Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301
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Transcript of Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301
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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]
FORT LAUDERDALE, 333
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
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8/4/2019 Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301
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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.
Page 2 of 11
Single Family Home
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 19, 2011
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 11
Single Family Hom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
City OverviewFO
LAUDERDALE
Monday September 19, 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 19, 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 18.61. 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.
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 19, 2011
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.
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
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.
Monday September 19, 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 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.
Page 7 of 11
Single Family Home
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8/4/2019 Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 19, 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 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
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8/4/2019 Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 19, 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 9 of 11
Single Family Hom
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
LAUDERDALE
Monday September 19, 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 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.
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
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8/4/2019 Ekaterina Bazyka Market Update [SF] FORT Lauderdale 33301
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Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
Neighborhood DetailFO
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.
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