Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $349,900
    0% ( $475 ) vs Jun 2013
  • Median Sales Price
    $384,000
    4% ( $14,000 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $213,000
    7% ( $13,000 ) vs Jun 2013
  • Foreclosures 4,678
    Homes for Sale 885
    Recently Sold 6,709

Market Summary

There are currently 4,678 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 885.

In July, the number of properties that received a foreclosure filing in Miami Beach, FL was 20% lower than the previous month and 43% lower than the same time last year.

Home sales for June 2014 were down 45% compared with the previous month, and down 42% compared with a year ago. The median sales price of a non-distressed home was $384,000. The median sales price of a foreclosure home was $213,000, or 45% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$213,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $189,950 (Median Foreclosure Sales Price) $181,500 (Median Foreclosure Sales Price) $180,000 (Median Foreclosure Sales Price) $182,500 (Median Foreclosure Sales Price) $384,000 (Median Sales Price) $370,000 (Median Sales Price) $350,000 (Median Sales Price) $350,000 (Median Sales Price) $350,000 (Median Sales Price) $360,000 (Median Sales Price) $213,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $189,950 (Median Foreclosure Sales Price) $181,500 (Median Foreclosure Sales Price) $180,000 (Median Foreclosure Sales Price) $182,500 (Median Foreclosure Sales Price) $384,000 (Median Sales Price) $370,000 (Median Sales Price) $350,000 (Median Sales Price) $350,000 (Median Sales Price) $350,000 (Median Sales Price) $360,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
2,146
41.5
% (y-o-y)
$240,000
6.3
% (y-o-y)
38.8%
49.1
% (y-o-y)
Fort Lauderdale
1,615
23.4
% (y-o-y)
$175,000
10.1
% (y-o-y)
30.8%
34.0
% (y-o-y)
Pompano Beach
848
26.6
% (y-o-y)
$150,000
11.1
% (y-o-y)
24.7%
29.6
% (y-o-y)
Hollywood
813
20.2
% (y-o-y)
$181,000
10.2
% (y-o-y)
14.4%
22.3
% (y-o-y)
West Palm Beach
763
45.5
% (y-o-y)
$140,000
16.7
% (y-o-y)
27.9%
22.9
% (y-o-y)
Boca Raton
477
45.4
% (y-o-y)
$270,000
20.0
% (y-o-y)
19.3%
27.0
% (y-o-y)
Boynton Beach
396
37.9
% (y-o-y)
$160,000
11.9
% (y-o-y)
13.8%
16.1
% (y-o-y)
Lake Worth
392
36.4
% (y-o-y)
$129,500
22.5
% (y-o-y)
8.2%
8.3
% (y-o-y)
Delray Beach
271
52.4
% (y-o-y)
$120,000
20.0
% (y-o-y)
2.8%
6.0
% (y-o-y)
Hialeah
266
40.4
% (y-o-y)
$165,000
19.2
% (y-o-y)
18.2%
28.7
% (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: 5.60%
Percentage of vacant homes: 34.52%