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North Miami-Dade News

Monday, November 25, 2024

El Portal 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 El Portal rose by $62,000 while total sales remained unchanged with 19 homes sold, according to BlockShopper.com.

From July through September of 2019, there were 19 homes sold, with a median sale price of $440,000 - a 16.4% increase over the $378,000 median sale price for the same period of the previous year. There were 19 homes sold in El Portal in the third quarter of 2018, as well.

The median sales tax in El Portal for the most recent year with available data, 2015, was $3,675, approximately 0.8% of the median home sale price for the third quarter of 2019.

The following table compares El Portal 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)
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%
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%

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