Miami Area Home Sales | 2006 vs. 2016 Comparison

Miami Luxury Home Discounts Deals

Miami Area Home Sales | 2006 vs. 2016 Comparison

Areas Studied: Miami Beach, Surfside, Bay Harbor Islands, Bal Harbour, Sunny Isles Beach

Click any area link above for the deepest discounts today on luxury Miami homes for sale.

Miami home sales volume is 53% higher than in 2006 while sale price values are up 15%. Just 26 homes sold in these areas over the last 30 days while today’s inventory reflects 566 Miami homes for sale or a 21.7 month supply – a strong buyer’s market indeed!

Miami HOME Trends

January to April; 2006

  • YTD Closed Sales – 40
  • Median Sale Price – $1.275M
  • Median SP$/PSF – $519
  • Median DOM – 76

January to April; 2016

  • YTD Closed Sales – 85 (53 percent more sales this year)
  • Median Sale Price – $1.5M (15 percent higher than 2006)
  • Median SP$/PSF – $586 (11.5 percent higher in Sale Price PSF than 2006)
  • Median DOM – 131 (55 days longer to sell)

All figure derived from the South Florida MLXChange

Buying opportunities become abundant with selection, strategy, cash and patience. We are ahead of 2006 not only in sales volume but also sale price values when comparing residential home sales & trends over the past decade.

Want detailed statistics on a certain market segment? Just ask! Gain fast access to the latest in real estate trends, new listings, preferred developments, important news updates, sales & statistics by signing up to the Monthly VIP e-News to the right. My research is a valuable resource!

When you’re ready to buy, sell or lease in Miami-Dade or Fort Lauderdale, contact me at #888.38.DREAM. No hassle. No pressure. Just honest advice.

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