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Real Estate Market Report For Aventura 33180

Executive Summary for Condos – Townhomes

January 3, 2011

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How’s The Real Estate Market?

MIAMI-AVENTURA 33180 Real Estate Market

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90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of January 27, 2012
Median List Price:	$747,069	Average List Price:	$849,204
Total Inventory:	62	Price per Square Foot:	$263
Average Home Size:	2,714	Median Lot Size:	8,931
Average # Beds:	3.90	Average # Baths:	3.44
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 January 27, 2012
Median List Price:	$389,419	Average List Price:	$557,058
Total Inventory:	698	Price per Square Foot:	$255
Average Home Size:	1,519	Median Lot Size:	n/a
Average # Beds:	2.36	Average # Baths:	2.53
Homes Absorbed:	33	Newly Listed:	32
Days on Market:	276	Average Age:	19

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

Market Update Report for Aventura 33180 – August 2, 2010

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.

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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 January 27, 2012
Median List Price:	$389,419	Average List Price:	$557,058
Total Inventory:	698	Price per Square Foot:	$255
Average Home Size:	1,519	Median Lot Size:	n/a
Average # Beds:	2.36	Average # Baths:	2.53
Homes Absorbed:	33	Newly Listed:	32
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 January 27, 2012
Median List Price:	$747,069	Average List Price:	$849,204
Total Inventory:	62	Price per Square Foot:	$263
Average Home Size:	2,714	Median Lot Size:	8,931
Average # Beds:	3.90	Average # Baths:	3.44
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.

Inventory for Aventura – 33180

Condominiums

Single Family Homes

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.

AVENTURA, FL 33180 – CONDOS – TOWNHOMES

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.

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

• 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.

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.

Aventura, FL  33180 – Condominiums & Townhomes

• 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

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

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

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 a downward notch for prices.  Pricing has been weak in recent weeks and versus their absolute-high level.  At this point, we will be looking for a persistent upward shift in the MAI as a leading indicator for a trough in prices.

Inventory

Inventory has been falling in recent weeks.  Note that declining inventory alone does not signal a strengthening market.  Look to the MAI and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Market Action Index

In Aventura 33180 the MAI is strongly in the Buyer’s Market zone.  The 90-day MAI stands at 13, so 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 292 days.  Half of the listings have come newly on the market in the past 301 or so days.  Watch the 90-day DOM trend for signs of a changing market.

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

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