Neighborhood Economics for Aventura Condos – Quarter 1 – 2015

The Aventura Condo Market in a Nutshell

Get a quick overview of the Aventura Real Estate Market

See the Q2 − 2015 update

The Aventura Condo Market in a Nutshell - Read our quarterly report here with all the key market data to be quickly updates on the Aventure Condo Market

The Aventura Condo Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Aventure Condo Market

The neighborhood economics blogs are excellent to gather a pulse on the Aventura Condo Market as we provide the market’s key indicators. This blog focuses on the last 3 months of Aventura Real Estate Data and is updated every quarter. All Data are derived from the MLS South Florida

Data are given for Aventura Condos in the price ranges of:

$500,000 – $1M
$1M – $2M
$2M +

Summary of the Aventura Condo Market– Q1 2015

$500,000 – $1M
While the amount of listings are increasing, the amount of sold properties remained stable compared to Q4 2014. The months of inventory saw a sharp decline from 31 months to 15 months indicating a more positive signal for sellers. The average sales price (per Sq.Ft) remained stable in this first part of 2015

$1M – $2M
While the amount of listings are increasing, the amount of sold properties remained stable compared to Q4 2014. The months of inventory saw a sharp decline and reached 14.7 months in March 2015, which is a more positive sign for sellers. Also positive for sellers is the slowly increasing price per Sq.Ft for Aventura Condos in this price range

$2M +
While the amount of listings are increasing, the amount of sold properties remained stable compared to Q4 2014. Although inventory levels reach 46 months in February, on average Q1 2015 shows lower levels of inventory than Q4 of 2014. This market however is a clear buyer’s market. In this price range the Prices per Sq.Ft show an increase compared to Q4 2014

For Sale vs Sold Properties in Aventura

Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image

Aventura Condo Market of $1M- $2M
click to enlarge

Aventura Condo Market of $2M+

The Months of Inventory in Aventura

Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image

Rules of Thumb

Buyer’s market: more than 9 months of inventory based on closed sales
Seller’s market: less than 6 months of inventory based on closed sales
Neutral market: 6 – 9 months of inventory based on closed sales