recent sales: Miami Real Estate Market Report for May 2008
- 06/21/08 04:33 PM
In Miami-Dade County for May 2008, there were 1,004 closed sales. Currently, there are 42,956 condos and houses for sale in the county. 1,567 units are pending sale -meaning they went into contract. The average sale price was $496,000, however, the median price was $288,000. Average days on market was 134 and sold for an average of 91% of list price. A year ago, inventory was 37,820 units and there were 1,572 closed sales. From one year ago, there was an increase in inventory of over 5,000 units or more than 13%, where as there was a sales decrease of more than … (4 comments)
recent sales: Fisher Island Real Estate Sales Statistics for April 2008
- 06/08/08 07:09 AM
There were 2 closed sales at Fisher Island for the month of April, which brings the total to 5 closed sales for the first four months of 2008. Average days on market for the 5 sales was 319 days. Last year there were 4 closed sales in April 2007 and 15 sales in the first four months of 2007. Currently, Fisher Island has 140 residential properties for sale. Based on the first four months of this year, it will take 9 years to sell the remaining inventory. Of course, we expect things to pick up, however, this is one of … (0 comments)
Information about real estate in Miami Beach, South Beach and nearby oceanfront and waterfront areas. Check here for the latest market reports on condos and luxury homes and related information.
In Miami-Dade County for May 2008, there were 1,004 closed sales. Currently, there are 42,956 condos and houses for sale in the county. 1,567 units are pending sale -meaning they went into contract. The average sale price was $496,000, however, the median price was $288,000. Average days on market was 134 and sold for an average of 91% of list price.
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