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

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Real Estate Market Report – Aventura Single Family Homes

Michael Solovay — 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.