How’s The Real Estate Market?

michaelsolovay — 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 September 3, 2010
Median List Price:	$345,662	Average List Price:	$455,780
Total Inventory:	1,050	Price per Square Foot:	$240
Average Home Size:	1,667	Median Lot Size:	n/a
Average # Beds:	2.25	Average # Baths:	2.27
Homes Absorbed:	38	Newly Listed:	39
Days on Market:	253	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 September 3, 2010
Median List Price:	$699,069	Average List Price:	$795,005
Total Inventory:	69	Price per Square Foot:	$210
Average Home Size:	2,844	Median Lot Size:	7,500
Average # Beds:	3.82	Average # Baths:	3.20
Homes Absorbed:	3	Newly Listed:	3
Days on Market:	229	Average Age:	31

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Real Estate Market Report – Aventura Single Family Homes

michaelsolovay — Wed, 08 Jul 2009 12:00:05 +0000

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.