South Miami-Dade Real Estate Market Update

         For Zip Code 33196

• Sold in Past 6 months -48
• Closed Price range $200,000 - $570,000
  
• Average Sold Price - $334,000
• Average sale to list price ratio - 93%
• Average time on market - 3.3 months
• Current Properties on the market for sale-175
• Current Price range - $175,000-$2,495,000 (Avg. $369,000)
• Supply of properties in relation to sales - 4.4 Year

        For Zip Code 33187

• Sold in Past 6 months -31
• Closed Price range $89,900-$509,000
  
• Average Sold Price - $327,000
• Average sale to list price ratio - 95%
• Average time on market - 3 months
• Current Properties on the market for sale-273
• Current Price range - $49,400-$2,295,000 (Avg. $449,000)
• Supply of properties in relation to sales - 4.4 Yea

        For Zip Code 33170

• Sold in Past 6 months -15
• Closed Price range $65,000-$850,000
  
• Average Sold Price - $357,186
• Average sale to list price ratio - 93%
• Average time on market - 4 months
• Current Properties on the market for sale-195
• Current Price range - $99,000-$2,499,000 (Avg. $392,000)
• Supply of properties in relation to sales - 6.5 Years
  

        For Zip Code 33030

• Sold in Past 6 months -45
• Closed Price range $92,000-$645,000
  
• Average Sold Price - $252,000
• Average sale to list price ratio - 93%
• Average time on market - 4.1 months
• Current Properties on the market for sale-381
• Current Price range - $29,000-$3,600,000 (Avg. $312,000)
• Supply of properties in relation to sales - 4.4 Years

        For Zip Code 33031

• Sold in Past 6 months -31
• Closed Price range $204,000-999,000
  
• Average Sold Price - $446,000
• Average sale to list price ratio - 94%
• Average time on market - 5 months
• Current Properties on the market for sale-174
• Current Price range - $49,400-$2,295,000 (Avg. $602,000)
• Supply of properties in relation to sales - 2.8 Years

        For Zip Code 33032

• Sold in Past 6 months -36
• Closed Price range $100,000-$380,000
  
• Average Sold Price - $226,000
• Average sale to list price ratio - 98%
• Average time on market - 3 months
• Current Properties on the market for sale-523
• Current Price range - $99,000-$4,750,000 (Avg. $296,000)
• Supply of properties in relation to sales - 7.2 Years 

* Single Family Residential Statistics ONLY!

What does this mean for sellers of  Properties in South-West Miami-Dade County? Let's take a quick look...

Sellers - this means to you that homes that are priced correctly for the market are selling in about 3-5 months for an average of 95% of list price.

1. Best zip for least amount of competition - 33031 (2.8 years of supply)
2. Best zip for highest average sale price - 33031 ($446,000)
3. Best zip to sell the fastest - 33187 and 33032 (3 months)
4. Best zip to sell closest to list price - 33032 (98%)

If you are thinking about selling your property, contact Janie at 786-252-4970.

Janie Coffey, Broker, GRI, TRC

Papillon Real Estate, LLC

786-252-4970

janie@janiecoffey.com

(if you ARE an Active Rain member)

(Subscribe in a reader if you are NOT an Active Rain Member)