The median sale price of a home sold in the first quarter of 2018 in West Miami rose by $100,000 while total sales decreased by 29.4%, according to BlockShopper.com.
From January through March of 2018, there were 12 homes sold, with a median sale price of $400,000 – a 33.3% increase over the $300,000 median sale price for the same period of the previous year. There were 17 homes sold in West Miami in the first quarter of 2017.
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 the first quarter of 2018.
The following table compares West Miami to other Miami-Dade County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. – Mar. 2018 Home Sales | Jan. – Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2018 Median Sales Price | Jan. – Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Miami Shores | 64 | 79 | -19% | $510,000 | $498,000 | 2.4% |
| Surfside | 32 | 35 | -8.6% | $460,000 | $670,000 | -31.3% |
| Medley | 5 | 1 | 400% | $435,000 | $60,000 | 625% |
| Biscayne Park | 12 | 18 | -33.3% | $405,000 | $352,150 | 15% |
| Palmetto Bay | 91 | 135 | -32.6% | $400,200 | $420,000 | -4.7% |
| West Miami | 12 | 17 | -29.4% | $400,000 | $300,000 | 33.3% |
| El Portal | 12 | 20 | -40% | $396,250 | $367,500 | 7.8% |
| South Miami (unincorporated) | 86 | 91 | -5.5% | $377,500 | $297,000 | 27.1% |
| Miami Springs | 50 | 33 | 51.5% | $365,000 | $305,000 | 19.7% |
| Miami Lakes | 85 | 94 | -9.6% | $360,000 | $298,000 | 20.8% |
| Miami Beach | 646 | 596 | 8.4% | $340,750 | $325,000 | 4.8% |
