Market Action Report
City: Aventura
August 2017
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 August was 128, down 10.5% from
143 days last month and down 16.3% from 153 days in August of
last year. The August 2017 DOM was at a mid level compared
with August of 2016 and 2015.
3 Mo Avg
180
153
160
140
128
120
100
100
80
60
40
20
0
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 F M A M J J A
14
15
16
17
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 August 2017 Selling Price per Square Foot of $252 was down
0.9% from $254 last month and down 7.4% from 272 in August
of last year.
300
290
280
270
260
250
240
230
220
210
200
3 Mo Avg
272
252
243
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 F M A M J J A
14
15
16
17
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 August 2017 Selling Price vs Original
List Price of 90.0% was up from 87.8% last month and up from
88.7% in August 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%
90.0%
89.9%
88.7%
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 F M A M J J A
14
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
800
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
relationship between these items. The number of New Listings
in August 2017 was 264, up 17.3% from 225 last month