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South Florida Residential Inventory Continues to Fall

South Florida Residential Inventory Continues to Fall

South Florida Inventory 02-25-13

Residential inventory in South Florida fell to 34,398 from 34,535 active listings for the week ending February 25, 2013. During the same period, pending sales increased to 23,565 from 23,013.

Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. The figures were compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service.

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Real Estate Bidding Wars Are Back

Real Estate Bidding Wars Are Back

Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub.

Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

South Florida Residential Inventory

South Florida Residential Inventory

South Florida Residential Inventory

Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing.

I can assist you with all your South Florida real estate needs. Contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 1 Comment »

Real Estate Market Report Aventura, FL

Aventura Real Estate – Condominiums

Aventura, FloridaThere are currently 1,726 condominiums listed for sale in Aventura.

  • Highest priced listing: $6,000,000 (3 BR 6 BA at Towers of Porto Vita-North)
  • Lowest priced listing: $59,900 (1 BR 1 BA at Point East)
  • Pending sales: 244
  • Closed sales in the past 30 days: 73
    • (the highest sale price of $1,650,000 for 5 BR 5 1/2 BA in Bella Mare and the lowest sale price of $50,500 for 1 BR 1 BA in Point East)

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

Characteristics Per Quartile

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

Written by Michael Solovay | Discussion: No Comments »

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