Professional Documents
Culture Documents
Current Real Estate Market Conditions for Single Family Homes Trends in Pricing Current Levels of Supply and Demand Value Metrics
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
City Overview
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
MIAMI BEACH, FL
This Week
The median list price in MIAMI BEACH, FL this week is $1,462,500. The 394 properties have been on the market for an average of 260 days.
Median List Price Average List Price
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 Lot Size Median Number of Bedrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
0.50 - 1.0 acre 0.25 - 0.50 acre 6,501 8,000 sqft 4,501 6,500 sqft
56 60 66 63
98 98 99 99
3 4 4 6
2 4 6 6
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Page 2 of 11
City Overview
MIAMI BEACH, FL
Median Price
Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run recently.
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 11
City Overview
MIAMI BEACH, FL
7-day Average
90-day Average
7-day Average
90-day Average
Page 4 of 11
City Overview
MIAMI BEACH, FL
90-day Average
Buyers/Sellers Cutoff
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 11
City Overview
MIAMI BEACH, FL
Days on Market
The properties have been on the market for an average of 260 days. Half of the listings have come newly on the market in the past 210 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 6 of 11
Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
This Week
The median list price in MIAMI BEACH, FL 33154 this week is $699,900. The 65 properties have been on the market for an average of 303 days.
Median List Price Average List Price
Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing
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.
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 Lot Size Median Number of Bedrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
0.25 - 0.50 acre 8,001 10,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft
52 58 62 62
16 16 16 17
0 1 0 1
1 0 1 0
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Page 7 of 11
Neighborhood Detail
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 8 of 11
Neighborhood Detail
7-day Average
90-day Average
7-day Average
90-day Average
Page 9 of 11
Neighborhood Detail
90-day Average
Buyers/Sellers Cutoff
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 11
Neighborhood Detail
Days on Market
The properties have been on the market for an average of 303 days. Half of the listings have come newly on the market in the past 231 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 11 of 11