Whats The Point of Aventura? » condominiums

How’s The Real Estate Market?

Michael Solovay — Wed, 02 Jun 2010 16:07:02 +0000

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.

How’s The Real Estate Market in Aventura – 33180?

Michael Solovay — Fri, 07 May 2010 21:19:02 +0000

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.

Real Estate Market Report – Aventura Condominiums

Michael Solovay — Tue, 07 Jul 2009 12:00:01 +0000

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

Condominium Real Estate Market Report for Aventura, FL

Michael Solovay — Mon, 29 Jun 2009 12:30:15 +0000

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

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

Real Estate Market Report Aventura, FL

Michael Solovay — Fri, 12 Jun 2009 14:00:00 +0000

Aventura Real Estate – Condominiums

There are currently 1,726 condominiums listed for sale in Aventura.

Highest priced listing: $6,000,000 (3 BR 6 BA at Towers of Porto Vita-North)
Lowest priced listing: $59,900 (1 BR 1 BA at Point East)
Pending sales: 244
Closed sales in the past 30 days: 73
- (the highest sale price of $1,650,000 for 5 BR 5 1/2 BA in Bella Mare and the lowest sale price of $50,500 for 1 BR 1 BA in Point East)

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

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