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Summer 2011 Real Estate Market Update

Summer 2011 Real Estate Market Update

This real estate market update is presented by Ron Shuffield, President of EWM Realtors.  Today’s great values, which are truly half those 5 or 6 years ago,  are one reason why sales have taken off so much in 2011.  However, since January 2011 we have begun to see an increase in our prices, month after month.

[youtube]http://www.youtube.com/watch?v=ILUDyKW2h7U[/youtube]

Median Prices

Single Family Homes: Miami-Dade County

  • January 2011  $150,000
  • May 2011 – $180,000

Single Family Homes: Broward County

  • January 2011 – $165,000
  • May 2011 – $190,000

Condominiums: Miami-Dade County

  • January 2011 – $90,000
  • May 2011 – $124,000

Condominiums: Broward County

  • January 2011 – $68,000
  • May 2011 – $78,000

This is the best time to purchase real estate in South Florida in the past 6 years.

For more information on the South Florida real estate market please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Real Estate Market Update: Island Way Homes of Aventura, FL

Island Way Homes, Aventura, FL  33180

Island Way HomesIsland Way Homes were built from 1991 – 1993 .  The community consists of a total of 80 zero lot-line single family homes each with its own splash pool.  18 of the homes are waterfront, but do not have boat docks.  Community amenities include a 24-hr manned security gate, community pool, child play area and walking distance to The Waterways Shoppes and Marina.  There are 5 different model homes available as follows:

  • St. Croix:  3 bedroom 3 1/2 bath, 2-car garage – 2,390 sq ft living space
  • St. Tropez: 3 bedroom + family room 3 bath, 2-car garage – 2,750 sq ft living space
  • St. Anne: 4 bedroom + family room 3 bath, 2-car garage – 2,850 sq ft living space
  • St. Elise: 5 bedroom + family room 3 bath, 2-car garage – 3,056 sq ft living space
  • St. Martin: 3 bedroom + family room 3 1/2 bath, 1-car garage – 2,330 sq ft living space

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There are currently 5 homes for sale with prices ranging from $665,000 to $1.3 million.

During the past 12 months there were 7 closed sales with the following statistics:

  • average selling price:  $768,929
  • average sale price per square foot:  $275.19
  • average square footage:  2,799
  • sale price to list price ratio:  92.50%
  • highest sale price:  $970,000 (4 bedroom 3 bath – waterfront lot)
  • lowest sale price:  $662,500 (4 bedroom 3 bath – interior lot)

If you would like more information about Island Way Homes please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 15 Comments »

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