Aventura, FL  33180 – Condominiums & Townhomes

• The median condominium price in Aventura 33180 this week is $360,000
• 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

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

City of Aventura Moves Forward On Plans For New Public Library

The City’s public library, located at 2930 Aventura Blvd, had its roof severely damaged in 2005 by Hurricane Wilma and had to be closed down.  In recent months, the building was demolished to make way for a new library.

The new library will have the following features:

• 26,000 square feet
• ability to hold approximately 30,000 books & materials
• designated children’s area
• designated area for young adults
• designated area for adults
• multipurpose room with 100-seat capacity
• 2 courtyards, one of which will feature a Zen garden
• an Arboretum
  • offering how-to instructions how to create private gardens
  • a retention pond featuring native aquatic plants

The building will incorporate eco-friendly design and will have Silver LEED Certification, according to the planners.

Construction is scheduled to start in late 2010, and doors are scheduled to be open to the public in 2012.  The estimated cost for the  new library is $15 million.

For more information contact me at solovay.m@ewm.com