5 interesting real estate facts about Aventura

Located between Biscayne Boulevard and the Intracoastal Waterway, Aventura is 13 miles north of Downtown Miami and 15 miles south of Fort Lauderdale. Aventura Florida is a great place to purchase a house or an apartment due to its amazing location. Furthermore, it is a more residential environment and ideal for families. It is close to the city’s beautiful beaches, shopping malls, and attractions. If you are planning on hiring some of the best moving companies Miami offers, you need to have all the real estate facts about Aventura prior.

What’s it like living in Aventura, Florida?

Aventura is known for its huge shopping mall and its beautiful beaches, but there’s much more to this charming city than that. People from all over the world wish to come to Aventura. Attracted by its great location, calm atmosphere, proximity to the best beaches, ample parks, and a wide variety of real estate options. If you are moving to Florida, you will for sure enjoy them all.

Aventura is actually a neighborhood of Miami, Florida. It has a population of around 37,000 and is one of the best places to live in Florida. If you relocate here, you will soon live with an urban feel place.  In Aventura, there are many restaurants, coffee shops, and parks. It is also a great place for retirees, due to its sunny weather and plenty of amenities. However, it’s best for families with children, as the education is amazing, and the public schools are highly rated.

Here are some real estate facts about Aventura

The interesting thing is- most residents own their homes in Aventura. It’s an amazing place with some great weather, and it’s no wonder why local movers Florida offers so much work during the year. If you are one of those, it would be good to check out some of the interesting facts about the real estate market prior to purchasing a home or an apartment before you relocate.

The prices might not be what you expected

Aventura’s housing market is not as competitive as one might think. In November 2022, the average sale price of a home in Aventura was $533k. This means the price went up 41.2% since last year. The average sale price per square foot in Aventura is $382, (up 32.6% since last year). It’s also important to mention homes sold compared to the last year. In November 2022, there were around 100 homes sold compared to 180 last year. The average size for an apartment in Aventura, FL is 1,019 square feet, but this number varies greatly depending on unit type. A cheap apartment could be as small as 500 square feet, while a luxury one could be over 2,000 square feet and still be affordable. The current average rent is around $2,900.

The ownership is diverse

Aventura has a diverse population. Thirty-five percent of those residing in the area are Hispanic, with smaller parts African-American and Asian. Aventura is home to people of many different backgrounds and religions. This diversity makes Aventura, and the rest of Miami, very unique. You’ll find these influences in the restaurants, shops, activities, and communities in this city. And of course, this influences the real estate market. Only 44% of US citizens own a home in Aventura, and the rest is owned by either businesses or people from Argentina, Colombia, Russia UK, Mexico, Brazil, etc. If you plan on hiring a moving company Aventura Florida, this might be a valuable piece of information.

Housing is very luxurious

Aventura is home to some of the most impressive real estate in the area. From modest homes to ultra-luxury condos, there is something for everyone in town. Many of the most desirable properties in the area are to be found in gated communities like Chateau Gardens and Portsview at the Waterways, where you can find luxurious single-family homes with canal access. Out of the water, Aventura/Sunny Isles real estate options include more approachable single-family homes and condos in modest low-rises. In the last week, a house that sold for $1.5 million topped the list of most expensive real estate sales in Aventura/Sunny Isles.

The city didn’t start out luxurious

Aventura has undergone a tremendous transformation from its humble beginnings. Back in the ’60s, this was just a swamp, that many didn’t consider prosperous. Luckily, Turnberry Associates began building Aventura in 1979 and has since built a portfolio of projects including Aventura Mall, with more than 300 retail shops and restaurants, as well as more than 7,600 apartments and condominium units. The company strives to make cities prosperous and strong and has earned a reputation for excellence, creativity, and civic responsibility. In a short time of only 50 years, the city developed into one of the most sought-after places in the whole of Florida.

Businesses own almost a quarter of all real estate

The city of Aventura has a dynamic business market. Since its development, plenty of shops, small businesses, restaurants, spa’s and many other venues opened up. As a matter of fact, 24% of businesses own some sort of a real estate in Aventura, Florida. This is quite an interesting fact, especially for those who wish to start their own business here.

Aventura’s real estate market is very diverse and interesting. Prior to purchasing or renting your own home, it would be best to check out all the real estate facts about Aventura and then make your final decision. Once you relocate, you will be able to enjoy one of the most attractive cities in Florida. The great outdoors, or visits to America’s third biggest mall- the one thing is certain- you will never be bored.

References:

https://www.miamiresidence.com/market-trends/aventura.htm