Facts and Trends for Aventura Real Estate

I thought it would be good to give you a graphic picture of how the inventory of all properties in Aventura has been shrinking. Inventories are down by 22% since 2008 and we can see a 173% increase in sales since 2008.

As of March 2009, we have 82 pended sales, meaning 82 properties were contracted and we are waiting for the sale.

The less inventory we have, the more stable will be the prices.

Average Price Sold

Since March of 2008 until March 2009 we have a trend as follows:  Average price asked for $528k, average price sold was $432k.  In March 2009, average price asked was $499 and average price sold was $296.

Conclusion…we are still seeing prices falling and the good news is that more people are buying and as the inventory shrinks, we should see a reversal.

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