Ekaterina Bazyka's Executive Summary

Monday September 19, 2011

FORT LAUDERDALE, FL
Condos - Townhomes - TICs

This Week
The median list price in FORT LAUDERDALE, FL 33301 this week is $370,000. The Market Action Index has been trending down recently, but as days-on-market decreases also, there are not strong signals for the direction of the market.

Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms Market Action Index Strong Buyer's $ 370,000 $ 232 221 24 % 7% 5% 1692 2.0 2.0 16.7

Trend +

Supply and Demand

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Price
Market Action Index
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Square Feet Beds Baths

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Age Inventory New Absorbed DOM

$ 899,000 $ 499,000 $ 294,998 $ 164,500

3170 1904 1246 1086

3.0 2.0 2.0 1.0

3.5 2.0 2.0 1.0

6 7 7 10

57 57 58 58

3 2 5 2

0 2 4 2

276 224 185 201

Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311

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