Miami Shores Real Estate Report for July 22, 2008

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Currently, there are 222 single-family homes and 40 condos and town homes for sale in Miami Shores. Year-to-date 53 homes and 5 condos/town homes have been sold. In June 2008, 10 homes sold but no condos or town homes.

Single Family Homes. The median list price is $485,000. The average list price of a single-family home is $596,868 and is 2,186 square feet, which is $261 per sq.ft. The list prices range from $149,999 for 1,017 sf (sq. ft.) to $3,500,000 for 5,283 sf.

Since the beginning of the year, which is just over 6 1/2 months at this point, there have been 53 closed sales of single family homes for an average selling price of $479,892 or $219 per sf. The average ratio of the selling price to the list price has been 89.54% and has been on the market for 142 days. The median selling price was $430,000.

In the last year, 92 homes have sold. Of that number 3 were $900,000-$999,999 and 3 were over $1 million. Homes in these price ranges averaged 271 days on market.

Condos and Town Homes. The average selling price of the condos and town homes was $196,880 or $171 per sf, which was 89.17% of the list price. Average days on market was 190 days. The list prices range from $89,500 to $859,000 and the average list price is $251,585 or $203 per sf. The median list price is $217,000.

For more information about real estate in Miami Shores, Miami, Miami Beach and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs, International Real Estate Specialists and Certified Distressed Property Experts.





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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


Looks like the real estate market in Miami Shores is headed in the right directions with sales. Second half of the year should better then the first half.  

Good luck and success

Lou Ludwig

Jul 22, 2008 01:57 PM #1

it was realy wonderful blog..!

Jun 18, 2011 11:27 PM #2


Jul 28, 2011 08:46 PM #3
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Cristina Euripedes Sahlman

Miami Florida Interior Design and Antiques
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