Saturday, March 31, 2012

Real estate in South Florida, Aventura a hot topic. Inventory drops as sales jump

Pending sales jump as inventory drops making it a great time to buy AND sell. The article in the link from THE shows pending sales South Florida inventory in February while below you will find information for Aventura condos and townhomes.

Although Feb 2012 had an extra day over Feb 2011, clearly the number of residential listings going under contract is increasing. In Aventura, pending sales for condos went up 23% in year over year as well as over January. Right now there are only 19 bank owned listings for sale in Aventura and 56 short sales listed for sale -- about 8% of what is for sale. Last year more than 35% of sales of Aventura condos were short sales or foreclosures. Interest rates are back below 4%. Now are you ready to buy?