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

• 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

Aventura, FL  33180 – Single Family Homes

• The median single family home price in Aventura 33180 this week is $745,000.
• Least expensive listing:  $35,000
• Most expensive listing:  $6,900,000
• Current single family homes listed for sale:  70
• Closed sales in the last week:  6
• 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.
• Look for a persistent shift (up or down) in the MAI before we see prices move from current levels.
• Price per square foot and median List price have both been reasonably stagnant.
• The 90-day MAI stands at 17, 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 information please contact me at (305) 329-4929 or solovay.m@ewm.com

Hallandale Beach, FL  33009 – Condominiums & Townhomes

There are currently 1,142 condominiums listed for sale in the 33009 zip code.

• Highest priced listing:  $2,000,000 (4 BR 4.5 BA in The Beach Club)
• Lowest priced listing:  $34,000 (1 BR 1 BA in Parkside Manor)
• Pending sales:  160
• Closed sales in the past 30 days:  46
  • Highest sale price:  $720,000 short sale (3 BR 3.5 BA in The Beach Club)
  • Lowest sale price:  $41,000 foreclosure (1 BR 1 BA in Strand Plaza Condo)

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

In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board.  Prices in all four quartiles are basically mixed.  Look for a persistent shift (up or down) in the Market Action Index (MAI) before prices move from these current levels.  The 90-day MAI is at 13 which strongly indicates a Buyer’s market.  Inventories have been falling in recent weeks, but 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.

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

Aventura, FL  33180 – Single Family Homes as of 7/03/09

This Week

The median single family home price in Aventura 33180 this week is $497,450.  Inventory has been tightening and days-on-market increasing recently.  The Market Action Index (MAI) has been basically flat.

Price

Again this week we see a downward notch for prices.  Pricing has been weak in recent weeks and versus their absolute-high level.  We will be looking for a persistent upward ship in the MAI as a leading indicator for a trough in prices.

Price and Value

The market’s downward trends are shared across both price and value.  People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence).  Look for significant changes in the MAI as a precursor to price and value changes.

Inventory

Inventory has been falling in recent weeks with 60 properties available this week.

Market Action Index

Aventura 33180 is quite strongly in the Buyer’s Market zone.  The 90-day MAI stands at 15.

Days On Market

The properties have been on the market for an average of 262 days.  Half of the listings have come newly on the market in the past 231 or so days.  Watch the 90-day DOM trend for signals of a changing market.

The Real Estate Market Report 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

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