The Real Estate Mango

What is really selling in Aventura?

I thought everyone would be interested in what is really selling, since October, in the Aventura real estate market and here are some interesting facts:

1. Number of active condo units                     995     
2. Number of units closed                                22
3. Average list price                                      $316
4. Average sale price                                     $279
5. Average days on the market                         251
6. Typical unit sold                                         2 bedrooms and 2 baths

I noticed that when the property was priced right it sold in less than one week.  When it was not, it took more than a year, sometimes two years.

The big message in all this is, PRICE IS EVERYTHING!

If you are interested in getting an opinion of value of your condo or home, please email me or comment on this blog. I look forward to hearing from you.

This entry was posted on Wednesday, December 24th, 2008 at 10:51 am and is filed under Market Trends. 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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