I feel ambitious, today so I will discuss real estate trends in general and Aventura Real Estate trends in particular. First I want to show you a graph of sales of condos from February 2009 until now, April 2010. Let’s see what progress we are making and what we can do to make it better: To describe the graph opposite in a nut shell, inventory is down and sales are still at the same level, but since the sales have been consistent, we are doing better.
Our inventory has shrunk from 24 months to 19 months of properties to be sold. Better but not great.
In my opinion, sales in Aventura need more aggresssive pricing. Sellers must take notice of recent sales and realize that if they sold, it was because the price was right. There is no magic bullet that will sell an overpriced home just because the seller wills it.
There are developments in the Waterways with terrific homes, right on the harbor that have been overpriced and are still for sale after a year.
What Aventura homeowners need, is good advice when pricing their homes and then fixing these homes so they look as beautiful and possible and hiring a real estate agent who knows the market, knows how to market and is there every step of the way.
Putting your home on the market is like getting a show ready for Broadway. Step it up!! Price it RIGHT!! Sell it so you can get on with your life!!!
Call me today to answer any questions. By the way, I sold a townhouse in Golden Pointe in one month. All the others in this development are still on the market after a year.