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South Miami-Dade News

Wednesday, November 6, 2024

West Miami home prices fall in October 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in October 2019 in West Miami fell by $40,000 while total sales increased by 50%, according to BlockShopper.com.

In October 2019, there were six homes sold, with a median sale price of $370,000 - a 9.8% decrease over the $410,000 median sale price for the same period of the previous year. There were four homes sold in West Miami in October 2018.

The median sales tax in West Miami for the most recent year with available data, 2015, was $3,442, approximately 0.9% of the median home sale price for October 2019.

The following table compares West Miami to other Miami-Dade County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
Biscayne Park45-20%$415,000$383,0008.4%
Palmetto Bay4756-16.1%$399,000$520,650-23.4%
Miami Springs1519-21.1%$383,000$355,0007.9%
El Portal5425%$380,100$326,50016.4%
Sweetwater714-50%$380,000$259,50046.4%
West Miami6450%$370,000$410,000-9.8%
Miami Lakes2537-32.4%$360,000$345,0004.3%
Medley10-$350,000$0-
Country Walk23224.5%$336,000$326,7502.8%
Palmetto Estates1719-10.5%$305,000$300,0001.7%
Miami Beach183236-22.5%$302,500$287,0005.4%

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