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South Miami-Dade News

Wednesday, November 6, 2024

Key Biscayne home prices rise in November 2019

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The median sale price of a home sold in November 2019 in Key Biscayne rose by $42,200 while total sales decreased by 38.1%, according to BlockShopper.com.

In November 2019, there were 13 homes sold, with a median sale price of $735,000 - a 6.1% increase over the $692,800 median sale price for the same period of the previous year. There were 21 homes sold in Key Biscayne in November 2018.

The median sales tax in Key Biscayne for the most recent year with available data, 2015, was $10,735, approximately 1.5% of the median home sale price for November 2019.

The following table compares Key Biscayne to other Miami-Dade County cities with similar median sales prices in November 2019:

CityNov. 2019 Home SalesNov. 2018 Home Sales% change (Total Home Sales)Nov. 2019 Median Sales PriceNov. 2018 Median Sales Price% change (Median Sales Price)
Golden Beach220%$2,700,000$1,575,00071.4%
Surfside510-50%$876,600$665,00031.8%
Key Biscayne1321-38.1%$735,000$692,8006.1%
Pinecrest1834-47.1%$660,000$852,500-22.6%
Coral Gables5567-17.9%$625,000$600,0004.2%
Biscayne Park5425%$600,000$410,50046.2%
Palmetto Bay413132.3%$520,000$440,00018.2%
South Miami1016-37.5%$518,000$392,15032.1%
Bal Harbour10666.7%$477,500$1,015,000-53%
El Portal60-$455,000$0-
Miami Springs1620-20%$445,750$388,50014.7%

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