Graphs & Trends
This page will be helpful in tracking and analyzing specific trends from the real life data that I calculate and keep track of on a monthly basis for the very specific markets of Bal Harbour, Bay Harbor Islands, Fisher Island, Miami Beach (including all 3 neighborhoods of South Beach, Mid Beach, & North Beach), and Surfside. A reminder that this data is collected on the last day of the previous month listed. For example, on 6/30/08 I collect and analyze data for the previous 90 calendar days and those statistics are portrayed in July's newsletter which is sent on July 1st.
The below chart is the percentage of condos sold in the 90 day period relative to the amount of the total number of Active listings for sale at the time data is collected. This is a great indicator tracking the activity of real buyers in the market:
The below chart is the number of condos actively for sale in the specific markets, this can be helpful in determining certain trends in the inventory levels, but keep in mind inventories could rise or fall as well as the number of condos being sold, so both charts must be analyzed to get a better grasp on analyzing the market as a whole:
The below chart is the average discount expressed as a percentage relative to the listing price, meaning the average actual sale price was this percentage amount below the average asking price. This is a great indicator of the trends involved in just how motivated sellers are in terms of accepting offers below their asking price in order to make the sale:
The below chart is the average days on market it took the condominiums that sold to do so; this is helpful to see the average amount of time it will take for a condo to sell, and when compared with the number of active listings and the percentage of active listings selling can be helpful in determining the pace that inventory is being absorbed:
The below chart is the actual number of condos that have sold within the time period that data is tracked, this can be helpful in determining if sales activity is picking up or slowing down, of course keep inventory levels in mind too, hence this figure expressed as a percentage (first chart listed above) can be considered a bit more accurate:
The below chart is the percentage of listings that are expiring unsold, it could be for numerous reasons such as not being priced correctly, not showing well, etc. This indicator can be helpful when the trends act in contrast with other data points, such as the percentage of listings sold rising while this chart indicates a decline in percentage of listings expiring would most likely indicate an increase in buyer activity:
The below chart is the actual number of listings that are expiring unsold, similar to the actual number of listings that are sold, this needs to be compared with the actual number of active listings to truly understand the trends taking place, hence the above chart as a percentage could be considered a bit more accurate with regards to this aspect:
The next set of 7 charts is the same exact data as above, only for single family homes as opposed to condominiums. These two markets are different and I feel the tracking of them should be kept separate. Especially in the markets I target considering raw land is scarce and single family homes have the issues of differences in supply and demand to take into consideration.
The below chart is the percentage of homes sold in the 90 day period relative to the amount of the total number of Active listings for sale at the time data is collected. This is a great indicator tracking the activity of real buyers in the market:
The below chart is the number of homes actively for sale in the specific markets, this can be helpful in determining certain trends in the inventory levels, but keep in mind inventories could rise or fall as well as the number of homes being sold, so both charts must be analyzed to get a better grasp on analyzing the market as a whole:
The below chart is the average discount expressed as a percentage relative to the listing price, meaning the average actual sale price was this percentage amount below the average asking price. This is a great indicator of the trends involved in just how motivated sellers are in terms of accepting offers below their asking price in order to make the sale:
The below chart is the average days on market it took the single family homes that sold to do so; this is helpful to see the average amount of time it will take for a home to sell, and when compared with the number of active listings and the percentage of active listings selling can be helpful in determining the pace that inventory is being absorbed:
The below chart is the actual number of homes that have sold within the time period that data is tracked, this can be helpful in determining if sales activity is picking up or slowing down, of course keep inventory levels in mind too, hence this figure expressed as a percentage (first chart for homes listed above) can be considered a bit more accurate:
The below chart is the percentage of listings that are expiring unsold, it could be for numerous reasons such as not being priced correctly, not showing well, etc. This indicator can be helpful when the trends act in contrast with other data points, such as the percentage of listings sold rising while this chart indicates a decline in percentage of listings expiring would most likely indicate an increase in buyer activity:
The below chart is the actual number of listings that are expiring unsold, similar to the actual number of listings that are sold, this needs to be compared with the actual number of active listings to truly understand the trends taking place, hence the above chart as a percentage could be considered a bit more accurate with regards to this aspect:
