Real Estate Feast

SELECT SOUTH FLORIDA CITIES HOUSE SALES STATISTICS

Here are some current house sales statistics for selected municipalities that I am interested in.  (I either have listings there or have sold there recently.  I try to keep current on the basics so that when someone asks me a question,  I have an answer ready.)  The statistics below on based on the last ninety days as of this writing and are grouped by city.  (Not good for a formal price opinion, but good for a general idea of things.)  For an accurate methodology on pricing your home, see my article here. These are the main variables people want to know:

How many houses have sold in my area recently?  What’s the average list and sale price?  How long does it take to sell a house here?

The following sets will give you a snapshot of six different South Florida areas.  As you can see, Homestead, the capital of foreclosures is very active and price depressed.  The percent of list price is the difference between what was asked and what houses sold for.   You can read my article about foreclosures here.

COCONUT GROVE

SINGLE FAMILY SOLD      14
MEDIAN LIST PRICE         $824K
MEDIAN SALE PRICE        $759K
% OF LIST PRICE              92%
AVG DAYS ON MARKET   139

CORAL GABLES

SINGLE FAMILY SOLD      72
MEDIAN LIST PRICE         $612K
MEDIAN SALE PRICE        $560K
% OF LIST PRICE              91%
AVG DAYS ON MARKET  138

HOMESTEAD

SINGLE FAMILY SOLD      140
MEDIAN LIST PRICE         $170K
MEDIAN SALE PRICE        $162K
% OF LIST PRICE              96%
AVG DAYS ON MARKET  102

PALMETTO BAY

SINGLE FAMILY SOLD      38
MEDIAN LIST PRICE        $458K
MEDIAN SALE PRICE       $412K
% OF LIST PRICE              90%
AVG DAYS ON MARKET  126

PINECREST

SINGLE FAMILY SOLD      26
MEDIAN LIST PRICE        $925K
MEDIAN SALE PRICE       $865K
% OF LIST PRICE              94%
AVG DAYS ON MARKET  126

SOUTH MIAMI

SINGLE FAMILY SOLD      13
MEDIAN LIST PRICE         $450K
MEDIAN SALE PRICE        $447K
% OF LIST PRICE              99%
AVG DAYS ON MARKET  159

This entry was posted on Tuesday, November 18th, 2008 at 3:13 pm and is filed under Buying a Home in South Florida, Real Estate Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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