ekaterina bazyka market update [sf] fort lauderdale 33301

8/4/2019 Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301

http://slidepdf.com/reader/full/ekaterina-bazyka-market-update-sf-fort-lauderdale-33301 1/11

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]

FORT LAUDERDALE, 333

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



Median List Price

Median Lot Size

18.6

Percent Relisted (reset DOM)

2095

2.0

5 %

Median Number of Bathrooms

194

Inventory of Properties Listed

$ 130

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 285,000

34 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

8 %

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

15 274452

1652.0 34

3.0

71

183

3.0 844

165

53

66

0.25 - 0.50acre

43

$ 210,000

79

36

845

4.0

6,501 -8,000 sqft

402.5

13576,501 -

8,000 sqft

844

$ 98,000

4.0

261

8,001 -10,000 sqft$ 390,000

5.0$ 1,058,500

24

83

2641

The Market Action Index has beenbasically flat recently, and days-on-market decreasing, there are notstrong signals for the direction of themarket.

Monday September 19, 2011

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

844

1857

2.0

The median list price in FORTLAUDERDALE, FL this week is

$285,000. The 3377 properties havebeen on the market for an average of194 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±+

== ≠≠

≠=

FOLAUDERDALE

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

3377

$ 29,999,137

$ 16,800

$ 622,614

33

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.

of 11

Single Family Home




City OverviewFO

LAUDERDALE


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

of 11

Single Family Hom




City OverviewFO

LAUDERDALE


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.


of 11

Single Family Hom




City OverviewFO

LAUDERDALE


Market Action IndexThe FORT LAUDERDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 18.61. 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 Buyer’sAdvantage 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.

of 11

Single Family Hom




City OverviewFO

LAUDERDALE


Days on MarketThe properties have been on the market for an average of 194 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.


of 11

Single Family Hom



Median List Price

Median Lot Size

11.9

Percent Relisted (reset DOM)

3335

3.5

6 %

Median Number of Bathrooms

318

Inventory of Properties Listed

$ 490

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 1,595,000

26 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

6 %

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

9 18661

2093.0 45

3.0

2

310

3.0 35

273

3

3

0.25 - 0.50acre

62

$ 1,199,000

1

0

35

6.8

0.25 - 0.50acre

14.8

19316,501 -

8,000 sqft

34

$ 599,000

4.0

485

0.25 - 0.50acre$ 2,272,500

6.0$ 5,947,500

22

0

4310

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



34

2816

2.0

The median list price in FORTLAUDERDALE, FL 33301 this week is

$1,595,000. The 138 properties havebeen on the market for an average of318 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±+

== ≠≠

≠=

FOLAUDERDALE

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

138

$ 20,000,000

$ 249,900

$ 2,685,225

36

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.

of 11

Single Family Home




Neighborhood DetailFO

LAUDERDALE


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.


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.


of 11

Single Family Hom





LAUDERDALE


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.


of 11

Single Family Hom





LAUDERDALE


Market Action IndexThe FORT LAUDERDALE, 33301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 11.89. With several months of inventory available at the current sales rate, buyers should find amplechoice.

Buyers/Sellers Cutoff90-day Average

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


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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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

age 10 of 11

Single Family Hom





LAUDERDALE

Monday September 19 2011

Days on MarketThe properties have been on the market for an average of 318 days. Half of the listings have come newly on the market in thepast 228 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.


of 11

Single Family Hom

ekaterina bazyka market update [sf] fort lauderdale 33301

Documents