There are currently 453 single family homes for sale in Miami Beach. In June 2008, 12 houses sold for an average of $2,079,000 and was on the market for an average of 112 days. The median price was $1,910,000 and the sold price to list price percentage averaged 87%. It seems the market has slowed some as only 9 houses went into contract or pending. Half of the houses sold were waterfront.
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Date
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4/07
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5/07
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6/07
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7/07
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8/07
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9/07
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10/07
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11/07
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12/07
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1/08
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2/08
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3/08
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4/08
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5/08
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6/08
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For Sale
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420
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401
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402
|
412
|
411
|
427
|
443
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454
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456
|
483
|
503
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483
|
478
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463
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453
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Sold
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11
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21
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9
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12
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14
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12
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10
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8
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7
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7
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9
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12
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10
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11
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12
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Pended
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13
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18
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13
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11
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11
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10
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5
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9
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8
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11
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8
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14
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24
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17
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9
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Mon of Inv. on Sold
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38.2
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19.1
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44.7
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34.3
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29.4
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35.6
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44.3
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56.8
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65.1
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69.0
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55.9
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40.3
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47.8
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42.1
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37.8
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Mon of Inv. on Pended
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32.3
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22.3
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30.9
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37.5
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37.4
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42.7
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88.6
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50.4
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57.0
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43.9
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62.9
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34.5
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19.9
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27.2
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50.3
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Avg. Act Price
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3108
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3093
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3146
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3044
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2932
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2845
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2674
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2629
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2614
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2597
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2713
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2672
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2646
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2725
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2723
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Avg. Sld Price
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2320
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1932
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2378
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1956
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1385
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1306
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3594
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2288
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905
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2357
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1383
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2505
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3069
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3947
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2079
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Avg. Sq. Ft. Price
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597.47
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645.96
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681.65
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641.91
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390.54
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482.91
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735.5
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650.9
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374.32
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625.48
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449.08
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825.05
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774.98
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735.84
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696.58
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Sold/List Diff. %
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85
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86
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86
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91
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86
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90
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88
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81
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96
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83
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90
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98
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78
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84
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87
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Days On Market
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126
|
197
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147
|
130
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144
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125
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183
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195
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117
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101
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199
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177
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220
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237
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112
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Median Price
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1900
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1150
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1575
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1550
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1285
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1088
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1349
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1080
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855
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657
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1300
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1150
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1448
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3500
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1910
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This representation is based in whole or in part on data supplied by Southeast Florida Association of Realtors or its MLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
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Facts and TrendsTM
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Published Jul. 2008
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Location : Muni 02
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Months of Inventory Based on Closed Sales
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Price Range: $0 - No Limit
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SQFT Range: 0 - No Limit
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Single Family Homes - All Properties
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Prepared for you by: Michael Sahlman, P.A.
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Date
|
4/07
|
5/07
|
6/07
|
7/07
|
8/07
|
9/07
|
10/07
|
11/07
|
12/07
|
1/08
|
2/08
|
3/08
|
4/08
|
5/08
|
6/08
|
|
For Sale
|
420
|
401
|
402
|
412
|
411
|
427
|
443
|
454
|
456
|
483
|
503
|
483
|
478
|
463
|
453
|
|
Sold
|
11
|
21
|
9
|
12
|
14
|
12
|
10
|
8
|
7
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7
|
9
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12
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10
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11
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12
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Pended
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13
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18
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13
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11
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11
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10
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5
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9
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8
|
11
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8
|
14
|
24
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17
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9
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Mon of Inv. on Sold
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38.2
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19.1
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44.7
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34.3
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29.4
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35.6
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44.3
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56.8
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65.1
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69.0
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55.9
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40.3
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47.8
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42.1
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37.8
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Mon of Inv. on Pended
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32.3
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22.3
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30.9
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37.5
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37.4
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42.7
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88.6
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50.4
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57.0
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43.9
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62.9
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34.5
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19.9
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27.2
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50.3
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Avg. Act Price
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3108
|
3093
|
3146
|
3044
|
2932
|
2845
|
2674
|
2629
|
2614
|
2597
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2713
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2672
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2646
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2725
|
2723
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Avg. Sld Price
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2320
|
1932
|
2378
|
1956
|
1385
|
1306
|
3594
|
2288
|
905
|
2357
|
1383
|
2505
|
3069
|
3947
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2079
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Avg. Sq. Ft. Price
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597.47
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645.96
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681.65
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641.91
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390.54
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482.91
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735.5
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650.9
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374.32
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625.48
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449.08
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825.05
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774.98
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735.84
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696.58
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Sold/List Diff. %
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85
|
86
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86
|
91
|
86
|
90
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88
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81
|
96
|
83
|
90
|
98
|
78
|
84
|
87
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Days On Market
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126
|
197
|
147
|
130
|
144
|
125
|
183
|
195
|
117
|
101
|
199
|
177
|
220
|
237
|
112
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|
Median Price
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1900
|
1150
|
1575
|
1550
|
1285
|
1088
|
1349
|
1080
|
855
|
657
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1300
|
1150
|
1448
|
3500
|
1910
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This representation is based in whole or in part on data supplied by Southeast Florida Association of Realtors or its MLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
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SOURCE: TRENDGRAPHIX AND SOUTHEAST FLORIDA MLS
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Very nice report, WOW on those prices!