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Aventura Real Estate – Condos Market Report December 2009

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

golf course in aventuraSupply 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.

Bella Mare – Magnificent Residence for Sale at foreclosure prices.

6000 Island Blvd, Williams Island, Fl 33180

BELLA MARE

 

A four Bedrooms, 3.5 baths custom made residence in Williams Island with magnificent views of the Ocean, Intracoastal Waters and City. This is the most desirable line in Bella Mare  featuring over  3500 Square Feet of luxury appointments including:

  • private elevator
  • marble floors
  • 540 Sq.Ft balcony
  • BOSE sound surround system
  • custom made closets
  • electronic solar shutters
  • state-of-the-art kitchen

What makes this Bella Mare residence different from other units? 

You will realize it the minute you walk in.

Seize this  great opportunity of living  in Bella Mare for just  under $400 per square feet!

Do you want to learn more?  Contact me now and I will arrange a private tour for you.

Give me 5 minutes and I will tell you what’s happening with Aventura Condo Sales.

Aventura Condo Sales for December 2008 – Market Report

This report is for condos ranging between

$100,000 to $250,000

YEAR

# Of Homes Sold

Pended Sales

Available for Sale

Average DOM Days on the Market

Median Sales Price

2008

106

39

204

62.75

$179,950

2007

96

5

25

146.17

$190,975

The number of condos in the $100,000 t $250,000 sold this year ended up 106, ahead of 2007 sales numbers. 2008 will go up as a the beginning of the upturn for sales in Aventura since the condo crisis began.

While  bank owned properties may be driving real estate prices downward, there continue to be buyers ready & willing to jump on the opportunity to buy them.

If you want to sell your Aventura Condo in this market, you need to price it like a bank owned property.
* Note: The chart above represents condo sales in the Aventura area. These numbers do not include raw land or single family homes nor does not include condo in the South Florida MLS that are located out of the Aventura area.

 

Tomato University Graduate Real Estate Tomato