Market Action Report
City: Aventura
January 2018
Aventura
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for January was 131, down 3.0% from
135 days last month and down 10.3% from 146 days in January
of last year. The January 2018 DOM was at a mid level
compared with January of 2017 and 2016.
3 Mo Avg
180
160
146
131
140
120
99
100
80
60
40
20
0
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The January 2018 Selling Price per Square Foot of $254 was up
0.6% from $253 last month and up 7.2% from 237 in January of
last year.
300
290
280
270
260
250
240
230
220
210
200
3 Mo Avg
283
254
237
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
15
16
17
18
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The January 2018 Selling Price vs Original
List Price of 89.1% was up from 88.7% last month and up from
88.0% in January of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
94%
93%
92%
91%
90%
89%
88%
87%
86%
85%
84%
91.4%
89.1%
88.0%
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,000
1,200
1,400
1,600
1,800
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the