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North Miami-Dade News

Monday, November 25, 2024

Miami Shores 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 Miami Shores rose by $15,000 while total sales decreased by 37.3%, according to BlockShopper.com.

From July through September of 2019, there were 64 homes sold, with a median sale price of $541,000 - a 2.9% increase over the $526,000 median sale price for the same period of the previous year. There were 102 homes sold in Miami Shores in the third quarter of 2018.

The median sales tax in Miami Shores for the most recent year with available data, 2015, was $5,265, approximately 1% of the median home sale price for the third quarter of 2019.

The following table compares Miami Shores 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)
Bal Harbour392934.5%$925,000$1,150,000-19.6%
Key Biscayne6566-1.5%$900,000$807,00011.5%
Pinecrest1221119.9%$787,500$732,0007.6%
Coral Gables2602561.6%$675,550$620,0009%
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%

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