In July 2010, we had 14.8 months of inventory in Aventura. Now we have sold off quite a chunk of properties which leaves us with 12.5 months of inventory. In July of 2010, there were 1,373 properties for sale in Aventura, now there are 1,040. Good News for obvious reasons.
If the asking prices on our current inventory of properties was more realistic, there would be even more sales to boast of.
It is important to remember this when listing your home for sale in today’s market.
There are buyers out there looking for a good buy, not a steal…just a realistic price that reflects the value of the home!!