newly on the market in the past 175 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

Page 141 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33183

This Week
The median list price in MIAMI, FL 33183 this week is $97,000. The 102 properties have been on the market for an average of 202 days.
Median List Price Average List Price

Real-Time Market Profile


$ 97,000 $ 111,687 $ 89 202 102 $ 279,999 $ 53,500 31 18 % 4% 1% 1165 2.0 2.0

Trend
+ == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 28.7 == 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

$ 175,000 $ 114,000 $ 86,346 $ 67,950

1320 1248 1108 920

3.0 3.0 2.0 2.0

3.0 2.0 2.0 2.0

30 34 30 36

25 25 26 26

1 2 2 4

4 2 3 4

254 150 195 209

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

Page 142 of 241

Monday September 19, 2011

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Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33183

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 143 of 241

Monday September 19, 2011

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Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33183

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 144 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33183

Market Action Index


The MIAMI, 33183 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.71 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 145 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33183

Days on Market
The properties have been on the market for an average of 202 days. Half of the listings have come newly on the market in the past 158 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

Page 146 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33180 Aventura


Real-Time Market Profile Trend
$ 385,000 $ 524,443 $ 255 252 725 $ 12,000,000 $ 50,000 18 21 % 4% 5% 1505 2.0 2.0 + == ==

This Week
The median list price in MIAMI, FL 33180 - Aventura this week is $385,000. The 725 properties have been on the market for an average of 252 days. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications 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 17.3 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

$ 789,900 $ 450,000 $ 314,900 $ 175,000

2640 1686 1340 1092

3.0 2.0 2.0 2.0

3.0 2.0 2.0 2.0

11 11 21 29

181 181 181 182

4 3 5 8

2 4 13 12

294 269 250 194

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

Page 147 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33180 Aventura

Median Price
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 148 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33180 Aventura

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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 149 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33180 Aventura

Market Action Index


The MIAMI, 33180 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.26. 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 150 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33180 Aventura

Days on Market
The properties have been on the market for an average of 252 days. Half of the listings have come newly on the market in the past 175 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

Page 151 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33181

This Week
The median list price in MIAMI, FL 33181 this week is $100,000. The 157 properties have been on the market for an average of 209 days.
Median List Price Average List Price

Real-Time Market Profile


$ 100,000 $ 138,880 $ 88 209 157 $ 849,999 $ 32,000 38 18 % 6% 8% 1190 2.0 2.0

Trend
+ == +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs for the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 20.8 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

$ 259,000 $ 130,000 $ 85,000 $ 50,000

1918 1300 963 834

2.0 2.0 1.5 1.0

3.0 2.0 2.0 2.0

36 39 40 40

39 39 39 40

2 4 1 6

1 2 4 2

293 166 200 179

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

Page 152 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33181

Median Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 153 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33181

Price per Square Foot


Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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

Page 154 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33181

Market Action Index


The MIAMI, 33181 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.80. 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 155 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33181

Days on Market
The properties have been on the market for an average of 209 days. Half of the listings have come newly on the market in the past 154 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

Page 156 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33186

This Week
The median list price in MIAMI, FL 33186 this week is $130,000. The 145 properties have been on the market for an average of 171 days.
Median List Price Average List Price

Real-Time Market Profile


$ 130,000 $ 139,817 $ 98 171 145 $ 415,000 $ 45,000 19 17 % 3% 3% 1240 3.0 2.0

Trend
+

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 29.8 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

$ 207,000 $ 150,000 $ 110,000 $ 83,000

1670 1473 1150 978

3.0 3.0 2.0 2.0

3.0 2.0 2.0 2.0

8 18 24 24

36 36 36 37

2 4 6 3

1 2 1 6

222 156 116 190

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

Page 157 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33186

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 158 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33186

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 159 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33186

Market Action Index


The MIAMI, 33186 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 29.79 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 160 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33186

Days on Market
The properties have been on the market for an average of 171 days. Half of the listings have come newly on the market in the past 112 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

Page 161 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33184

This Week
The median list price in MIAMI, FL 33184 this week is $107,450. The 6 properties have been on the market for an average of 265 days.
Median List Price Average List Price

Real-Time Market Profile


$ 107,450 $ 122,483 $ 78 265 6 $ 230,000 $ 60,000 19 17 % 0% 0% 1210 2.0 2.0

Trend
== == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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 Buyer's Advantage 29.6 == 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

$ 230,000 $ 145,000 $ 107,450 $ 72,500

1150 1250 1492 1034

2.0 2.0 3.0 2.0

2.0 2.0 3.0 2.0

7 27 16 26

1 1 2 2

0 0 0 0

1 0 0 2

224 0 0 0

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

Page 162 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33184

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 163 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33184

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 164 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33184

Market Action Index


The MIAMI, 33184 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 29.59 so buyers should expect to find reasonable levels of selection.

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 165 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33184

Days on Market
The properties have been on the market for an average of 265 days. Half of the listings have come newly on the market in the past 262 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

Page 166 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33185

This Week
The median list price in MIAMI, FL 33185 this week is $176,000. The 24 properties have been on the market for an average of 173 days.
Median List Price Average List Price

Real-Time Market Profile


$ 176,000 $ 173,483 $ 103 173 24 $ 370,000 $ 39,900 10 8% 4% 4% 1680 3.0 3.0

Trend
+

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 27.9 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

$ 217,500 $ 182,450 $ 169,000 $ 106,250

1901 1710 1710 1260

4.0 3.0 3.0 2.5

3.0 3.0 3.0 2.0

4 7 8 18

6 6 6 6

0 1 1 1

0 1 0 1

299 206 0 112

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

Page 167 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33185

Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 168 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33185

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

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

Page 169 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33185

Market Action Index


The MIAMI, 33185 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.89 so buyers should expect to find reasonable levels of selection.

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 170 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33185

Days on Market
The properties have been on the market for an average of 173 days. Half of the listings have come newly on the market in the past 154 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

Page 171 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33156

This Week
The median list price in MIAMI, FL 33156 this week is $220,000. The 111 properties have been on the market for an average of 252 days.
Median List Price Average List Price

Real-Time Market Profile


$ 220,000 $ 230,418 $ 192 252 111 $ 599,000 $ 40,000 16 15 % 8% 2% 1150 2.0 2.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 21.0 + 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

$ 399,000 $ 256,187 $ 177,500 $ 87,250

1498 1212 949 854

3.0 2.0 1.0 1.0

2.0 2.0 1.0 1.0

5 4 5 40

27 28 28 28

3 1 1 3

0 0 0 3

180 256 341 228

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

Page 172 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33156

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 173 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33156

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 174 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33156

Market Action Index


The MIAMI, 33156 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.98. 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 175 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33156

Days on Market
The properties have been on the market for an average of 252 days. Half of the listings have come newly on the market in the past 154 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

Page 176 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33155

This Week
The median list price in MIAMI, FL 33155 this week is $141,450. The 42 properties have been on the market for an average of 166 days.
Median List Price Average List Price

Real-Time Market Profile


$ 141,450 $ 162,414 $ 125 166 42 $ 449,900 $ 18,000 31 24 % 0% 0% 1025 2.0 2.0

Trend
==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

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


The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Altos Research Value Statistics


Market Action Index Strong Buyer's 18.4 == 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

$ 292,500 $ 189,500 $ 100,000 $ 49,900

1610 1125 1007 580

3.0 2.5 2.0 1.0

3.0 2.0 2.0 1.0

26 32 30 45

10 10 11 11

1 0 1 2

1 1 2 1

144 213 0 176

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

Page 177 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33155

Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 178 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33155

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 179 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33155

Market Action Index


The MIAMI, 33155 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.40. 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 180 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33155

Days on Market
The properties have been on the market for an average of 166 days. Half of the listings have come newly on the market in the past 94 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

Page 181 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33166

This Week
The median list price in MIAMI, FL 33166 this week is $85,000. The 59 properties have been on the market for an average of 151 days.
Median List Price Average List Price

Real-Time Market Profile


$ 85,000 $ 99,454 $ 95 151 59 $ 390,000 $ 35,000 32 3% 2% 3% 976 2.0 2.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

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


In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altos Research Value Statistics


Market Action Index Seller's Advantage 31.9 == 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

$ 159,850 $ 96,000 $ 75,000 $ 58,000

1060 810 1060 810

2.0 1.0 2.0 1.0

2.0 1.0 2.0 1.0

34 25 41 39

14 15 15 15

1 0 4 4

0 1 4 3

188 95 181 142

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

Page 182 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33166

Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 183 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33166

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 184 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33166

Market Action Index


The MIAMI, 33166 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.87 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).

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 185 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33166

Days on Market
The properties have been on the market for an average of 151 days. Half of the listings have come newly on the market in the past 133 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

Page 186 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33157

This Week
The median list price in MIAMI, FL 33157 this week is $52,000. The 69 properties have been on the market for an average of 195 days.
Median List Price Average List Price

Real-Time Market Profile


$ 52,000 $ 163,516 $ 54 195 69 $ 3,495,000 $ 19,000 27 16 % 1% 1% 914 2.0 2.0

Trend
+ + +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 24.2 == 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

$ 169,900 $ 60,000 $ 45,000 $ 25,500

1364 988 840 734

3.0 2.0 2.0 1.0

3.0 2.0 2.0 1.0

26 36 37 37

17 17 17 18

1 0 2 2

1 1 1 2

198 0 156 226

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

Page 187 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33157

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 188 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33157

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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

Page 189 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33157

Market Action Index


The MIAMI, 33157 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.22 so buyers should expect to find reasonable levels of selection.

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 190 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33157

Days on Market
The properties have been on the market for an average of 195 days. Half of the listings have come newly on the market in the past 112 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

Page 191 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33169

This Week
The median list price in MIAMI, FL 33169 this week is $55,000. The 81 properties have been on the market for an average of 200 days.
Median List Price Average List Price

Real-Time Market Profile


$ 55,000 $ 64,330 $ 54 200 81 $ 151,000 $ 19,000 28 15 % 1% 5% 1137 2.0 2.0

Trend
== ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

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 22.7 == 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

$ 99,950 $ 71,500 $ 44,900 $ 30,000

1419 1252 1036 806

3.0 2.5 2.0 1.0

2.5 2.0 2.0 1.0

5 30 39 39

20 20 20 21

1 1 1 2

1 2 4 3

218 250 176 160

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

Page 192 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33169

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 193 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33169

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 194 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33169

Market Action Index


The MIAMI, 33169 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.68. 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 195 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33169

Days on Market
The properties have been on the market for an average of 200 days. Half of the listings have come newly on the market in the past 133 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

Page 196 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33170

This Week
The median list price in MIAMI, FL 33170 this week is $89,900. The 9 properties have been on the market for an average of 117 days.
Median List Price Average List Price

Real-Time Market Profile


$ 89,900 $ 94,422 $ 53 117 9 $ 169,000 $ 60,000 5 22 % 0% 0% 1660 3.0 2.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 11.2 + 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

$ 147,000 $ 96,500 $ 85,450 $ 62,000

1941 1682 1350 1560

3.5 3.0 3.0 3.0

2.0 2.5 2.0 2.0

4 5 5 5

2 2 2 3

0 0 0 0

0 0 0 0

98 32 343 0

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

Page 197 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33170

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 198 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33170

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 199 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33170

Market Action Index


The MIAMI, 33170 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 11.24. 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 200 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33170

Days on Market
The properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in the past 42 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

Page 201 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33172

This Week
The median list price in MIAMI, FL 33172 this week is $130,000. The 119 properties have been on the market for an average of 190 days.
Median List Price Average List Price

Real-Time Market Profile


$ 130,000 $ 140,579 $ 107 190 119 $ 525,000 $ 43,000 26 14 % 2% 3% 1125 2.0 2.0

Trend
== == + +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.

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


The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.

Altos Research Value Statistics


Market Action Index Seller's Advantage 30.2 == 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

$ 225,000 $ 149,000 $ 99,750 $ 70,000

1340 1208 1112 966

3.0 2.5 2.0 2.0

2.0 2.0 2.0 2.0

5 27 34 38

29 30 30 30

4 1 1 1

1 0 5 4

251 188 167 158

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

Page 202 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33172

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 203 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33172

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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

Page 204 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33172

Market Action Index


The MIAMI, 33172 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.22 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 205 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33172

Days on Market
The properties have been on the market for an average of 190 days. Half of the listings have come newly on the market in the past 147 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

Page 206 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33162

This Week
The median list price in MIAMI, FL 33162 this week is $55,000. The 83 properties have been on the market for an average of 191 days.
Median List Price Average List Price

Real-Time Market Profile


$ 55,000 $ 73,497 $ 62 191 83 $ 679,000 $ 24,000 41 16 % 2% 4% 807 1.0 2.0

Trend
+ + == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 22.9 == 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

$ 89,500 $ 62,000 $ 45,000 $ 35,000

1118 910 742 740

2.0 2.0 1.0 1.0

2.0 2.0 1.0 2.0

40 44 44 42

20 21 21 21

2 0 2 1

2 1 4 3

214 166 229 158

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

Page 207 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33162

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 208 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33162

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 209 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33162

Market Action Index


The MIAMI, 33162 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.86. 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 210 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33162

Days on Market
The properties have been on the market for an average of 191 days. Half of the listings have come newly on the market in the past 119 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

Page 211 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33173

This Week
The median list price in MIAMI, FL 33173 this week is $122,450. The 78 properties have been on the market for an average of 174 days.
Median List Price Average List Price

Real-Time Market Profile


$ 122,450 $ 141,113 $ 94 174 78 $ 549,000 $ 34,000 33 23 % 1% 5% 1360 2.0 2.0

Trend
== +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

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 Buyer's Advantage 28.6 == 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

$ 225,000 $ 154,900 $ 97,450 $ 73,900

1702 1400 1350 1140

3.0 3.0 2.5 2.0

2.0 2.0 2.0 2.0

33 32 32 34

19 19 20 20

1 1 2 6

1 2 5 6

192 213 155 140

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

Page 212 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33173

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 213 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33173

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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 214 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33173

Market Action Index


The MIAMI, 33173 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.59 so buyers should expect to find reasonable levels of selection.

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 215 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33173

Days on Market
The properties have been on the market for an average of 174 days. Half of the listings have come newly on the market in the past 91 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

Page 216 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33161

This Week
The median list price in MIAMI, FL 33161 this week is $45,450. The 62 properties have been on the market for an average of 200 days.
Median List Price Average List Price

Real-Time Market Profile


$ 45,450 $ 61,458 $ 56 200 62 $ 819,000 $ 21,000 39 16 % 2% 2% 816 1.0 1.0

Trend
+ == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 25.8 + 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

$ 75,000 $ 54,900 $ 39,950 $ 30,000

920 760 902 710

2.0 1.0 2.0 1.0

2.0 1.0 2.0 1.0

41 39 38 42

15 15 16 16

1 1 2 2

2 1 0 0

280 165 0 182

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

Page 217 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33161

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 218 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33161

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 219 of 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33161

Market Action Index


The MIAMI, 33161 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.83 so buyers should expect to find reasonable levels of selection.

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 220 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33161

Days on Market
The properties have been on the market for an average of 200 days. Half of the listings have come newly on the market in the past 108 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

Page 221 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33174

This Week
The median list price in MIAMI, FL 33174 this week is $147,450. The 24 properties have been on the market for an average of 186 days.
Median List Price Average List Price

Real-Time Market Profile


$ 147,450 $ 145,900 $ 116 186 24 $ 275,000 $0 24 4% 4% 0% 1099 2.0 2.0

Trend
+ + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Buyer's Advantage 29.9 == 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

$ 215,000 $ 166,950 $ 115,000 $ 79,000

1496 1312 932 952

3.0 3.0 2.0 1.5

2.0 2.0 1.5 2.0

8 10 36 36

6 6 6 6

1 1 1 3

1 1 2 1

0 0 0 0

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

Page 222 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33174

Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 223 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33174

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 224 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33174

Market Action Index


The MIAMI, 33174 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 29.93 so buyers should expect to find reasonable levels of selection.

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 225 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33174

Days on Market
The properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in the past 161 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

Page 226 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33175

This Week
The median list price in MIAMI, FL 33175 this week is $99,000. The 37 properties have been on the market for an average of 143 days.
Median List Price Average List Price

Real-Time Market Profile


$ 99,000 $ 112,814 $ 102 143 37 $ 245,000 $ 54,400 29 11 % 0% 11 % 967 2.0 2.0

Trend
== == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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


The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.

Altos Research Value Statistics


Market Action Index Seller's Advantage 31.1 == 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

$ 170,000 $ 124,900 $ 95,000 $ 62,000

1205 1268 898 898

2.0 3.0 2.0 2.0

2.0 2.0 2.0 2.0

30 31 28 27

9 9 9 10

2 1 2 1

0 1 2 1

92 96 117 255

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

Page 227 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33175

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 in general over the last several weeks.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 228 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33175

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 229 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33175

Market Action Index


The MIAMI, 33175 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.11 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

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 230 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33175

Days on Market
The properties have been on the market for an average of 143 days. Half of the listings have come newly on the market in the past 119 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

Page 231 of 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33176

This Week
The median list price in MIAMI, FL 33176 this week is $79,900. The 89 properties have been on the market for an average of 153 days.
Median List Price Average List Price

Real-Time Market Profile


$ 79,900 $ 106,954 $ 85 153 89 $ 508,000 $ 30,000 36 9% 2% 1% 943 2.0 2.0

Trend
+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

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


In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altos Research Value Statistics


Market Action Index Seller's Advantage 30.6 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

$ 177,000 $ 90,000 $ 70,500 $ 50,000

1296 1036 895 772

2.0 2.0 2.0 1.0

2.0 1.5 2.0 1.0

35 38 38 39

22 22 22 23

1 1 4 4

1 1 3 2

207 114 170 122

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

Page 232 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33176

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 233 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33176

Price per Square Foot


While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 234 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33176

Market Action Index


The MIAMI, 33176 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.61 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile


Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 235 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33176

Days on Market
The properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in the past 77 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

Page 236 241

Monday September 19, 2011

Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

Condos & Townhomes in

MIAMI, FL 33165

This Week
The median list price in MIAMI, FL 33165 this week is $128,950. The 12 properties have been on the market for an average of 96 days.
Median List Price Average List Price

Real-Time Market Profile


$ 128,950 $ 184,200 $ 104 96 12 $ 665,000 $ 45,000 33 25 % 0% 0% 1084 2.0 2.0

Trend
+ == ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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


The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Altos Research Value Statistics


Market Action Index Strong Buyer's 21.8 == 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

$ 445,000 $ 150,000 $ 110,000 $ 49,000

2189 1000 1080 778

3.0 1.0 2.0 2.0

3.0 1.0 3.0 1.0

30 40 31 43

3 3 3 3

0 0 0 0

0 0 0 1

65 219 47 54

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

Page 237 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33165

Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code 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 238 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33165

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average

90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

90-day Average

Page 239 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33165

Market Action Index


The MIAMI, 33165 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.80. 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 240 241

Monday September 19, 2011

Neighborhood Detail

Condos & Townhomes in

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

MIAMI, FL 33165

Days on Market
The properties have been on the market for an average of 96 days. Half of the listings have come newly on the market in the past 60 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

Page 241 of 241

Monday September 19, 2011

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