Here’s some of the recent news that Ron shared with us about the South Florida real estate market:

• Between January and May of this year, the median sales price in Miami-Dade County rose from $150,000 to $180,000.
• Between January and May of this year, the median sales price in Broward County rose from $165,000 to $190,000
• 61 percent of our company’s sales are for either a short sale or a foreclosure.  However, that is down from 67 percent just four months ago.

Ron said he is “cautiously optimistic” about the most recent trends on the South Florida real estate market.

As the inventory of South Florida homes for sale continues to dwindle, prices are expected to increase, he said.

Learn more about the current state of the South Florida real estate market by watching the below video from our company’s president.

Navigating the South Florida Real Estate Market

If you’re interested in entering the South Florida real estate market as a home buyer or home seller, contact me, Scott Patterson, your South Florida real estate expert, today.

Whether you’re an interested South Florida home buyer or a South Florida home seller, I’ll be happy to answer any questions you might have as well as provide you with a number of helpful South Florida real estate resources to help make navigating the market easier.

Until next time,

Scott

This is fantastic news for Porto Vita condominium owners who can now have luxury South Florida condominium living as well as the convenience of owning one’s own boat dock just steps away with easy access to the Haulover Ocean Cut.

With this new offer, Luxury South Florida condominium owners can have the best of both worlds!

Living in a South Florida Luxury Condominium

Residents in the North Tower at Porto Vita have the first chance to invest in one of the boat slips/docks at Porto Vita.

Here’s more information about this incredible offer:

• 60 ft length boat slips
• 18 ft beams
• Price: $75,000

Investing in South Florida Real Estate

The fact that residents at Porto Vita now can own their own boat slips and docks is just icing on the cake for residents living in one of the most luxurious condominiums in Aventura.

Porto Vita, which features two towers, is the epitome of South Florida luxury living.

This Aventura condominium offers its residents floor plans ranging from 2 to 5 bedrooms and 2,250 to 6,000 square feet.

Amenities at this cosmopolitan community include:

• Spa facilities
• Community swimming pool
• Tennis courts
• A state-of-the-art fitness center, featuring massage therapists and personal trainers
• Valet and concierge service
• Billiards
• And so much more!

Contact me to learn about available listings at Porto Vita – including my recent listing  for a 3-bedroom, 3.5-bath luxury condominium at Porto Vita.

I’ll help to make the South Florida real estate transaction process easier by providing you with such helpful South Florida home buying resources as:

• Buying South Florida Real Estate eBook
• Buyer FAQs
• And more!

Until next time,

Scott

Here’s a look at some of the features we recently added or improved:

• High definition community videos of some of our residential communities, including Hollywood Lakes, Harbor Islands, Golden Isles, Island Estates, Golden Beach and Aventura Lakes.
• Beautiful pictures of Aventura, Golden Beach, Hallandale and our other South Florida communities throughout the site to help you visualize what it’s like to live here.
• Comprehensive  summaries of our South Florida communities, including Aventura, Bal Harbour, Davie, Hallandale, Hollywood, Golden Beach and Sunny Isles.
• Community summaries on several of our South Florida neighborhoods, including Exotic Acres, Golden Gate Estates, Golden Pointe, Harbour Islands, Hollywood Lakes, Island Estates and Presidential Estates.
• Community summaries on several of our South Florida condominium communities, including Bal Harbour Bellini, Hamptons South, Ocean Palms, One Island Place, Peninsula I, The Point, and  more!

Personalized South Florida Real Estate Service

I strive to give every interested South Florida home buyer and home seller the best service possible.   That’s why we also added some of these social features to our website that helps us stay connected to you:

• Client log-in page
• EWM Mobile home search, which allows you to search for available South Florida homes using your cell phone.
• A Facebook Page so you can keep up-to-date on what we’re doing for you at EWM.  Become our friend today!
• While you’re at it, add us on Twitter as well!
• And much more!

Thinking About Entering the South Florida Real Estate Market?

With our newly designed website, it’s never been easier to navigate the South Florida Real Estate market!

Contact me, Scott Patterson, your Aventura area real estate expert today, to learn more about what we can do for you.

Until next time,

Scott

Aventura Real Estate Home Buying Consumers

What conclusions can you draw from this information? Be sure to leave a comment and let us know if you have any questions about this data.

Scott Patterson Aventura Real Estate
Phone: 305.466.3070

*Data courtesy of MLS, information believed to be accurate but is not warranted

My new listing pictured above is located at 3750 NE 1999 Terrace.  Below are some appointments.

Appointments:

• Three Stories
• Elevator
• 4 Bedrooms, 4.5 Baths
• 4,033 + sq.ft.
• 60′ deeded dock
• pool
• 2 car garage

Offered at: $1,950,000

For additional information about this listing visit my website at Porto Vita Waterfront Townhome

I just listed Porto-Vita unit #1701 in Aventura Florida.  Porto Vita is a luxury development in the heart of Aventura known for it’s luxury amenities and sophistication.  Centrally next to Aventura Mall and minutes to The Shoppes of Bal Harbour the location is hard to beat.

Quick Facts:

• 4 Bedrooms
• 6.5 Baths
• Over 5,000 sq.ft.
• Ocean, Intracoastal & Turnberry Golf Course views
• List Price: $4,500,000

If you would like additional information about this unit or Porto Vita please feel free to contact  me.

Porto-Vita is an exclusive community located on the Intracoastal waterway and across from The Fairmont Turnberry Isle Resort & Club in Aventura Florida and is considered one of the elite (higher end) developments in South Florida. Porto-Vita offers two condo towers, mid-rise condos, as well as townhomes directly on the Intracoastal waterway. Porto Vita is a Lifestyle with the most ultimate amenities including The Villa Grande Club and a 21 slip private marina. Location is everything, between both infrastructures of Miami-Dade and Fort Lauderdale Florida and minutes from shopping at “The Aventura Mall”, “The Shops of Bal Harbour” and South Beach.

Current Market Data:

Active Condo Listings: 21 (List Price Range from $1,149,000 to $6,000,000)

Active Townhome Listings: 1 (List Price $2,495,000)

There have been 3 closed sales in the past 12 months at Porto-Vita and the highest price was a condo which sold for $3,600,000 in January 2008.

Aventura Lakes

Number of current Active Listings: 16
Highest Priced Listing: $1,650,000
Lowest Priced Listing: $499,000
Number of Sales this year: 8
Highest Priced Sale YTD: $873,000
Lowest Priced Sale YTD: $620,000

Island Estates

Number of current Active Listings: 3
Highest Priced Listing: $6,700,000
Lowest Priced Listing: $5,900,000
Number of Sales this year: 1
Highest Priced YTD Sale: $4,250,000
Lowest Priced YTD Sale: N/A

Courtyards at the Point:

Number of current Active Listings: 6
Highest Priced Listing: $1,980,000
Lowest Priced Listing: $1,200,000
Number of Sales this year: 2
Highest Priced Sale YTD: $1,400,000
Lowest Priced Sale YTD: $915,000

Golden Pointe:

Number of current Active Listings: 4
Highest Priced Listing: $640,000
Lowest Priced Listing: $588,000
Number of Sales this year: 1
Highest Priced Sale YTD: $660,000
Lowest Priced Sale YTD : N/A

Aventura Estates:

Number of current Active Listings: 9
Highest Priced Listing: $1,999,000
Lowest Priced Listing: $949,000
Number of Sales this year: 2
Highest Priced Sale YTD : $1,126,000
Lowest Priced Sale YTD: Not Disclosed

Island Way:

Number of current Active Listings: 3
Highest Priced Listing: $899,999
Lowest Priced Listing: $735,000
Number of Sales this year: 5
Highest Priced Sale YTD: $970,000
Lowest Priced Sale YTD: $720,000

Presidential Estates:

Number of current Active Listings: 15
Highest Priced Listing: $3,250,000
Lowest Priced Listing: $999,000
Number of Sales this year: 5
Highest Priced Sale YTD: $3,200,000
Lowest Priced Sale YTD: $900,000

Villa Flora

Number of current Active Listings: 4
Highest Priced Listing: $3,700,000
Lowest Priced Listing: $1,999,000
Number of Sales this year: 0
Highest Priced Sale YTD: N/A
Lowest Priced Sale YTD : N/A

Porto-Vita

Number of current Active Listings: 1
Highest Priced Listing: $2,850,000
Lowest Priced Listing: N/A
Number of Sales this year: 0
Highest Priced Sale YTD: N/A
Lowest Priced Sale YTD: N/A

Scott Patterson Aventura Real Estate
Phone: 305.466.3070

*Data courtesy of MLS

Waterfront Communities In Hollywood, Hallandale, Sunny Isles, Golden Beach and Aventura!

Hollywood: Harbor Islands & Hollywood Lakes

Hallandale: Golden Isles

Sunny Isles: Golden Shores & Golden Gate

Aventura: Island Estates, Porto Vita & Williams Island

Golden Beach

Thinking of Buying a South Florida Waterfront Property?

What you should consider when thinking about buying a home in South Florida?

1. Are you a boater or are you considering purchasing a vessel in the near future?

2. What is the water depth at the property? The deeper the better and easier it will be for larger vessels to navigate since they usually draw more water. I recommend a minimum of 5 feet low-mean tide. Be sure you know – “What’s the draft of your vessel or future vessel?”

3. Are there any fixed bridges in your area you will be navigating? If so, what is the clearance/height at high tide? Many times fixed bridges are tall enough for about any vessel to get by.

4. Location to the ocean cut, in other words how far will it take you if you have a vessel to get out to the ocean via the inlet.

5. How wide is your dock and the canal, will the length of your dock meet your vessels overall length? Also, typically the wider the canal the more privacy you will have.

6. Is the property located in a wake zone or no wake zone?

7. For the most part, South Florida properties offering open water views have the steepest price tags for obvious reasons like the alluring views and privacy but are not always great in terms of docking your vessel at the property due to the rough seas & wakes from other vessels.

8. Does it have a dock with the correct services: 30, 50 or 100 amp service, water, cable and telephone?

9. Most importantly, is your seawall and dock deeded to your South Florida property?

Owning a Piece of South Florida Paradise Can be Yours!

All and all you almost can’t go wrong buying waterfront properties in the South Florida communities of Aventura, Golden Beach, Hallandale, Hollywood and Sunny Isles. It is one of South Florida’s biggest draw and with no more land being created, it is truly owning a piece of paradise. Money goes to Water!

Are You an Avid South Florida Boater?

What other features or characteristics would you add to this list?

Thanks for the feedback!

Scott