Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $341,400
    3% ( $11,400 ) vs Oct 2013
  • Median Sales Price
    $390,000
    3% ( $10,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $268,700
    1% ( $3,700 ) vs Oct 2013
  • Foreclosures 4,463
    Homes for Sale 662
    Recently Sold 6,494

Market Summary

There are currently 4,463 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 662.

In November, the number of properties that received a foreclosure filing in Miami Beach, FL was 27% lower than the previous month and 27% lower than the same time last year.

Home sales for October 2014 were up 25% compared with the previous month, and up 59% compared with a year ago. The median sales price of a non-distressed home was $390,000. The median sales price of a foreclosure home was $268,700, or 31% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$268,700 (Median Foreclosure Sales Price) $265,000 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $233,700 (Median Foreclosure Sales Price) $213,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $390,000 (Median Sales Price) $400,000 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price) $384,000 (Median Sales Price) $370,000 (Median Sales Price) $268,700 (Median Foreclosure Sales Price) $265,000 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $233,700 (Median Foreclosure Sales Price) $213,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $390,000 (Median Sales Price) $400,000 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price) $384,000 (Median Sales Price) $370,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
3,051
28.7
% (y-o-y)
$240,000
3.4
% (y-o-y)
37.8%
46.1
% (y-o-y)
Fort Lauderdale
1,823
3.9
% (y-o-y)
$177,000
7.3
% (y-o-y)
24.9%
35.2
% (y-o-y)
West Palm Beach
1,373
85.0
% (y-o-y)
$140,000
14.5
% (y-o-y)
17.1%
22.3
% (y-o-y)
Pompano Beach
975
6.3
% (y-o-y)
$158,250
6.6
% (y-o-y)
20.7%
31.6
% (y-o-y)
Hollywood
909
3.8
% (y-o-y)
$185,000
4.5
% (y-o-y)
12.4%
23.7
% (y-o-y)
Boca Raton
597
25.9
% (y-o-y)
$254,530
10.7
% (y-o-y)
19.5%
20.1
% (y-o-y)
Delray Beach
560
69.7
% (y-o-y)
$125,000
31.6
% (y-o-y)
Data not available
Lake Worth
544
45.1
% (y-o-y)
$138,000
25.5
% (y-o-y)
15.7%
8.2
% (y-o-y)
Boynton Beach
527
59.7
% (y-o-y)
$180,000
6.7
% (y-o-y)
27.8%
32.3
% (y-o-y)
Homestead
425
49.6
% (y-o-y)
$120,000
16.1
% (y-o-y)
4.2%
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: 5.20%
Percentage of vacant homes: 34.52%