As you can see, inventory is down quite a bit since last year this time. Only 1029 properties are on the market compared to 1414 in 2010. This very good news, indeed, for us in Aventura. You can also see that pending sales are up which indicates more closed sales in the next 60 days.
The average asking price is$ 583K and the average sold price is$ 339K so we have a way to go before prices start to climb again.
So to sum up, the average price per square foot for sold properties os $219K and the average days on the market are 129 days.
These figures are a good guide for pricing your home for sale. Call me today for information in your particular development.