Summer 2011 Real Estate Market Update

This real estate market update is presented by Ron Shuffield, President of EWM Realtors.  Today’s great values, which are truly half those 5 or 6 years ago,  are one reason why sales have taken off so much in 2011.  However, since January 2011 we have begun to see an increase in our prices, month after month.

Click here to view the embedded video.

Median Prices

Single Family Homes: Miami-Dade County

• January 2011  $150,000

• May 2011 – $180,000

Single Family Homes: Broward County

• January 2011 – $165,000

• May 2011 – $190,000

Condominiums: Miami-Dade County

• January 2011 – $90,000

• May 2011 – $124,000

Condominiums: Broward County

• January 2011 – $68,000

• May 2011 – $78,000

This is the best time to purchase real estate in South Florida in the past 6 years.

For more information on the South Florida real estate market 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.

3610 Yacht Club Dr, Apt 411 Aventura FL 33180

Check out this very affordable condominium located in Portsview at The Waterways . This unit offers the following:

• 2 bedrooms
• 2 bathrooms
• ceramic tile floors
• crown moldings
• updated kitchen cabinetry & stainless steel appliances
• great closet space
• water view
• covered parking
• large terrace
• washer & dryer
• extra storage

This lovely move-in ready condominium is available for $268,000.00.  The monthly maintenance fee is $581 and includes the following amenities as well as cable tv, insurance, water and sewer.

Built in 1987, the condominium offers the following amenities:

• 24-hr manned security gate
• 24-hr manned lobby security
• 2 heated swimming pools
• tennis courts
• gym
• walking distance to restaurants, shops, parks, entertainment, etc.
• The Waterways Marina located just steps away

Click on the following link to view photos and more information on the property:

3610 Yacht Club Dr, Apt #411

For those of you that are pet lovers, this condominium allows residents to have a pet up to 15 lbs.   Unit owners can not rent out their unit during the first year of ownership.  After the first year the property can be rented out on an annual basis.   Boat owners will also appreciate that they can even purchase a slip in The Waterways Marina, a dockominium, located steps away from the condominium.

For more information on this outstanding property as well as other great opportunities in Aventura 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 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.

Harborside at The Waterways – 3640 Yacht Club Dr, #606  Aventura, FL  33180

I just listed another great unit at Harborside at The Waterways Condominium.  This is a building that everyone loves because it’s located in The Waterways section of Aventura, has nice amenities and the prices are very affordable.   Here are some features of this new listing:

• 3 bedrooms and 2 bathrooms
• 1,870 sq ft of living space
• 2 separate balconies
• southeast corner unit
• lovely views to The Waterways Yacht Harbor
• 2-assigned parking spaces in garage
• ceramic tile floors through main living areas
• hurricane shutters
• custom built-ins in master bedroom closet

All of the above features at a very affordable price of $434,900.00.  This type of value doesn’t last long so please contact me soon if you are interested in taking a look.

Click on the following link to view photos and more information on the property:

3640 Yacht Club Dr, Unit #606

Harborside Condominium offers:

• 24-hr manned guard gate security
• 24-hr manned lobby security
• 2 heated swimming pools
• tennis courts
• gym

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

Waterways Marina Condo – A Dockominium

3601 NE 207 St, Slip N30  Aventura, FL  33180

Yes, that’s right a dockominium.  Many people think it’s a word I made up.  Wickipedia describes a dockominium as the water-based version of a condominium; rather than owning an apartment in a building, one owns a boat slip on the water.  The Waterways Marina is a dockominium.  Just like a condominium owner’s pay a monthly maintenance fee which in this case includes:

• water
• trash pick-up
• pump out of sewer system

Since The Waterways Marina is located adjacent to The Waterways Shoppes.  It’s a perfect location to dock your boat then have a meal in one of the many restaurants.

Slip N30 is available for sale at $175,000.  It’s a 55′ slip located on the north side of the marina.  If you are already a resident of The Waterways this is a great way to dock your boat right in your backyard.  If you are not a resident of The Waterways then consider purchasing a boat slip in this fantastic location.  Very soon you will want a condominium as well.

click here for a virtual tour of The Waterways Marina Condo, Slip N30

For more information on this and any other things to do with the City of Aventura, 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.

Aventura, FL  33180 – Condominiums  & Townhomes

• The median condominium price in Aventura 33180 this week is $354,900.
• Least expensive listing: $59,900
• Most expensive listing: $6,000,000
• Current condominiums listed for sale: 1,221
• Closed sales in the last week: 41
• Inventory, Days-On-Market, and the Market Action Index (MAI) all recently plateaued and the market is not sending strong directional signal for the near-term outlook.
• Prices in 33180 have been on a downward trend recently and this week, while essentially flat, does not break us out of that cycle.
• The 90-day MAI stands at 13, clearly in the Buyer’s Market zone.

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

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