Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $329,950
    1% ( $3,500 ) vs Feb 2013
  • Median Sales Price
    $350,000
    3% ( $10,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $180,000
    1% ( $2,500 ) vs Feb 2013
  • Foreclosures 5,465
    Homes for Sale 884
    Recently Sold 7,117

Market Summary

There are currently 5,465 properties in Miami Beach, FL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 884.

In March, the number of properties that received a foreclosure filing in Miami Beach, FL was 26% higher than the previous month and 47% lower than the same time last year.

Home sales for February 2014 were down 24% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $350,000. The median sales price of a foreclosure home was $180,000, or 49% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$180,000 (Median Foreclosure Sales Price) $182,500 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $184,450 (Median Foreclosure Sales Price) $187,450 (Median Foreclosure Sales Price) $184,000 (Median Foreclosure Sales Price) $350,000 (Median Sales Price) $360,000 (Median Sales Price) $330,000 (Median Sales Price) $329,000 (Median Sales Price) $329,700 (Median Sales Price) $334,250 (Median Sales Price) $180,000 (Median Foreclosure Sales Price) $182,500 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $184,450 (Median Foreclosure Sales Price) $187,450 (Median Foreclosure Sales Price) $184,000 (Median Foreclosure Sales Price) $350,000 (Median Sales Price) $360,000 (Median Sales Price) $330,000 (Median Sales Price) $329,000 (Median Sales Price) $329,700 (Median Sales Price) $334,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
2,417
8.9
% (y-o-y)
$220,000
14.9
% (y-o-y)
37.1%
39.9
% (y-o-y)
Fort Lauderdale
1,626
6.9
% (y-o-y)
$160,000
23.1
% (y-o-y)
26.3%
23.8
% (y-o-y)
Pompano Beach
941
11.1
% (y-o-y)
$142,000
21.4
% (y-o-y)
22.5%
27.2
% (y-o-y)
Hollywood
851
3.9
% (y-o-y)
$175,000
26.8
% (y-o-y)
17.2%
13.0
% (y-o-y)
West Palm Beach
775
32.0
% (y-o-y)
$125,000
25.9
% (y-o-y)
26.4%
19.4
% (y-o-y)
Boca Raton
445
16.2
% (y-o-y)
$230,000
15.0
% (y-o-y)
9.4%
27.7
% (y-o-y)
Lake Worth
387
24.4
% (y-o-y)
$127,998
30.6
% (y-o-y)
14.1%
12.5
% (y-o-y)
Hialeah
324
0.9
% (y-o-y)
$151,000
16.2
% (y-o-y)
24.3%
23.0
% (y-o-y)
Boynton Beach
308
28.0
% (y-o-y)
$165,000
26.9
% (y-o-y)
23.7%
26.9
% (y-o-y)
Delray Beach
303
21.3
% (y-o-y)
$127,000
22.1
% (y-o-y)
9.8%
13.0
% (y-o-y)

Local Info For Miami Beach

Population:
87,585
Cost of Living Index: 134.93
Crime Index: 200.68     Rating: C- View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $43,538
Unemployment: 5.10%
Percentage of vacant homes: 34.52%