Miami (unincorporated) home prices rise in July 2017

Miami (unincorporated) home prices rise in July 2017
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The median sale price of a home sold in July 2017 in Miami (unincorporated) rose by $34,000 while total sales decreased by 5.5%, according to BlockShopper.com.

In July 2017, there were 743 homes sold, with a median sale price of $225,000 – a 17.8% increase over the $191,000 median sale price for the same period of the previous year. There were 786 homes sold in Miami (unincorporated) in July 2016.

The median sales tax in Miami (unincorporated) for the most recent year with available data, 2015, was $2,152, approximately 1% of the median home sale price for July 2017.

The following table compares Miami (unincorporated) to other Miami-Dade County cities with similar median sales prices in July 2017:

City July 2017 Home Sales July 2016 Home Sales % change (Total Home Sales) July 2017 Median Sales Price July 2016 Median Sales Price % change (Median Sales Price)
Bay Harbor Islands 10 9 11.1% $260,000 $355,000 -26.8%
Kendall 140 123 13.8% $250,000 $234,900 6.4%
Opa-Locka (unincorporated) 22 20 10% $238,500 $175,350 36%
Doral 84 98 -14.3% $236,500 $280,000 -15.5%
North Bay Village 31 26 19.2% $235,000 $277,500 -15.3%
Miami (unincorporated) 743 786 -5.5% $225,000 $191,000 17.8%
Richmond Heights 14 15 -6.7% $221,000 $195,000 13.3%
Homestead (unincorporated) 115 96 19.8% $210,000 $187,500 12%
North Miami 79 92 -14.1% $195,000 $138,550 40.7%
Miami Gardens 170 151 12.6% $195,000 $145,300 34.2%
Hialeah 192 146 31.5% $185,800 $193,500 -4%


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