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 [email protected]
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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 [email protected]
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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 [email protected]
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