Ekaterina Bazyka Market Update [SF] MIAMI

8/4/2019 Ekaterina Bazyka Market Update [SF] MIAMI

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MARKET UPDATEEkaterina Bazyka's

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofSeptember 19, 2011

Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]

MIAMI,

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


2/251

Median List Price

Median Lot Size

22.3

Percent Relisted (reset DOM)

1929

2.0

4 %

Median Number of Bathrooms

179

Inventory of Properties Listed

$ 125

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 249,900

25 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %

Percent of Properties with Price Decrease

Strong Buyer's

+

+

+

+

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

28 383190

1682.0 39

3.0

110

161

3.0 998

170

76

101

0.25 - 0.50acre

57

$ 190,000

89

53

999

3.0

6,501 -8,000 sqft

752.0

13206,501 -

8,000 sqft

998

$ 94,900

4.0

216

6,501 -8,000 sqft$ 302,995

4.0$ 670,000

33

116

2174

With inventory and days-on-marketbasically unchanged and the MarketAction Index increasing, the market isnot sending strong directional signalfor the near-term outlook.

Monday September 19, 2011

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

998

1726

2.0

The median list price in MIAMI, FL thisweek is $249,900. The 3993

properties have been on the marketfor an average of 179 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

MIAMI

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

3993

$ 16,500,000

$ 13,000

$ 386,866

40

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

Page 2 of 251

Single Family Home


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City OverviewMIAMI


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

90-day Average7-day Average

Quartile PricesPrices 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 251

Single Family Hom


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City OverviewMIAMI


Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 4 of 251

Single Family Hom


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City OverviewMIAMI


Market Action IndexThe MIAMI market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at22.33. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

changes.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

Page 5 of 251

Single Family Hom


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City OverviewMIAMI


Days on MarketThe properties have been on the market for an average of 179 days. Half of the listings have come newly on the market in thepast 112 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 6 of 251

Single Family Hom


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Median List Price

Median Lot Size

20.9


2590

3.0

0 %


247


$ 217


8,001 - 10,000 sqft


$ 595,000

19 %

4.0

Market Action Index



0 %


Strong Buyer's

+

==

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


21 04751

03.0 74

3.5

1

199

3.0 5

256

0

1

0.25 - 0.50acre

70

$ 499,500

0

0

6

6.0

8,001 -10,000 sqft

04.0

19838,001 -

10,000 sqft

5

$ 315,000

4.0

225

8,001 -10,000 sqft$ 670,000

5.0$ 2,150,000

71

0

3074

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.



5

2432

2.0

The median list price in MIAMI, FL33129 this week is $595,000. The 21







No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


21

$ 16,500,000

$ 230,000

$ 1,543,262

57

Trend Key:


Page 7 of 251

Single Family Home


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Neighborhood DetailMIAMI, FL 33


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.


Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.


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Single Family Hom


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




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Single Family Hom


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Market Action IndexThe MIAMI, 33129 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 20.92. With several months of inventory available at the current sales rate, buyers should find ample choice.


Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.





age 10 of 251

Single Family Hom


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Single Family Hom


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Median List Price

Median Lot Size

17.5


2586

3.0

4 %


228


$ 248


0.25 - 0.50 acre


$ 595,000

17 %

4.0

Market Action Index



6 %


Strong Buyer's

==

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


61 04406

1353.0 72

4.0

1

264

3.0 13

214

2

1

0.50 - 1.0acre

72

$ 465,000

3

1

14

5.0

8,001 -10,000 sqft

04.0

14524,501 -

6,500 sqft

13

$ 107,450

4.0

300

0.25 - 0.50acre$ 1,149,000

5.0$ 3,200,000

60

1

3021

Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.



13

2051

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


53

$ 8,500,000

$ 62,000

$ 1,365,736

66

Trend Key:


age 12 of 251

Single Family Home


13/251




Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.




age 13 of 251

Single Family Hom


14/251




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


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


age 14 of 251

Single Family Hom


15/251











age 15 of 251

Single Family Hom


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age 16 of 251

Single Family Hom


17/251

Median List Price

Median Lot Size

7.7


1913

2.0

0 %


78


$ 64


6,501 - 8,000 sqft


$ 150,000

20 %

3.0

Market Action Index



0 %


Strong Buyer's

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


56 05201

1054.0 75

2.0

0

35

6.0 1

7

0

0

0.50 - 1.0acre

62

$ 150,000

0

0

2

4.0

4,501 -6,500 sqft

02.0

12018,001 -

10,000 sqft

1

$ 75,000

3.0

238

6,501 -8,000 sqft$ 399,000

5.0$ 2,447,000

85

0

1913

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.



1

2446

1.5








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


5

$ 2,447,000

$ 75,000

$ 629,200

68

Trend Key:


age 17 of 251

Single Family Home


18/251




Median PricePrices in this zip code been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle. Watch the Market Action Index for any signs of demand increasing.




age 18 of 251

Single Family Hom


19/251




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




age 19 of 251

Single Family Hom


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age 20 of 251

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age 21 of 251

Single Family Hom


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Median List Price

Median Lot Size

23.5


1690

2.0

6 %


244


$ 120


4,501 - 6,500 sqft


$ 210,000

18 %

3.0

Market Action Index



12 %


Buyer's Advantage

+

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


74 02200

3342.5 83

2.0

0

310

3.0 4

133

1

2

4,501 -6,500 sqft

71

$ 192,000

2

0

5

3.0

4,501 -6,500 sqft

02.5

13614,501 -

6,500 sqft

4

$ 0

3.5

226

4,501 -6,500 sqft$ 262,864

4.0$ 344,000

58

2

1670




4

2000

1.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


17

$ 399,900

$ 70,000

$ 224,590

70

Trend Key:


age 22 of 251

Single Family Home


23/251




Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.




age 23 of 251

Single Family Hom


24/251




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




age 24 of 251

Single Family Hom


25/251




Market Action IndexThe MIAMI, 33135 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 23.55 so buyers should expect to find reasonable levels of selection.







age 25 of 251

Single Family Hom


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age 26 of 251

Single Family Hom


27/251

Median List Price

Median Lot Size

16.7


1523

2.0

0 %


141


$ 150


4,501 - 6,500 sqft


$ 225,000

28 %

3.0

Market Action Index



3 %


Strong Buyer's

+

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


72 01722

1203.0 64

3.0

0

234

3.0 7

0

1

1

4,501 -6,500 sqft

62

$ 209,500

0

0

8

2.0

6,501 -8,000 sqft

12.0

12944,501 -

6,500 sqft

7

$ 157,500

4.0

67

4,501 -6,500 sqft$ 265,000

3.0$ 372,900

72

2

1420

The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.



7

1511

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


29

$ 450,000

$ 94,900

$ 247,466

65

Trend Key:


age 27 of 251

Single Family Home


28/251




Median PriceWe 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.




age 28 of 251

Single Family Hom


29/251




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




age 29 of 251

Single Family Hom


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ge 30 of 251

Single Family Hom


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age 31 of 251

Single Family Hom


32/251

Median List Price

Median Lot Size

17.4


2153

3.0

5 %


197


$ 252


6,501 - 8,000 sqft


$ 493,950

28 %

3.0

Market Action Index



8 %


Strong Buyer's

+

+

+

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


30 03916

1593.0 62

3.0

2

135

3.0 19

197

1

2

0.25 - 0.50acre

61

$ 325,000

1

0

19

5.0

6,501 -8,000 sqft

13.0

13564,501 -

6,500 sqft

19

$ 189,000

4.0

297

6,501 -8,000 sqft$ 775,000

5.0$ 1,475,000

60

1

2816

With inventory and days-on-marketbasically unchanged and the MarketAction Index decreasing, the marketis not sending strong directionalsignal for the near-term outlook.



19

1848

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


76

$ 3,599,000

$ 74,500

$ 765,503

51

Trend Key:


age 32 of 251

Single Family Home


33/251




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




age 33 of 251

Single Family Hom


34/251








age 34 of 251

Single Family Hom


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age 35 of 251

Single Family Hom


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age 36 of 251

Single Family Hom


37/251

Median List Price

Median Lot Size

3.6


1396

2.0

0 %


167


$ 151


4,501 - 6,500 sqft


$ 182,500

17 %

2.5

Market Action Index



0 %


Strong Buyer's

+

+

+

=

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


71 04455

703.5 66

3.5

0

539

4.0 2

74

0

0

4,501 -6,500 sqft

74

$ 182,500

0

0

2

3.0

Less than4,500 sqft

02.0

11314,501 -

6,500 sqft

1

$ 108,750

2.0

175

4,501 -6,500 sqft$ 399,000

3.0$ 675,000

94

0

1453

Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.



1

908

1.5








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


6

$ 675,000

$ 97,500

$ 276,083

74

Trend Key:


age 37 of 251

Single Family Home


38/251








age 38 of 251

Single Family Hom


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40/251











age 40 of 251

Single Family Hom


41/251








age 41 of 251

Single Family Hom


42/251

Median List Price

Median Lot Size

17.9


2153

2.0

4 %


200


$ 187


8,001 - 10,000 sqft


$ 400,000

21 %

3.0

Market Action Index



8 %


Strong Buyer's

+

+

+

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


60 03176

1472.0 63

3.0

3

209

3.0 39

197

1

3

0.25 - 0.50acre

65

$ 340,000

1

1

39

4.0

8,001 -10,000 sqft

23.0

15536,501 -

8,000 sqft

39

$ 169,000

3.0

248

8,001 -10,000 sqft$ 479,000

4.0$ 1,050,000

62

4

2425

With inventory and days-on-marketbasically unchanged and the MarketAction Index decreasing, the marketis not sending strong directionalsignal for the near-term outlook.



38

1908

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


155

$ 3,700,000

$ 39,900

$ 550,673

63

Trend Key:


age 42 of 251

Single Family Home


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age 43 of 251

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age 44 of 251

Single Family Hom


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age 45 of 251

Single Family Hom


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age 46 of 251

Single Family Hom


47/251

Median List Price

Median Lot Size

29.1


2192

3.0

11 %


178


$ 118


4,501 - 6,500 sqft


$ 265,450

15 %

4.0

Market Action Index



6 %


Buyer's Advantage

+

+

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


11 22351

1573.0 14

3.0

1

178

4.0 16

94

0

2

4,501 -6,500 sqft

18

$ 237,000

4

0

16

3.0

4,501 -6,500 sqft

03.0

18764,501 -

6,500 sqft

15

$ 179,000

4.0

290

4,501 -6,500 sqft$ 290,000

4.0$ 349,900

16

5

2360

Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.



15

2144

2.5








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


62

$ 650,000

$ 150,000

$ 270,569

15

Trend Key:


age 47 of 251

Single Family Home


48/251








age 48 of 251

Single Family Hom


49/251






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


age 49 of 251

Single Family Hom


50/251






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





ge 50 of 251

Single Family Hom


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age 51 of 251

Single Family Hom


52/251

Median List Price

Median Lot Size

16.9


2775

3.0

8 %


186


$ 109


4,501 - 6,500 sqft


$ 290,000

23 %

4.0

Market Action Index



0 %


Strong Buyer's

==

+

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 03050

03.0 5

4.0

0

0

4.0 3

154

2

0

6,501 -8,000 sqft

8

$ 289,900

0

0

4

3.0

4,501 -6,500 sqft

03.0

24286,501 -

8,000 sqft

3

$ 237,450

5.0

247

4,501 -6,500 sqft$ 300,000

5.0$ 419,900

6

0

2680

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.



3

2966

3.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


13

$ 490,000

$ 232,900

$ 309,046

6

Trend Key:


age 52 of 251

Single Family Home


53/251




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




age 53 of 251

Single Family Hom


54/251




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




age 54 of 251

Single Family Hom


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age 55 of 251

Single Family Hom


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ge 56 of 251

Single Family Hom


57/251

Median List Price

Median Lot Size

22.9


2156

3.0

5 %


154


$ 113


4,501 - 6,500 sqft


$ 267,200

29 %

4.0

Market Action Index



3 %


Strong Buyer's

+

==

+

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 32653

1852.5 14

3.0

5

108

4.0 40

168

3

4

6,501 -8,000 sqft

22

$ 232,500

5

0

40

3.0

4,501 -6,500 sqft

13.0

17874,501 -

6,500 sqft

39

$ 177,000

4.0

153

4,501 -6,500 sqft$ 290,000

4.0$ 356,990

10

2

2517




39

2083

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


158

$ 3,950,000

$ 115,000

$ 312,842

14

Trend Key:


age 57 of 251

Single Family Home


58/251




Median PriceDespite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's highpoint, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.




age 58 of 251

Single Family Hom


59/251




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




age 59 of 251

Single Family Hom


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ge 60 of 251

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age 61 of 251

Single Family Hom


62/251

Median List Price

Median Lot Size

18.8


2520

3.0

9 %


212


$ 116


0.50 - 1.0 acre


$ 311,000

25 %

4.0

Market Action Index



12 %


Strong Buyer's

==

+

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


15 04758

1203.0 15

3.0

3

197

4.0 23

253

3

5

5.0 - 10acres

18

$ 258,000

1

1

24

4.0

6,501 -8,000 sqft

12.0

18144,501 -

6,500 sqft

23

$ 165,000

4.0

277

1.0 - 2.5acres$ 389,000

4.0$ 699,000

24

5

2881

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.



23

2335

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


93

$ 1,500,000

$ 40,000

$ 417,579

21

Trend Key:


age 62 of 251

Single Family Home


63/251




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




age 63 of 251

Single Family Hom


64/251




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


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


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Single Family Hom


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ge 65 of 251

Single Family Hom


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ge 66 of 251

Single Family Hom


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Median List Price

Median Lot Size

23.2


1792

2.0

8 %


135


$ 89


6,501 - 8,000 sqft


$ 162,950

30 %

3.0

Market Action Index



2 %


Buyer's Advantage

+

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


12 12287

1322.0 38

3.0

3

107

3.0 26

145

3

3

6,501 -8,000 sqft

45

$ 150,000

2

1

26

3.0

8,001 -10,000 sqft

02.0

14716,501 -

8,000 sqft

25

$ 102,450

3.0

154

6,501 -8,000 sqft$ 180,000

4.0$ 250,000

10

3

1951

The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.



25

1732

2.0








No change



==

=

MIAMI, FL 33

Neighborhood Detail


Average List Price


102

$ 415,000

$ 35,000

$ 176,759

28

Trend Key:


age 67 of 251

Single Family Home


68/251




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




ge 68 of 251

Single Family Hom


69/251




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




ge 69 of 251

Single Family Hom


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The Market Action Index (

Documents

Ekaterina Bazyka Market Update [SF] MIAMI