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North Miami-Dade News

Monday, November 25, 2024

West Miami home prices rise in the third quarter of 2019

Realestate077

The median sale price of a home sold in the third quarter of 2019 in West Miami rose by $37,700 while total sales increased by 10.5%, according to BlockShopper.com.

From July through September of 2019, there were 21 homes sold, with a median sale price of $360,000 - a 11.7% increase over the $322,300 median sale price for the same period of the previous year. There were 19 homes sold in West Miami in the third quarter of 2018.

The median sales tax in West Miami for the most recent year with available data, 2015, was $3,442, approximately 1% of the median home sale price for the third quarter of 2019.

The following table compares West Miami to other Miami-Dade County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
El Portal19190%$440,000$378,00016.4%
Biscayne Park1218-33.3%$400,000$475,250-15.8%
Miami Springs4147-12.8%$385,000$350,00010%
Virginia Gardens49-55.6%$366,250$330,00011%
Miami Lakes97102-4.9%$360,000$343,8504.7%
West Miami211910.5%$360,000$322,30011.7%
Miami Beach614701-12.4%$347,500$320,0008.6%
Country Walk96897.9%$340,000$348,000-2.3%
South Miami (unincorporated) 97925.4%$340,000$253,75034%
Sunny Isles Beach20617021.2%$320,000$321,250-0.4%
Doral236269-12.3%$315,000$284,00010.9%

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