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)

2006 vs. 2016 Median Sale Price $ HOMES
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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.

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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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Miami Area Home Sales | 2006 vs. 2016 Comparison