Miami home prices rise in June 2017

Miami home prices rise in June 2017
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The median sale price of a home sold in June 2017 in Miami rose by $500 while total sales decreased by 20.7%, according to BlockShopper.com.

In June 2017, there were 649 homes sold, with a median sale price of $280,000 – a 0.2% increase over the $279,500 median sale price for the same period of the previous year. There were 818 homes sold in Miami in June 2016.

The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.1% of the median home sale price for June 2017.

The following table compares Miami to other Miami-Dade County cities with similar median sales prices in June 2017:

City June 2017 Home Sales June 2016 Home Sales % change (Total Home Sales) June 2017 Median Sales Price June 2016 Median Sales Price % change (Median Sales Price)
Country Walk 25 38 -34.2% $307,000 $277,450 10.7%
Bay Harbor Islands 7 13 -46.2% $305,000 $280,000 8.9%
Virginia Gardens 1 2 -50% $300,000 $249,200 20.4%
Kendall 123 162 -24.1% $299,000 $264,000 13.3%
Aventura 128 133 -3.8% $283,250 $295,000 -4%
Miami 649 818 -20.7% $280,000 $279,500 0.2%
Cutler Bay 114 110 3.6% $265,000 $227,700 16.4%
Doral 93 83 12% $265,000 $300,000 -11.7%
South Miami (unincorporated) 31 37 -16.2% $259,000 $275,100 -5.9%
Palmetto Estates 24 26 -7.7% $258,950 $202,500 27.9%
Sweetwater 10 9 11.1% $240,050 $260,000 -7.7%


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