Author: Leon Belenky
Source: articlesbase.com

Some of the most desirable areas in the nation have seen significant home value reductions due to the real estate crunch. While this has been almost universally cast as a tragedy, it represents a tremendous opportunity for first-time buyers. Some of these areas represent among the best places for families and very modern communities. While the property value may have gone up and down in recent years, the actual use value of the homes remains constant. These areas are desirable whether or not the prices are high or low. The community of Aventura, Florida, has seen price reductions in some homes ranging from 30 to 40 percent. Of course, this has created a subsequent increase in demand, meaning that these prices won’t likely last for too long. Combined with the fact that first-time buyers can get an $8,000 tax break for purchasing a home and low mortgage rates, buyers are moving in quickly on these deals. The area around Aventura makes it a good example of just how much a dollar can buy on the current real estate market. Aventura isn’t a “bohemian”, “up and coming” or “quirky” neighborhood. This neighborhood is well-established and very popular with families. It lies about 30 minutes away from Miami proper and about 15 minutes away from Ft. Lauderdale. Aventura exists as a separate city but receives services including police, fire and public transportation from Miami. The community is also home to the Aventura Mall, which consists of almost 2.5 million square feet of upscale shops and boutiques. There are also enormous theaters at this complex and it represents one of the area’s main attractions. While moving in on a good deal used to mean a “handyman’s dream” type house or a bad neighborhood, today a good deal oftentimes means just that. Home sales in Miami at large have increased over 7% over the last year. In Florida at large, that figure has increased a whopping 45%. As these sales figures climb, prices will surely follow and it’s likely that this won’t take too long to manifest. Purchasing a home in an area such as Aventura has never been more affordable. With prices down to such levels, even those buyers who have struggled to find an affordable but very desirable home should be able to find something suitable in Aventura. This community has always been popular in the past.

Sunny Realty of South Florida features technologically advanced and Internet savvy realtors. They specialize in Sunny Isles real estate, Miami real estate and luxury condominiums. SunnyIslesMiamiRealEstate.com provides instant access to the best in Miami
Beach condos.