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The Aventura Condo Report | Condos for sale in Aventura
Aventura real estate offers a mixture of older and new condos: from established projects such as the Turnberry mix, the Peninsula I and Peninsula II, Atlantic 1,2 and 3 to brand new projects like Echo Aventura, Marina Palms and Prive at Island Estates. Many families are interested in Aventura Condos because of the relatively lower price levels ( In comparison to other desired areas in Miami). Aventura condos provide for amazing views over the Turnberry Golf Course, the intra-coastal and the ocean. Condos in Aventura are also known for being very expansive, so excellent for families with children who do not want to live in a single-family home.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20664" img_size="600x400"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Aventura Condo Report – Inventory levels in 2015 – 2016
Inventory levels of Aventura Condos are showing elevated numbers. Especially the higher end of the market is seeing very high numbers of inventory. High levels of inventory are an indicator prices will be adjusting soon. In order for owners to sell their Aventura Condo in a buyer's market they need to attractively price their units. Rule of Thumb- Below 6 months of inventory: More demand than supply, creating a seller’s market
- Between 6 and 9 months of inventory: A neutral market with a balanced relation between supply and demand
- More than 9 months of inventory: More supply than demand, creating a buyer’s market
The Aventura Condo Report | The Average Sales Prices per Sq.Ft for the different price ranges
Below you can see what homes of different price ranges are selling for per Sq.Ft. Generally speaking Aventura saw declining prices in the last year. Although we cannot speak of drastic price changes we do see a slight adjustment of the market prices. The high-end of the market saw a peak moment and has now settled at the same level as a year ago.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20660" img_size="600x400"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Aventura Condo Report – The Average Sales Prices per Sq.Ft over the last 4 years Looking at the general growth of the market over the last years (made easier for the eye with the help of trend lines*) we see increasing condo prices in Aventura. The properties priced below $1M show the highest increase from around $280 per Sq.Ft to around $350 per Sq.Ft, which is a 25% rise in prices. The $1M - $2M condo market saw prices rise by approximately 15%, while the luxury end of the market saw a 24% price increase. *Especially in the luxury segment of the market prices might differentiate substantially from month to months due to limited sales or a sporadic sale of a property with features that are driving prices up (eg a private beach). Using automatically generated trend lines offers the reader a better idea of where the market is heading.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20657" img_size="full"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_cta h2=""]Interesting Links and Related Aventura Real Estate News
Aventura Real Estate Blog Aventura Real Estate Market Reports Aventura News Page A Top 10 of Aventura Real Estate Aventura Luxury Condos for Sale (Resale) Aventura Pre-Construction Condos Aventura Condos - What are the best condos to invest in? Williams Island Aventura
[/vc_cta][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]Source Here: The Aventura Condo Report and Market Analysis July 2016
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