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Monday, November 25, 2024

Virginia Gardens home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Virginia Gardens rose by $36,250 while total sales decreased by 55.6%, according to BlockShopper.com.

From July through September of 2019, there were four homes sold, with a median sale price of $366,250 - a 11% increase over the $330,000 median sale price for the same period of the previous year. There were nine homes sold in Virginia Gardens in the third quarter of 2018.

The median sales tax in Virginia Gardens for the most recent year with available data, 2015, was $2,942, approximately 0.8% of the median home sale price for the third quarter of 2019.

The following table compares Virginia Gardens 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)
Palmetto Bay1601600%$485,000$487,000-0.4%
South Miami534517.8%$466,000$322,30044.6%
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%

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