Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011
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Transcript of Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011
8/4/2019 Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011
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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 05, 2011
· Presented by Ekaterina BazykaLuxury Home Specialisthttp://www.luxmiamirealestate.com - [email protected]
FORT LAUDERDALE,333
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
8/4/2019 Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011
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Median List Price
Median Lot Size
18.7
Percent Relisted (reset DOM)
2095
2.0
5 %
Median Number of Bathrooms
202
Inventory of Properties Listed
$ 129
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 280,000
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 244450
1692.0 34
3.0
62
188
3.0 850
178
48
60
0.25 - 0.50acre
44
$ 209,950
80
27
851
4.0
6,501 -8,000 sqft
472.5
13526,501 -
8,000 sqft
850
$ 95,000
4.0
271
8,001 -10,000 sqft$ 389,000
5.0$ 1,050,000
24
73
2644
The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
850
1841
2.0
The median list price in FORTLAUDERDALE, FL this week is
$280,000. The 3401 properties havebeen on the market for an average of202 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
3401
$ 29,999,137
$ 16,800
$ 626,094
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.
Page 2 of 11
Single Family Home
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.
90-day Average7-day Average
Quartile PricesPrices 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
Single Family Hom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 11
Single Family Hom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Market Action IndexThe FORT LAUDERDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 18.74. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the 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.
Page 5 of 11
Single Family Hom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 5, 2011
Days on MarketThe properties have been on the market for an average of 202 days. Half of the listings have come newly on the market in thepast 126 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 11
Single Family Hom
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Median List Price
Median Lot Size
12.3
Percent Relisted (reset DOM)
3444
3.8
7 %
Median Number of Bathrooms
329
Inventory of Properties Listed
$ 487
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 1,595,000
27 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
±+
≠≠
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
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 08798
2193.0 45
3.0
1
307
3.0 35
282
2
0
0.25 - 0.50acre
62
$ 1,200,000
0
0
35
7.0
0.25 - 0.50acre
05.0
19276,501 -
8,000 sqft
35
$ 598,000
4.0
514
0.25 - 0.50acre$ 2,495,000
6.0$ 5,997,500
20
1
4768
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.
Monday September 5, 2011
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
34
2816
2.0
The median list price in FORTLAUDERDALE, FL 33301 this week is
$1,595,000. The 139 properties havebeen on the market for an average of329 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
139
$ 20,000,000
$ 249,900
$ 2,759,466
35
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
Page 7 of 11
Single Family Home
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 2011
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.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see most of the market for this zip code showing price weakness lately. Notice however,that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand hasfallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest pricehomes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
8/4/2019 Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been 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.
90-day Average7-day Average
Page 9 of 11
Single Family Hom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5, 2011
Market Action IndexThe FORT LAUDERDALE, 33301 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 12.31. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the 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
8/4/2019 Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 5 2011
Days on MarketThe properties have been on the market for an average of 329 days. Half of the listings have come newly on the market in thepast 252 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 11
Single Family Hom