Miami (unincorporated) home prices rise in the third quarter of 2017

Miami (unincorporated) home prices rise in the third quarter of 2017
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The median sale price of a home sold in the third quarter of 2017 in Miami (unincorporated) rose by $20,750 while total sales decreased by 21.3%, according to BlockShopper.com.

From July through September of 2017, there were 1,953 homes sold, with a median sale price of $220,000 – a 10.4% increase over the $199,250 median sale price for the same period of the previous year. There were 2,482 homes sold in Miami (unincorporated) in the third quarter of 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 the third quarter of 2017.

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

City July – Sept. 2017 Home Sales July – Sept. 2016 Home Sales % change (Total Home Sales) July – Sept. 2017 Median Sales Price July – Sept. 2016 Median Sales Price % change (Median Sales Price)
North Miami Beach (unincorporated) 5 4 25% $273,000 $149,000 83.2%
Palmetto Estates 58 64 -9.4% $257,450 $240,000 7.3%
Kendall 374 388 -3.6% $255,000 $252,750 0.9%
North Bay Village 77 53 45.3% $246,000 $262,500 -6.3%
Opa-Locka (unincorporated) 43 55 -21.8% $221,600 $204,000 8.6%
Miami (unincorporated) 1,953 2,482 -21.3% $220,000 $199,250 10.4%
Homestead (unincorporated) 267 304 -12.2% $215,000 $190,000 13.2%
Richmond Heights 36 51 -29.4% $208,550 $184,000 13.3%
Hialeah Gardens 41 44 -6.8% $207,000 $219,450 -5.7%
Miami Gardens 412 465 -11.4% $192,750 $155,000 24.4%
Sweetwater 30 26 15.4% $191,000 $175,000 9.1%


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