วันศุกร์ที่ 22 กันยายน พ.ศ. 2560

Aventura Real Estate Market Update

Let's crunch some numbers for the 33180 Zip Code. We'll look at inventory, average price per square foot, sales price ฝากขายที่ดิน vs list price and much more for the Aventura area. All the numbers are based on data from the end of March 2013.

'Months of Inventory' simply means the amount of time it would take to sell all the properties currently listed on the market. According to the chart, we currently have just under 8 months of inventory.

The average price per square foot in the beautiful 33180 is at $245. This number has increased by 15.1% from the same time last year. What does that mean? The market is recovering, houses are worth more and will likely be worth even more than now in the future.

Now one of my favorite statistics: The total number of homes on the market in March 2013 was 629, of which 168 were new listings. 84 of those listings sold and 119 pended. Average days on the market were 86, down from 120 just a month earlier.

Those are great numbers that show activity and appreciation in the market. If you are a first-time buyer or want to trade up, now is the time to do so. Prices won't stay the same and if you are able to buy, you should really consider looking now.

The overall market update for Miami looks a little different. The first-quarter report shows that inventory is declining across the board, from low-income to luxury homes.

Compared to the same period a year ago, our inventory has fallen a staggering 24.7%, and it's not like there was much to go around then. And get this: median sales prices have jumped 17.4% for distressed properties and 7.4% for non-distressed properties.

We are seeing a rapid shrinking of South Florida's U.S. market share in distressed properties of 37.8%, which is the lowest it's been in the past three years.

Another interesting statistic: Almost 3 out of 4 purchases in the first quarter were Cash deals, proving that international buyers are continuing to strengthen our housing market. So what does this mean? If you can, by all means buy, buy, buy! Prices are rising and if you're looking for a deal it's now or never.

Inventory is tight, there is this general consensus between homeowners that now is just not the best time to sell. Sunny Isles and Aventura sellers are waiting to list because they assume that home prices will rise so much that they will get a better price.

Daren Blomquist, vice president of RealtyTrac says the right time to sell depends very much on when you bought and what you are planning to do. If you've bought during the down market, 2013 is your year. You should have built up some equity and if you're looking to trade up there's no better time than now. The value of your move-up home will actually increase faster than your current home, so you might actually lose out if you delay


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