By Guest Contributor, Mike Brunnberg, Manager, Coldwell Banker Residential Real Estate Aventura office
The current real estate market in Aventura offers a spectacular selection of the most gorgeous residences in South Florida. With 11.6 months of inventory in the $200,000+ price range, the average price per square foot through October is $194 which represents an increase from 4.1% from last month and 10% from a year ago. Properties are taking slightly little longer to sell, compared to a year ago, with the average Days on the Market increasing from 111 to 116. The average sales price is $263/square foot; however, the average price on the market is $645/square foot.
The most active price point is the under $300,000 price range, with limited inventory in solid buildings with good operating associations and no assessments.
If you’re considering the Aventura market, there’s nothing quite like it. I invite you to explore a complete list of available properties at www.Floridamoves.com/Aventura.
Data supplied by Trendgraphix based on information from the Southeast Florida Multiple Listing Service pulled on December 2, 2011.