Real Green Trends

Aventura Real Estate – Condos Market Report December 2009

Neutral Outlook for the Aventura  Condo Market for this second week of December 2009

Supply and Demand of Condos in the 33180 zip code

The Median List Price for Condos this week was of $349,000. Maintaining a relative balance as compared to past weeks.

As for the Asking Price per Square Foot, the same went down to $256.

The Average Days on the Market (DOM) is trending higher.

The Market Action Index indicates a Strong Buyer’s Market.

The Good News about the Aventura Market and Especially the Condos for Sale is  that …

Condo sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. As the supply and demand trends continue, the market moves into the Seller’s zone, and we are liketly to see upward pressure on pricing.

To receive more information, please sign up for a free market report and I will gladly assist you in marketing and selling your Property.

This entry was posted on Thursday, December 17th, 2009 at 12:02 pm and is filed under Listings, Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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