Do You Believe It’s A Good Time To Sell Your Home?

In a recent Keeping Current Matters blog post by Steve Harney entitled Selling Your House?  5 Reasons To Do It NOW!, Steve gives us 5 strong reasons to sell now instead of waiting until later in the year.

1)  Interest Rates Are On The Rise

Interest rates are now over 5%.  As rates increase, the mortgage amount a buyer qualifies for decreases.  Eventually this will have a negative impact on prices.

2)  Your Dream Home Will Never Be Cheaper

If you are buying, COST should be more important than PRICE.  Cost can be dramatically impacted by rising mortgage interest rates.

3)  Buyers Are Out Early

Mounting evidence is showing that buyers are coming out earlier this year than the ‘Spring Buying Season’ due to the believe that now is a good time to buy.  That coupled with the increase in interest rates has started the buying season early.

Pete Flint, CEO of Trulia:

“We’re seeing a national resurgence of buyer and seller activity on Trulia.com.  In January alone, we expierenced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70% year-over-year growth.  We are now experiencing 100,000 property views per minute.”

The National Association of Realtors just reported that the number of house sales increased 12.9% over last month.

4)  Inventory Increases Every Spring

Here is the number of listings available for sale in 2010

• February – 3,531,000
• March – 3,626,000
• April – 4,029,000

Steve Harney believes that there will be an increase in these numbers in 2011 as there is a pent-up selling demand created by the weak market of the last few years.  If you sell now you won’t have to worry about this increasing competition.

5)  We Are In The Eye Of The Foreclosure Storm

As banks try to correct their foreclosure procedures, there is a large supply of discounted properties which have been delayed coming to market.  This inventory will be released sometime in the next few months.  Foreclosures sell on average at a 41% discount.  When they are released these properties will be competing with your house for buyers.  If you are looking to sell in 2011, you want to sell before this inventory becomes your competition.

Let’s sit down today and discuss the best options for you.  You can contact me at (305) 329-4929 or solovay.m@ewm.com.

Do You Believe It Is A Good Time To Buy A Home?

In a recent Keeping Current Matters blog post by Steve Harney entitled The First Question You Should Ask Your Listing Agent, Steve discusses whether now is a good time to buy a home.

The Wall Street Journal last week stated:

With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today.

Donald Trump was just quoted saying:

I’m pretty sure this is a great time to go out and buy a house.  And if you do, in 10 years  you’re going to look back and say, ‘You know, I’m glad I listened to Donald Trump’.

John Paulson, a multi-billionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market.  He recently said:

If you don’t own a home, buy one.  If you own a home, buy another one.  If you own two homes, buy a third.  And, lend your relatives money to buy a home.

A recent Gallup Poll showed that 67% of American’s think that now is a ‘good time’ to buy a home.  The Gallup Organization went on to say:

Overall, there is good reason for most Americans to think now is a good time to buy a house.  Interest rates remain near historic lows.  Home prices are down sharply, providing many incredible buys.

An iconic financial paper, the country’s most famous real estate investor, the most successful prognosticator of the housing market and 2/3 of all Americans say now is the time to buy a home.

If you have come to the same conclusion and want to buy a home or condo, I am ready to help you.  Please contact me at (305) 329-4929 or solovay.m@ewm.com.

Top 10 Most Searched Markets On Realtor.com

Realtor.com, operated by Move, Inc., is an official website of the National Association of Realtors.  The Top 10 List is based on the number of visitors at Realtor.com that viewed properties in each metro area in the United States from January 2010 through December 2010.

The top 10 most searched for cities at Realtor.com for 2010 are:

1. Las Vegas
2. Los Angeles
3. Orlando
4. San Antonio

5. MIAMI

6. Phoenix
7. San Diego
8. Austin, Texas
9. Tampa
10. Chicago

“Online search is a critical measure of interest in real estate, especially now that more than 90% of buyers search for their homes online,” says Realtor.com President Errol Samuelson.  “Changing conditions throughout 2010 in the sunshine states resulting from foreclosures, the tax credit, interest rates and other factors created more interest in real estate compared to other states that we hope leads to increased activity and sales in 2011.”

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

How’s The Real Estate Market?

MIAMI-AVENTURA 33180 Real Estate Market

All the market trend charts on this page are ‘live’. Bookmark this page to watch the market change each week. Want more details? Subscribe to my Real-Time Market Report. It’s all about what’s going on right now and it’s free! Let me know which neighborhoods you’re interested in and we’ll get you my Real-Time Market Report today! To register click here and make your selection.  You can select Hallandale-33009, Hollywood-33019, Aventura-33180, North Miami Beach-33160 or Miami Beach-33139.

90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of February 3, 2012
Median List Price:	$747,915	Average List Price:	$849,788
Total Inventory:	62	Price per Square Foot:	$261
Average Home Size:	2,707	Median Lot Size:	8,945
Average # Beds:	3.90	Average # Baths:	3.45
Homes Absorbed:	3	Newly Listed:	3
Days on Market:	230	Average Age:	28

90-day stats for Condo properties in MIAMI, FL33180 - Aventura as of February 3, 2012
Median List Price:	$390,112	Average List Price:	$558,578
Total Inventory:	696	Price per Square Foot:	$255
Average Home Size:	1,520	Median Lot Size:	n/a
Average # Beds:	2.36	Average # Baths:	2.54
Homes Absorbed:	32	Newly Listed:	31
Days on Market:	276	Average Age:	19

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

Portsview at The Waterways Condo For Sale

3610 Yacht Club Dr, Apt 411 Aventura, FL  33180

2 bedrooms 2 bathrooms

$249,900 + $1,000 bonus to buyer at closing (closing must be on or before 11/30/10)

Portsview at The Waterways – Unit #411 – $249,900.00 Bedrooms: 2 Bathrooms: 2 Parking Spaces: 1 Year Built: 1987 Subdivision: Portsview at The Waterways Located on Floor #: 4 Floors in Bldg: 15 Square Footage: 1189 Agent Name: Michael Solovay Broker: EWM Realtors Price: $249,900.00 Flexibility: Negotiable Additional Pricing Information: Seller ready to make a deal! Homeowner Dues: 580 3610 Yacht Club Dr. Apt 411 Aventura, FL 33180 View Map View More Photos My Blog: whatsthepointofaventura.com Range/Oven Full Refrigerator Washer/Dryer Dishwasher Sink Disposal Ceramic tile floors Swimming Pool Hot Tub Guest Parking Exercise Room PRICE REDUCED! This spacious 2 BR 2 BA unit located on the 4th floor has been upgraded with crown moldings, smooth ceilings, white ceramic tile floors, carpet in the master bedroom and california closet built-ins in the master bedroom’s large walk-in closet. The updated kitchen comes with stainless steel appliances and the condo has a full size washer and dryer. The large balcony has glass railings and access from every room. The property comes with 1-assigned parking space in the garage and extra storage is also included. The condominium offers 24-hr security, 2 heated swimming pools, gym and tennis courts. The property is located on The Waterways Marina and is within walking distance to The Waterways Shops & Restaurants. This property is currently leased until 3/25/11 at $1,400/month. Property priced below the most recent sale. ** Buyer to receive $1,000 credit at closing if the property is contracted and closed by 11/30/10 ** Michael Solovay solovay.m@ewm.com 305.332.4260 www.WhatsThePointofAventura.com Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3071723

All information in this site is deemed reliable but is not guaranteed and is subject to change

For more information on this great opportunity and others please contact me at (305) 329-4929 or solovay.m@ewm.com.

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.

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 February 3, 2012
Median List Price:	$390,112	Average List Price:	$558,578
Total Inventory:	696	Price per Square Foot:	$255
Average Home Size:	1,520	Median Lot Size:	n/a
Average # Beds:	2.36	Average # Baths:	2.54
Homes Absorbed:	32	Newly Listed:	31
Days on Market:	276	Average Age:	19

Stat Table – Single Family Homes in Aventura, FL  33180

90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of February 3, 2012
Median List Price:	$747,915	Average List Price:	$849,788
Total Inventory:	62	Price per Square Foot:	$261
Average Home Size:	2,707	Median Lot Size:	8,945
Average # Beds:	3.90	Average # Baths:	3.45
Homes Absorbed:	3	Newly Listed:	3
Days on Market:	230	Average Age:	28

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.

Chairman’s Club

If you would like to work with a Top Producer contact me today at (305) 332-4260 or solovay.m@ewm.com.

]]> http://whatsthepointofaventura.com/2010/04/18/ewm-realtors-top-producers-2009/feed/ 0 http://whatsthepointofaventura.com/2009/08/20/want-more-evidence-that-housing-is-turning-around/ http://whatsthepointofaventura.com/2009/08/20/want-more-evidence-that-housing-is-turning-around/#comments Thu, 20 Aug 2009 20:35:54 +0000 Michael Solovay http://whatsthepointofaventura.com/?p=1746

Best Cities For A Housing Recovery

Forbes magazine identified 161 of the country’s largest metro areas where sales activity has increased compared to 2008 and where foreclosure sales, as a percentage of total sales, are low.

Forbes magazine considers these markets as on the road to recovery:

1. Miami-Ft. Lauderdale, FL
2. Lincoln, NE
3. Colorado Springs, CO
4. Salem, OR
5. San Luis Obispo, CA
6. Bremerton, WA
7. Denver, CO
8. Redding, CA
9. Santa Barbara, CA
10. San Jose, CA

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

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 placing an increasing premium on homes.  When list prices and price per square foot consistently increase in tandem, as they are doing now, you often find short-term investment opportunities.  Watch the MAI for persistent changes as a leading indicator for these trends to flatten or drop.

Inventory

Inventory has been falling in recent weeks with 76 properties available this week.  Note that declining inventory alone does not signal a strengthening market.  Look to the MAI to gauge whether buyer interest is falling with the available supply.

Market Action Index (MAI)

The Market Action Index for Aventura – 33180 is strongly in the Buyer’s Market zone.  The 90-day MAI is at 14.  With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 254 days.  Half of the listings have come newly on the market in the past 220 or so days.  Watch the 90-day DOM trend for signals of a changing market.

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