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Miami Courant

Saturday, September 21, 2024

West Miami home prices rise in October 2018

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The median sale price of a home sold in October 2018 in West Miami rose by $60,000 while total sales increased by 33.3%, according to BlockShopper.com.

In October 2018, there were four homes sold, with a median sale price of $410,000 - a 17.1% increase over the $350,000 median sale price for the same period of the previous year. There were three homes sold in West Miami in October 2017.

The median sales tax in West Miami for the most recent year with available data, 2015, was $3,442, approximately 0.8% of the median home sale price for October 2018.

The following table compares West Miami to other Miami-Dade County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Coral Gables8081-1.2%$572,250$620,000-7.7%
Palmetto Bay564524.4%$520,650$442,50017.7%
Miami Shores2229-24.1%$464,800$435,0006.9%
South Miami (unincorporated) 2833-15.2%$422,900$450,000-6%
Virginia Gardens34-25%$415,000$249,10066.6%
West Miami4333.3%$410,000$350,00017.1%
Biscayne Park58-37.5%$383,000$432,500-11.4%
South Miami2122-4.5%$372,500$417,500-10.8%
Miami Springs1923-17.4%$355,000$365,000-2.7%
Miami Lakes37362.8%$345,000$330,2504.5%
Sunny Isles Beach6370-10%$332,000$326,9001.6%

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