Miami Area Home Sales | A Snapshot of History & Trends

Have you been curious where Miami home prices are heading for the remainder of this year and into 2016? Here is a general snapshot of the total number of home sales per year, sale price averages (SP$/PSF with YOY Trend) and days on market (DOM) including both waterfront and non-waterfront homes in premier areas of Miami. Check back in a few months for a new update on where prices have ended for the year. For a detailed analysis on your property, contact me today and these figures may show a completely different picture ie) Waterfront home on Venetian Islands

Miami Beach Homes

There are 290 Miami Beach homes for sale today with the average asking price per square foot at $1,050 and an average asking price of $5.348M

2011 – Total Sales 261 – Average SP$/PSF $395 – DOM 185
2012 – Total Sales 295 – Average SP$/PSF $454 (up 13%) – DOM 194
2013 – Total Sales 337 – Average SP$/PSF $498 (up 9%) – DOM 146
2014 – Total Sales 323 – Average SP$/PSF $627 (up 21%) – DOM 138
2015 – Total Sales 206 – Average SP$/PSF $668 (up 6%) – DOM 139

Golden Beach Homes

There are 28 homes for sale today with the average asking price per square foot at $1,199 and an average asking price of $6.547M

2011 – Total Sales 23 – Average SP$/PSF $453 – DOM 384
2012 – Total Sales 17 – Average SP$/PSF $615 (up 26%) – DOM 373
2013 – Total Sales 20 – Average SP$/PSF $647 (up 5%) – DOM 489
2014 – Total Sales 16 – Average SP$/PSF $620 (down 4%) – DOM 427
2015 – Total Sales 10 – Average SP$/PSF $551 (down 11%) – DOM 507

Sunny Isles Beach Homes

There are 25 homes for sale today with the average asking price per square foot at $712 and an average asking price of $2.447M

2011 – Total Sales 14 – Average SP$/PSF $288 – DOM 154
2012 – Total Sales 32 – Average SP$/PSF $267 (down 7%) – DOM 145
2013 – Total Sales 22 – Average SP$/PSF $345 (up 23%) – DOM 171
2014 – Total Sales 25 – Average SP$/PSF $388 (up 11%) – DOM 87
2015 – Total Sales 13 – Average SP$/PSF $383 (down 1%) – DOM 133

Bal Harbour Homes

There are 8 homes for sale today with the average asking price per square foot at $1,240 and an average asking price of $9.649M

2011 – Total Sales 9 – Average SP$/PSF $401 – DOM 104
2012 – Total Sales 7 – Average SP$/PSF $520 (up 23%) – DOM 156
2013 – Total Sales 5 – Average SP$/PSF $1,097 (up 53%) – DOM 515
2014 – Total Sales 2 – Average SP$/PSF $647 (down 41%) – DOM 115
2015 – Total Sales 3 – Average SP$/PSF $615 (down 5%) – DOM 57

Surfside Homes

There are 23 homes for sale today with the average asking price per square foot at $608 and an average asking price of $1.573M

2011 – Total Sales 50 – Average SP$/PSF $206 – DOM 157
2012 – Total Sales 54 – Average SP$/PSF $232 (up 11%) – DOM 151
2013 – Total Sales 39 – Average SP$/PSF $292 (up 21%) – DOM 104
2014 – Total Sales 69 – Average SP$/PSF $321 (up 9%) – DOM 88
2015 – Total Sales 44 – Average SP$/PSF $393 (up 18%) – DOM 103

North Bay Village Homes

There are 8 homes for sale today with the average asking price per square foot at $583 and an average asking price of $1.177M

2011 – Total Sales 18 – Average SP$/PSF $198 – DOM 147
2012 – Total Sales 27 – Average SP$/PSF $235 (up 16%) – DOM 69
2013 – Total Sales 25 – Average SP$/PSF $301 (up 22%) – DOM 126
2014 – Total Sales 21 – Average SP$/PSF $269 (down 11%) – DOM 80
2015 – Total Sales 10 – Average SP$/PSF $417 (up 35%) – DOM 128

Coral Gables Homes

There are 328 homes for sale today with the average asking price per square foot at $525 and an average asking price of $2.755M

2011 – Total Sales 474 – Average SP$/PSF $277 – DOM 147
2012 – Total Sales 544 – Average SP$/PSF $309 (up 10%) – DOM 119
2013 – Total Sales 633 – Average SP$/PSF $332 (up 7%) – DOM 95
2014 – Total Sales 547 – Average SP$/PSF $374 (up 11%) – DOM 95
2015 – Total Sales 371 – Average SP$/PSF $396 (up 6%) – DOM 104

Coconut Grove Homes

There are 81 homes for sale today with the average asking price per square foot at $567 and an average asking price of $2.778M

2011 – Total Sales 119 – Average SP$/PSF $296 – DOM 158
2012 – Total Sales 99 – Average SP$/PSF $290 (down 2%) – DOM 129
2013 – Total Sales 142 – Average SP$/PSF $333 (up 13%) – DOM 84
2014 – Total Sales 128 – Average SP$/PSF $410 (up 19%) – DOM 83
2015 – Total Sales 80 – Average SP$/PSF $429 (up 4%) – DOM 114

Key Biscayne Homes

There are 89 homes for sale today with the average asking price per square foot at $1,286 and an average asking price of $6.673M

2011 – Total Sales 68 – Average SP$/PSF $713 – DOM 222
2012 – Total Sales 78 – Average SP$/PSF $749 (up 5%) – DOM 217
2013 – Total Sales 67 – Average SP$/PSF $862 (up 13%) – DOM 164
2014 – Total Sales 73 – Average SP$/PSF $876 (up 2%) – DOM 170
2015 – Total Sales 42 – Average SP$/PSF $958 (up 9%) – DOM 178

(Figures are derived from the South Florida Regional Multiple Listing Service September 2015)

The Miami Beach Real Estate Blog is a comprehensive resource for Sunny Isles & Miami Beach real estate information. Whether you’re looking for the latest in off-market properties, condo resales, luxury homes in Miami, or market trends, I have it all here for your convenience. Review new listings, property information & buying options on new Miami construction, premier gated communities, waterfront homes, Miami lofts, luxury townhomes, Miami Penthouses plus much more. Contact me for the very best properties of Bal Harbour, Miami Beach, Sunny Isles Beach, Aventura, Surfside, North Bay Village and South Beach. I also cover premier areas of Key Biscayne, Coconut Grove, Coral Gables and Bay Harbour Islands. If you are interested or know someone interested in buying or selling a property in Miami, it’s essential to work with someone who knows the neighborhood. Contact me here or at my office #786.27.DREAM or toll-free at 888.38.DREAM.

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Miami Area Home Sales | A Snapshot of History & Trends