West Miami home prices rise in March 2018

West Miami home prices rise in March 2018
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The median sale price of a home sold in March 2018 in West Miami rose by $60,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

In March 2018, there were five homes sold, with a median sale price of $390,000 – a 18.2% increase over the $330,000 median sale price for the same period of the previous year. There were five homes sold in West Miami in March 2017, as well.

The median sales tax in West Miami for the most recent year with available data, 2015, was $3,442, approximately 0.9% of the median home sale price for March 2018.

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

City Mar. 2018 Home Sales Mar. 2017 Home Sales % change (Total Home Sales) Mar. 2018 Median Sales Price Mar. 2017 Median Sales Price % change (Median Sales Price)
South Miami 17 19 -10.5% $450,000 $380,000 18.4%
Surfside 19 15 26.7% $430,000 $770,000 -44.2%
Palmetto Bay 32 50 -36% $397,500 $467,500 -15%
Biscayne Park 4 8 -50% $392,750 $335,000 17.2%
Miami Lakes 33 39 -15.4% $392,700 $336,000 16.9%
West Miami 5 5 0% $390,000 $330,000 18.2%
Bay Harbor Islands 12 10 20% $377,500 $271,000 39.3%
Miami Beach 250 232 7.8% $357,500 $315,750 13.2%
Medley 1 1 0% $357,000 $60,000 495%
Sunny Isles Beach 63 72 -12.5% $330,000 $310,000 6.5%
Country Walk 24 16 50% $330,000 $304,000 8.6%


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