Real Green Trends

Aventura Real Estate – Market Report for December 2011

This is my last report for the year 2011, and it is very encouraging to see that the following numbers coupled with the National news regarding housing and employment show signs of reactivation in the economy overall. It is positive to end 2011 with such a good note.

Market Report for Condominiums and Townhouses in Aventura, Florida 33180

Let’s take a look now at the Aventura condominium and townhomes numbers.

 

The Aventura Condominium Median Prices increased from $337,000 foot to almost $390,000. This is the result in part from an increase in demand,  reduced inventory of short sales and foreclosures, and an increase in condo sales.

As I mentioned in the earlier paragraph, there’s a drastic drop in condominum inventory from over 1025 residences for  sale in January 2011 to below 700 at the end of November 2011.

 

The Condominium Median Price for Aventura townhomes and condominiums increased  from below $232 per square foot to above $255 per square foot.  This fact is not surprising given the increased demand and sales activity recorded in the past months.

Source (for chart numbers ): Florida Association of Realtors (F.A.R.) and Miami Dade Tax Rolls; Commentary is © 2011 Adriana Faerman.

 The above numbers and charts show signs of recovery and I look forward to an interesting real estate market for 2012. Happy Holidays.

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