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Real Estate Market Report – Aventura, FL 33180

AVENTURA, FL 33180 – CONDOS – TOWNHOMES

Real-Time Market Profile

This Week

  • The median list price in Aventura is $346,000
  • Inventory is up
  • Market Action is trending down recently
  • Days-on-market appear to be trending lower, however the overall conditions are weakening a bit

Supply and Demand

  • The Market Action Index has been trending lower for several weeks while prices have remained relatively stable.  If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Market Action Index

The Market Action Index answers the question “How’s the Market?”  By measuring the current rate of sale versus the amount of the inventory.  Index above 30 implies Seller’s Market Conditions.  Below 30, conditions favor the Buyer.

Price Trends

Price

  • We continue to see prices in this zip code bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Quartiles

To subscribe to my Real-Time Market  Report, click here.  It’s all about what’s going on right now and it’s free!

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

Written by Michael Solovay | Discussion: No Comments »

Real Estate Market Report – Condo/Townhomes in Aventura 33180

Aventura, FL  33180 – Condominiums  & Townhomes

City of Aventura

  • 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.

Real-Time Market Profile - Aventura 33180 Condo/Townhomes

Turnberry Isle Golfcourse

Waterways Marina

One Island Place

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

Characteristics per Quartile

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

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Written by Michael Solovay | Discussion: No Comments »

Condominium Real Estate Market Report for Aventura, FL

Aventura, FL  33180 – Condominiums & Townhomes as of 6/19/09

Condo Market Report 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 »

Written by Michael Solovay | Discussion: No Comments »

Single Family Home Real Estate Market Report for Aventura, FL

Aventura, FL 33180 – Single Family Homes as of 6/19/09

Market Update for Single Family Homes in Aventura, FL

This Week

The median single family home price this week is $722,000.  Inventory has been tightening and days-on-market increasing recently.  The Market Action Index has been basically flat, not providing strong indication for market conditions.

Price

This week saw relatively little price change from last week, however, we continue to demonstrate a nice up trend over the last several weeks.

Price and Value

The market appears to be Read the rest of this entry »

Written by Michael Solovay | Discussion: No Comments »

Market Update for Aventura, FL: 33180

Condominiums Report for the week of 6/5/09

median-price-condo-33180-6-5-091

Median Price: This week the median condominium price in Aventura 33180 is $364,500.  We continue to see prices in this zip code bouncing around this plateau.  Look for a persistent upshift in the Market Action Index before we see prices move from these levels

inventory-condo-33180-6-5-09Inventory in 33180: Inventory has been falling in recent weeks.  Note that declining inventory alone does not signal a strengthening market.  Look to the Read the rest of this entry »

Written by Michael Solovay | Discussion: No Comments »

Market Report: Aventura, Florida 33180

Condo Report for week ending 5/31/09

Aventura 33180 5/31/09

Condo 33180

Condo 33180

Sign up for your own Market Report by clicking on the Local Stats tab above, then fill out the request form to get the market report for the zip code of your choice.  You can always contact me at (305) 329-4929 or [email protected] for more information.

Written by Michael Solovay | Discussion: No Comments »

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