luxury homes-fort lauderdale 33301 market update sept 5th 2011

8/4/2019 Luxury Homes-FORT Lauderdale 33301 Market update Sept 5th 2011

http://slidepdf.com/reader/full/luxury-homes-fort-lauderdale-33301-market-update-sept-5th-2011 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 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



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.

of 11

Single Family Home




City OverviewFO

LAUDERDALE


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

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 18.74. 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.


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 202 days. Half of the listings have come newly on the market in thepast 126 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

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.



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.

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 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.


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 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.


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 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.


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 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.


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

luxury homes-fort lauderdale 33301 market update sept 5th 2011

Documents