How’s The Real Estate Market In Aventura 33180?
August 2nd, 2010 categories: Aventura, Market Reports, Market Trends, Real Estate News
Market Update Report for Aventura 33180 – August 2, 2010
Condos – Townhomes
Click here to read the report as of August 2, 2010.
This week in Aventura 33180:
- the Median Sales Price is $340,000
- the 1,055 properties have been on the market for an average of 246 days
- Inventory is tightening and Days-On-Market is falling
- the Market Action Index shows demand heating up
The market has shown some evidence of slowing recently. Both Prices and Inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator of price changes.
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How’s The Real Estate Market?
May 14th, 2010 categories: Aventura, Market Reports, Market Trends, Real Estate News
The Latest Real Estate Market Data
Flash Chart – Condos/Townhomes in Aventura, FL 33180
Flash Chart – Single Family Homes in Aventura, FL 33180
If you would like the latest data for your area click here to subscribe to my Real-Time Market Report. It’s free!
For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.
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Real Estate Market Report – Aventura, FL 33180
May 4th, 2010 categories: Aventura, Buyers, Market Reports, Market Trends, Real Estate News, Sellers
AVENTURA, FL 33180 – CONDOS – TOWNHOMES
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.
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
- 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.
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 solovay.m@ewm.com.
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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 – 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 – 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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Single Family Home Real Estate Market Report for Aventura, FL
June 26th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate Investing
Aventura, FL 33180 – Single Family Homes as of 6/19/09
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 »
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