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Tag Archives: North Tower

The Point of Aventura “Sold Price Per Square Foot”

The Point of Aventura is a waterfront community comprised of five towers and courtyard homes located in the heart of Aventura Florida along the Intracoastal waterway. Amenities include Intracoastal pool, Club and Spa (cardio and weight room), tennis courts, childrens playground, game room,  restaurant and salon.  Each tower has unique views to offer of the  Atlantic Ocean, Intracoastal and City.

The Point

Highest and Lowest sale per/sq.ft. in the Past 6 Months
– Highest: Atlantic II Unit #2401 sold for $322 sq.ft. on 8-14-2009 for $850,000 (see unit) 21150 Point Place #2401-6244

– Lowest: Atlantic I Unit #704 sold for $197 sq.ft. on 5-26-2009 for $625,000 (see unit)

See all closed sales in the past 6 months

A really great tool for determining the list price for a property is to find out what the current Absorption Rate and Months Supply of Inventory is at the time.  It is beneficial in assisting  Sellers and Buyers to better understand the market and forecast trends.  Absorption rate is the time it takes to sell the current inventory at the present rate of sales, currently the absorption rate for The Point Condos is 3.92 p/month, therefore on average 4 listings are selling every month.

When it comes to Months Supply of Inventory a  supply of 6 to 9 months is optimum and anything over 9 months is generally considered a Buyer’s Market.  Currently there is 13 months supply of inventory at the Point.

For information on active listings or additional information please contact me anytime.