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Archive for the 'Market Trends' Category

EWM Realtors is #1 Realtor in Miami-Dade County

EWM Realtors is #1 Realtor in Miami-Dade County For The Number of Luxury Homes & Condos  Sold in 2010Christie's

Esslinger Wooten Maxwell (EWM) Realtors has been the exclusive South Florida affiliate of Christie’s Great Estates (a one-of-a-kind, Christie’s owned international network of top-tier real estate brokerages throughout the world) for the past decade.  This affiliation has been the foundation for the sale of many of South Florida’s finest estates.  This relationship has been an integral part of EWM’s market leadership in South Florida residences valued greater than $1 million.  This has made EWM the number one real estate brokerage firm in Miami-Dade County for the number of luxury homes and condominiums sold.

EWM is involved in the sale of a luxury home or condo valued more than $1 million every 36 hours, 365 days of the year.

This information was compiled by data supplied by the:

  • Realtor Association of Miami-Dade County
  • Realtor Association of Greater Miami & the Beaches
  • Northwestern Dade Association of Realtors
  • Realtor Association of Greater Fort Lauderdale, or their MLS’s

for the period of May, June and July 2010.

EWM Realtors vs Competitors

EWM Realtors also holds the #1 ranking for the year 2009 in the same category.

Why not work with the best?

Contact me today at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: No Comments »

How’s The Real Estate Market In Aventura 33180?

Market Update Report for Aventura 33180 – August 2, 2010Market Update Report

Condos – Townhomes

Click here to read the report as of August 2, 2010.

This week in Aventura 33180:

  • the Median Sales Price is $340,000
  • the 1,055 properties have been on the market for an average of 246 days
  • Inventory is tightening and Days-On-Market is falling
  • the Market Action Index shows demand heating up

The market has shown some evidence of slowing recently.  Both Prices and Inventory levels are relatively unchanged in recent weeks.  Watch the Market Action Index for changes as it can be a leading indicator of price changes.

If you would like to receive the latest real estate market data for your area delivered to your e-mail then click here to subscribe to my Real-Time Market Report. It’s free!

Written by Michael Solovay | Discussion: No Comments »

Facts and Trends for Aventura

Facts and Trends – Aventura, FL   March 2009 – May 2010

Number of Properties for Sale vs. Sold – Condo/TownhomeFacts and Trends

Analysis:

  • 14% decrease in homes for sale from May 2009 – May 2010
  • no significant increase or decrease in sales
  • May 2009 – 19 month supply of homes for sale
  • May 2010 – 16 month supply of homes for sale

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: No Comments »

How’s The Real Estate Market In Aventura?

Real Estate Market Stats for Aventura, FL  33180

Median Price – Single Family Home vs. Condo/Townhome

Inventory – Single Family Home vs. Condo/Townhome

Average Days on Market – Single Family Home vs. Condo/Townhome

If you would like to receive the latest real estate market data for your area delivered to your e-mail then click here to subscribe to my Real-Time Market Report.  It’s free!

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: No Comments »

How’s The Real Estate Market?

The Latest Real Estate Market Data

Stat Table – Condos/Townhomes in Aventura, FL  33180

90-day stats for Condo properties in
MIAMI, FL33180 - Aventura as of August 27, 2010
Median List Price:$346,046Average List Price:$455,883
Total Inventory:1,049Price per Square Foot:$241
Average Home Size:1,666Median Lot Size:n/a
Average # Beds:2.25Average # Baths:2.26
Homes Absorbed:39Newly Listed:39
Days on Market:255Average Age:18

Stat Table – Single Family Homes in Aventura, FL  33180

90-day stats for Single Family properties in
MIAMI, FL33180 - Aventura as of August 27, 2010
Median List Price:$699,142Average List Price:$795,821
Total Inventory:69Price per Square Foot:$211
Average Home Size:2,847Median Lot Size:7,500
Average # Beds:3.82Average # Baths:3.21
Homes Absorbed:3Newly Listed:3
Days on Market:230Average Age:31

If you would like the latest data for your area delivered to your e-mail then click here to subscribe to my Real-Time Market Report.  It’s free!

For more information contact me at (305) 329-4929 or solovay.m@ewm.com.



Written by Michael Solovay | Discussion: No Comments »

How’s The Real Estate Market?

The Latest Real Estate Market Data

Flash Chart – Condos/Townhomes in Aventura, FL  33180

Flash Chart – Single Family Homes in Aventura, FL  33180

If you would like the latest data for your area click here to subscribe to my Real-Time Market Report.  It’s free!

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: No Comments »

How’s The Real Estate Market in Aventura – 33180?

Inventory for Aventura – 33180

Condominiums

Landscape Chart

Single Family Homes

Landscape Chart

Inventory is clearly down from this time last year.  The good stuff is going fast.

For more information on buying, selling or leasing your property contact me at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: No Comments »

Real Estate Market Report – Aventura, FL 33180

AVENTURA, FL 33180 – CONDOS – TOWNHOMES

Real-Time Market Profile

This Week

  • The median list price in Aventura is $346,000
  • Inventory is up
  • Market Action is trending down recently
  • Days-on-market appear to be trending lower, however the overall conditions are weakening a bit

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.

Market Action Index

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.

Price Trends

Price

  • We continue to see prices in this zip code bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Quartiles

To subscribe to my Real-Time Market  Report, click here.  It’s all about what’s going on right now and it’s free!

For more information contact me at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: No Comments »

Real Estate Market Report – Condos in Aventura 33180

Aventura, FL  33180 – Condominiums & TownhomesArtech

  • The median condominium price in Aventura 33180 for the week ending 9/25/09 is $350,000
  • Lease expensive listing:  $50,000
  • Most expensive listing:  $6,000,000
  • Current condo & townhomes listed for sale:  1,124
  • Closed sales in the last week:  58
  • Inventory has been tightening and days-on-market increasing recently
  • This week we continue to see a downward notch for prices in this zip code
  • Inventory has been falling in recent weeks, but note that declining inventory alone does not signal a strengthening market
  • The 90-day Market Action Index stands at 14, strongly in the Buyer’s Market zone

Real-Time Market Profile

Now take a look at the market by quartiles.  Each quartile is 25% of the homes.

Characteristics by Quartile

For more real estate information please contact me at (305) 329-4929 or solovay.m@ewm.com

Written by Michael Solovay | Discussion: No Comments »

Real Estate Market Report – Condos in Aventura 33180

Aventura, FL  33180 – Condominiums & Townhomes

  • The median condominium price in Aventura 33180 this week is $360,000Mystic Pointe at Aventura
  • Least expensive listing: $58,900
  • Most expensive listing:  $6,000,000
  • Current condo & townhomes listed for sale:  1,160
  • Closed sales in the last week:  43
  • Inventory has been tightening and Days-On-Market increasing recently
  • We saw relatively little price change from last week, however, we continue to demonstrate a nice up trend in general over the last several weeks
  • The 90-day Market Action Index stands at 13, strongly in the Buyer’s Market zone

Real-Time Market Profile

Now take a look at the market by quartiles.  Each quartile is 25% of the homes.

Characteristics By Quartile

For more real estate information please contact me at (305) 329-4929 or solovay.m@ewm.com

Written by Michael Solovay | Discussion: No Comments »

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