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North Miami-Dade News

Monday, November 25, 2024

Biscayne Park home prices fall 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 Biscayne Park fell by $75,250 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2019, there were 12 homes sold, with a median sale price of $400,000 - a 15.8% decrease over the $475,250 median sale price for the same period of the previous year. There were 18 homes sold in Biscayne Park in the third quarter of 2018.

The median sales tax in Biscayne Park for the most recent year with available data, 2015, was $4,337, approximately 1.1% of the median home sale price for the third quarter of 2019.

The following table compares Biscayne Park 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)
Surfside2634-23.5%$547,500$595,000-8%
Miami Shores64102-37.3%$541,000$526,0002.9%
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%

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