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

]]> http://whatsthepointofaventura.com/2009/08/26/real-estate-market-report-condos-in-aventura-33180/feed/ 0 http://whatsthepointofaventura.com/2009/07/22/real-estate-market-report-condotownhomes-in-hallandale-33009/ http://whatsthepointofaventura.com/2009/07/22/real-estate-market-report-condotownhomes-in-hallandale-33009/#comments Wed, 22 Jul 2009 18:46:48 +0000 Michael Solovay http://whatsthepointofaventura.com/?p=1484

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