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-SELECT ONE- MIAMI, FL (33180 - Aventura) [SFH] MIAMI, FL (33180 - Aventura) [Condo] MIAMI BEACH, FL [SFH] MIAMI BEACH, FL [Condo]

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Real Estate Market Report – Condo/Townhomes in Aventura 33180

July 29th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News

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 [email protected]

Written by Michael Solovay | Discussion: No Comments »

Real Estate Market Report – Condominiums in 33160

July 13th, 2009 categories: Market Reports, Market Trends, Real Estate News, Zip Code 33160

Condominiums in zip code 33160 (including Sunny Isles Beach & North Miami Beach)

There are currently 2,084 condominiums listed for sale in the 33160 zip code.

• Highest priced listing: $12,900,000 (4 BR 4.5 BA at Acqualina Ocean Resort)
• Lowest priced listing:  $40,000 (cabana w/ bathroom at  Oceania III Condo)
• Pending Sales:  263
• Closed sales in the past 30 days: 60
  • Highest sale price:  $2,000,000 (4 BR 6.5 BA at Turnberry Ocean Colony)
  • Lowest sale price:  $35,000 foreclosure (1 BR 1 BA at Tall Trees Condo)

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

In the quartile market segments, we see the lower half of this zip code is showing slight pricing weakness, while the upper half of the market is slightly positive.  Quartile 1 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index (MAI), it will likely resume the trend of the rest of the market.  Currently the MAI for this market is 11 signifying a Buyer’s market.

For more information contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »