Real Estate Market Report – Condos in Aventura 33180
September 29th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
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
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Real Estate Market Report – Condos in Aventura 33180
August 26th, 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 $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
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Is It True That Sales Are Up And Inventories Are Down?
August 14th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
Broward and Miami-Dade County Residential Inventories Continue To Decline During July
According to data from the Multiple Listing Service (MLS) , Broward and Miami-Dade residential inventories continued to decline during July 2009.
Inventories dropped from 74,966 total homes and condos for sale in July 2008, to 49,058 in July 2009, a 35% decrease in just 12 months. During that same time frame, sales increased 47% from an average of 2,518 sales per month to 3,707 sales per month. The inventory supply across both counties decreased from 30 months last year to 13 months today.
According to Ron Shuffield, President, EWM Realtors , “decreasing prices have been the prime motivator for our spike in sales this past year. If you’re selling, now is the time to make sure that your property is priced accurately. If you’re buying, your choices will continue to decrease throughout the remainder of 2009.”
You can check-out Facts & Trends reports at www.ewm.com/trendx to see the numbers for your area and price range or ask me to expand your search using our complete data file. Deals are happening!
Contact me for information for your area at (305) 329-4929 or solovay.m@ewm.com
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Real Estate Market Report – Single Family Homes in Aventura 33180
August 11th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
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
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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 solovay.m@ewm.com
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Real Estate Market Report – Condo/Townhomes in Hallandale 33009
July 22nd, 2009 categories: Hallandale Beach, Market Reports, Market Trends, Real Estate News
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
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Facts and Trends – Miami-Dade County Condo/Townhomes
July 15th, 2009 categories: Market Trends, Real Estate News
Number of Homes For Sale vs. Sold – April 2008 thru June 2009
Price Range: $300,000 to $1,000,000
This range makes up 29% of the current inventory of condo/townhomes on the market and 16% of the current sales.
June 2008: 8,436 / 204 = 41 month supply of inventory
June 2009: 5,475 / 147 = 37 month supply of inventory
The analysis of this 1 year period shows a 35% decrease in inventory for sale and a 28% decrease in sales.
For more information contact me at (305) 329-4929 or solovay.m@ewm.com
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Real Estate Market Report – Aventura Single Family Homes
July 8th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
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
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Real Estate Market Report – Aventura Condominiums
July 7th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
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 Read the rest of this entry »
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Condominium Real Estate Market Report for Aventura, FL
June 29th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate News
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 Read the rest of this entry »
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