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.

Click here to view the embedded video.

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 solovay.m@ewm.com.

Real Estate Market Stats for Aventura, FL  33180

Median Price – Single Family Home vs. Condo/Townhome

Inventory – Single Family Home vs. Condo/Townhome

Average Days on Market – Single Family Home vs. Condo/Townhome

If you would like to receive the latest real estate market data for your area delivered to your e-mail then 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.

The Latest Real Estate Market Data

Stat Table – Condos/Townhomes in Aventura, FL  33180

90-day stats for Condo properties in MIAMI, FL33180 - Aventura as of February 3, 2012
Median List Price:	$390,112	Average List Price:	$558,578
Total Inventory:	696	Price per Square Foot:	$255
Average Home Size:	1,520	Median Lot Size:	n/a
Average # Beds:	2.36	Average # Baths:	2.54
Homes Absorbed:	32	Newly Listed:	31
Days on Market:	276	Average Age:	19

Stat Table – Single Family Homes in Aventura, FL  33180

90-day stats for Single Family properties in MIAMI, FL33180 - Aventura as of February 3, 2012
Median List Price:	$747,915	Average List Price:	$849,788
Total Inventory:	62	Price per Square Foot:	$261
Average Home Size:	2,707	Median Lot Size:	8,945
Average # Beds:	3.90	Average # Baths:	3.45
Homes Absorbed:	3	Newly Listed:	3
Days on Market:	230	Average Age:	28

If you would like the latest data for your area delivered to your e-mail then click here to subscribe to my Real-Time Market Report.  It’s free!

For more information contact me at (305) 329-4929 or solovay.m@ewm.com.

Harbor Islands: A Planned, Gated Community

With two 24-hr manned gatehouses, 192 acres of lush landscaping in a park setting, state-of-the-art recreation and fitness center with swimming pool, jacuzzi and lighted tennis courts as well as a 196-slip marina, Harbor Islands located along the Intracoastal Waterway in Hollywood, FL is a community you will definitely want to call your home.  Harbor Islands is comprised of 8 communities:

• Admirals Cove
• Commodore Estates
• Edgewater
• Grand Harbor
• Harbor Pointe
• Harborside
• Harborview Townhomes
• The Estates

Edgewater at Harbor Islands:  A planned Mediterranean style community of 139 single family residences on a waterfront site, with access to the Atlantic Ocean via the Intracoastal Waterway.  This community features an 8-foot high village wall, 6-foot high privacy wall in the back yard of each residence and interlocking brick paver streets.  There are a variety of innovative home designs at Edgewater:

• Seaside plan – 2 BR + Den (Convertible to 3rd BR), 2 BA – 1,582 sq ft
• Seabreeze plan – 3 BR + Family Room, 2 1/2 BA – 2,068 sq ft
• Seacrest plan – 3 BR + Den (Convertible to 4th BR) + Family Room, 3 BA – 2,659 sq ft
• Seastar plan – 3 BR + Den (Convertible to 4th BR) + Family Room, 3 BA – 3,122 sq ft
• Seaview plan – 3 BR + Den (Convertible to 4th BR) + Family Room + Guest House, 4 BA – 3,319 sq ft

There are currently 20 homes listed for sale in Edgewater at Harbor Islands with prices ranging from $390,000 to $1,450,000.

Featured Listing:  1561 Breakwater Te, Hollywood, FL  33019

This Seaside plan has 2 bedrooms + Den and 2 baths with a private oversized lot and swimming pool.  The property is listed for sale at $449,000 or annual lease at $2,400/month.

Check out the video:

For more information on this or any other real estate questions please contact me at (305)329-4929 or solovay.m@ewm.com

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