Archive for the 'Market Reports' Category
Real Estate Market Report – Condominiums in 33160
July 13th, 2009 categories: Market Reports, Market Trends, Real Estate News, Zip Code 33160
Condominiums in zip code 33160 (including Sunny Isles Beach & North Miami Beach)
There are currently 2,084 condominiums listed for sale in the 33160 zip code.
- Highest priced listing: $12,900,000 (4 BR 4.5 BA at Acqualina Ocean Resort)
- Lowest priced listing: $40,000 (cabana w/ bathroom at Oceania III Condo)
- Pending Sales: 263
- Closed sales in the past 30 days: 60
- Highest sale price: $2,000,000 (4 BR 6.5 BA at Turnberry Ocean Colony)
- Lowest sale price: $35,000 foreclosure (1 BR 1 BA at Tall Trees Condo)
Now take a look at the market by quartiles. Each quartile is 25% of the homes.
In the quartile market segments, we see the lower half of this zip code is showing slight pricing weakness, while the upper half of the market is slightly positive. Quartile 1 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index (MAI), it will likely resume the trend of the rest of the market. Currently the MAI for this market is 11 signifying a Buyer’s market.
For more information contact me at (305) 329-4929 or [email protected]
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Real Estate Market Report – Aventura Single Family Homes
July 8th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
Aventura, FL 33180 – Single Family Homes as of 7/03/09
This Week
The median single family home price in Aventura 33180 this week is $497,450. Inventory has been tightening and days-on-market increasing recently. The Market Action Index (MAI) has been basically flat.
Price
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. We will be looking for a persistent upward ship in the MAI as a leading indicator for a trough in prices.
Price and Value
The market’s downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence). Look for significant changes in the MAI as a precursor to price and value changes.
Inventory
Inventory has been falling in recent weeks with 60 properties available this week.
Market Action Index
Aventura 33180 is quite strongly in the Buyer’s Market zone. The 90-day MAI stands at 15.
Days On Market
The properties have been on the market for an average of 262 days. Half of the listings have come newly on the market in the past 231 or so days. Watch the 90-day DOM trend for signals of a changing market.
The Real Estate Market Report is posted on a weekly basis. Look for updates in the coming weeks. For more information contact me at (305) 329-4929 or [email protected]
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Real Estate Market Report – Aventura Condominiums
July 7th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
Aventura, FL 33180 – Condos & Townhomes as of 7/03/09
This Week
The median condominium price in Aventura 33180 this week is $360,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index (MAI) has been basically flat.
Price
Recently price has settled at a plateau even though they dipped this week. Look for a persistent up-shift in the MAI before we see prices significantly move from these levels.
Inventory
Inventory has been Read the rest of this entry »
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Condominium Real Estate Market Report for Aventura, FL
June 29th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
Aventura, FL 33180 – Condominiums & Townhomes as of 6/19/09
This Week
The median condominium price in Aventura 33180 is $360,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index (MAI) has been basically flat, not providing strong indication for market conditions.
Price
This week we again see Read the rest of this entry »
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Single Family Home Real Estate Market Report for Aventura, FL
June 26th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate Investing
Aventura, FL 33180 – Single Family Homes as of 6/19/09
This Week
The median single family home price this week is $722,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Price
This week saw relatively little price change from last week, however, we continue to demonstrate a nice up trend over the last several weeks.
Price and Value
The market appears to be Read the rest of this entry »
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Real Estate Market Report Aventura, FL
June 12th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
Aventura Real Estate – Condominiums
There are currently 1,726 condominiums listed for sale in Aventura.
- Highest priced listing: $6,000,000 (3 BR 6 BA at Towers of Porto Vita-North)
- Lowest priced listing: $59,900 (1 BR 1 BA at Point East)
- Pending sales: 244
- Closed sales in the past 30 days: 73
- (the highest sale price of $1,650,000 for 5 BR 5 1/2 BA in Bella Mare and the lowest sale price of $50,500 for 1 BR 1 BA in Point East)
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Now take a look at the market by quartiles. Each quartile is 25% of the homes.
For more information contact me at (305) 329-4929 or [email protected]
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