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

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 solovay.m@ewm.com

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