The average price per square foot for sale was $435, an increase of 2.4% compared to the same period last year. The median sales price for homes in Miami Beach from June 15 to September 15, 2015 was $384,950 based on 340 home sales.
Compared to the same period one year ago, the median home sales price increased 4.7%, or $17,450, and the number of home sales decreased 33.6%. There are currently thousands of Miami Beach listings available many available waterfront homes and over 1000 available rentals.
The average listing price for homes for sale in Miami Beach, Florida is currently $1,644,941 – the average sold price however is $693,447.
Miami Beach sales prices have appreciated 68.1% over the last 5 years. The average listing price for Miami Beach homes for sale oincreased slightly in the first week of September.
Downtown Miami Market Update
The median sales price for homes in Downtown Miami from June 15 to September 15 was $635,000. This represents an increase of 14.4%, or $80,000, compared to the prior quarter. The average listing price for homes for sale in Downtown Miami is $703,814 with 3877 available listings.
Surfside Market Update
The average selling price for homes for sale in Surfside, Florida from June 15 to September 15, 2015 was $507,973. This represents a decline of 7.8%, or $41,500, compared to the prior quarter and an increase of 10.8% compared to the prior year based on 20 home sales..
Surfside’s sales prices have appreciated 71.1% over the last 5 years.
Indian Creek Village Market Update
The average listing price for Indian Creek Village mansions for sale was $19,800,000 for the week ending September 9, 2015. There is currently only one property listed for sale on the exclusive island. The average selling price for homes for sale on Indian Creek Island is $21,648,600.
Bay Harbor Islands Market Update
The median sales price for homes for sale in Bay Harbor Islands from June 15 to September 15, 2015 was $407,608. This represents an increase of 20.5%, or $56,900, compared to the prior quarter and an increase of 36.2% compared to the prior year.
The average listing price for Bay Harbor Islands homes for sale was $847,160 for the week ending September 9, which represents a slight increase, compared to the prior week.
There are currently 151 homes for sale, two waterfront homes and 52 rentals.
Bay Harbor Islands’ sales prices have appreciated 213.9% over the last 5 years.
Bal Harbour Market Update
Average price per square foot for Bal Harbour real estate for sale was $743, an increase of 35.6% compared to the same period last year. The median sales price for homes in Bal Harbour from June 15 to September 15, 2015 was $1,084,393 based on 9 home sales. Compared to the same period one year ago, the median home sales price increased 88%, or $585,000, and the number of home sales decreased 57.1%.
The average listing price for homes for sale in Bal Harbour FL is $3,620,944 for the week ending September 9, which represents an increase of 3.6%, or $106,223, compared to the prior week and an increase of 4.5%, or $132,296, compared to the week ending August 19.
Sunny Isles Beach Market Update
The median sales price for homes for sale in Sunny Isles Beach, Florida on September 17, 2015 was $562,445.
The average listing price for Sunny Isles Beach homes for sale was $1,429,667 on September 17.
Sunny Isles Beach sales prices have appreciated 29.8% over the last 5 years.
There are currently 1,649 homes for sale in Sunny Isles Beach, 7 waterfront homes and 747 rentals.
Golden Beach Market Update
Golden Beach’s average price per square foot has increased significantly compared to the same period in 2014. The median sales price for homes for sale in Golden Beach, Florida was $2,941,198 on September, 17, 2015.
The average listings price for Golden Beach homes for sale was $6,326,017.
There are currently 47 listings available for sale, 3 waterfront homes and 15 rentals.
Golden Beach sales prices have appreciated 49.6% over the last 5 years.
Aventura Market Update
Aventura’s average sales price for homes for sale in Aventura, Florida was $370,481 on September, 17, 2015.
The average listings price for Aventura homes for sale was $612,214.
There are currently 1134 listings available for sale and 354 rentals.
Sales prices have appreciated 57.6% over the last 5 years in Aventura.
For more information on Miami real estate market conditions contact:
orld Properties Group at 407-574-5920 or [email protected].