Miami Beach, FL Market Update for September 2007 |
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10/22/2007
Here are the latest real estate market statistics for Miami Beach, FL area.
These numbers represent single family home (SFR) sales only.
Percentage of homes on the market with the asking price had been reduced: 38.8%*
All numbers are from the MLS and are deemed reliable but not guaranteed.
*Market numbers as of 10/25/2007: 4,761 properties on the market with 1,848 showing price reductions.
Days on market reflect number of days between listing date on MLS and close of escrow.
These numbers represent single family home (SFR) sales only.
Percentage of homes on the market with the asking price had been reduced: 38.8%*
Average |
August 2007 |
September 2007 |
% Change |
Asking Price |
$$659,421 |
$866,710 |
31.4% |
Sales Price |
$595,567 |
$742,598 |
24.7% |
% of Asking Price |
90% |
86% |
-4.0% |
$/SQFT |
$437 |
$527 |
20.6% |
Days on Market |
125 |
117 |
-6.4% |
Total Transactions |
103 |
94 |
-8.7% |
All numbers are from the MLS and are deemed reliable but not guaranteed.
*Market numbers as of 10/25/2007: 4,761 properties on the market with 1,848 showing price reductions.
Days on market reflect number of days between listing date on MLS and close of escrow.
