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

Number of Properties for Sale vs. Sold – Condo/Townhome

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.

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

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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 July 23, 2010
Median List Price:	$347,939	Average List Price:	$455,245
Total Inventory:	1,051	Price per Square Foot:	$245
Average Home Size:	1,671	Median Lot Size:	n/a
Average # Beds:	2.25	Average # Baths:	2.26
Homes Absorbed:	37	Newly Listed:	38
Days on Market:	272	Average Age:	18

Stat Table – Single Family Homes in Aventura, FL  33180

90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of July 23, 2010
Median List Price:	$699,060	Average List Price:	$794,537
Total Inventory:	68	Price per Square Foot:	$213
Average Home Size:	2,844	Median Lot Size:	7,488
Average # Beds:	3.81	Average # Baths:	3.19
Homes Absorbed:	2	Newly Listed:	3
Days on Market:	239	Average Age:	32

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.

Harborside at The Waterways – 3640 Yacht Club Dr, Apt 1808 Aventura, FL 33180 – $339,000

Here is an example of pride in ownership. The owner of this property has maintained this unit extremely well. It is immaculate and available for immediate occupancy. This 2 bedroom 2 bath unit located on the 18th floor has spectacular views of The Waterways Marina & Yacht Harbor as well as the ocean and intracoastal.  This property is offered at an excellent price and available for immediate purchase.  Some important items to note are:

• 1,430 sq ft of living space
• ceramic tile floors
• custom built-in desk/work space in the second bedroom
• great south exposure
• crown moldings
• smooth ceiling
• marble master bath with walk-in shower and separate whirlpool tub
• full size washer and dryer
• 1-assigned parking space in the garage
• extra storage is included

The condominium offers 24-hr manned security gate, 24-hr manned lobby security, concierge, gym, 2 heated swimming pools and tennis courts.

click here for a virtual tour of this property

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

Eldorado Towers – 3625 N. Country Club Dr, Apt 2307 Aventura, FL  33180

For those of you that are looking for a spectacular view this is possibly one of the best you will find.  Eldorado Towers, built in 1974, is located along N. Country Club Dr in Aventura.  Here you will find breathtaking views of the newly remodeled Turnberry Isle Golf Course as well as gorgeous water views of the various lakes, water features, intracoastal and the ocean.

Just listed is a 1 BR 1.5 BA furnished unit on the 23rd floor.  This condo features a southern exposure, all newly renovated balcony with glass railing, newly renovated interior hallways.  In addition, the owner of this property completely upgraded and updated the interior of this property.  This stylish unit has gorgeous kitchen and baths and designer furniture sure to please anyone.  All this can be yours for just $159,000, furniture included.

click here for a virtual tour of this property

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

3640 Yacht Club Dr, Apt 1902, Aventura, FL  33180 – $315,000

I just listed this amazing condo.  Features include:

• 2 BR 2 BA
• 1,430 sq ft of living space
• large balcony
• amazing panoramic views
• full size washer & dryer
• many designer touches
• immaculate condition
• 2-assigned parking spaces in garage
• extra storage
• $665 monthly maintenance fee
  

Harborside at The Waterways condominium amenities include:

• 2 heated swimming pools
• tennis courts
• 24-hr manned guard gate
• 24-hr lobby security
• concierge
• gym
• walking distance to shops & restaurants

To see a video of the property click on the link below:

Video Tour of Harborside #1902

For more information on this property or any other real estate questions please contact me at (305) 329-4929 or solovay.m@ewm.com

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 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

Aventura 33180 is still strongly in the Buyer’s Market zone.  The 90-day MAI stands at 12.

Days On Market

The properties have been on the market for an average of 294 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 signals of a changing market.

Real Estate Market Report for Aventura 33180 is posted on a weekly basis.  Look for updates in the coming weeks.  For more information contact me at (305) 329-4929 or solovay.m@ewm.com

21050 Point Pl, #2601, Aventura, FL  33180

$699,000

$1,386 monthly maintenance fee

Brand new on the market, this 3 bedroom 2 1/2 bath home in the sky has 2,440 square feet of living space, marble floors throughout, custom built-ins in every closet, electric window treatments, upgraded fixtures, 2 private balconies, amazing views to the ocean and intracoastal as well as views to The Waterways marina.  You arrive at the 26th floor via a private elevator that opens directly into your own private foyer entrance.  You then enter a residence with mesmerizing views and spacious rooms. This home has a modern contemporary feeling that will appeal to all different tastes.  The property is available for immediate sale and is in perfect condition.  The Seller has priced the property extremely well. This is an excellent opportunity to purchase an upgraded, move-in ready property at The Point of Aventura.

Atlantic III at The Point was built in 2000.  All residents of The Point enjoy full use of the Residents-only Spa and Fitness Center, 3 heated swimming pools, tennis courts, 24-hr manned security gate, 24-hr lobby security and valet parking all included as part of their maintenance fee.

Take the video tour:

For more information on this and other properties available for sale or lease at The Point please contact me at (305) 329-4929 or solovay.m@ewm.com