Real Estate Market Update for Miami Beach, FL
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 10% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 33%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold decreased 23% year-over-year, and decreased 15% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Miami Beach, FL
Area Information for Miami Beach, FL
  • Population: 91,296
  • Median Age: 39.78 yr
  • Median Commute Time: 21.14 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 11,972/sq mi
  • Population Change Since 2000: 3.36%
  • Closest Airport: Miami International
  • Closest College: Talmudic College Of Flordia
  • Closest Jr. College: Ati College Of Health
  • Median Household Income: $44,857
  • Annual Residential Turnover: 23.78%
  • Median Years in Residence: 2.27 yr
  • Median Home Sales Price: $245,000
  • Closest Major Sports Team: Marlins
  • Change Avg. Household Income Since 2000: 60%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami Beach, FL
Median Age: 39.78 Married: 22% Number of Households: 49,594 Households with Children: 7,956
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Miami Beach, FL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Treasure Island Elementary School 4.7 mi Public PRESCHOOL-5 2 4
      Ben Gamla Charter School 5.5 mi Public K-8 4 5
      Le Petit Papillon Montessori School 5.7 mi Private PRESCHOOL-4 0 3
      Ruth K. Broad Bay Harbor K-8 Center 5.7 mi Public PRESCHOOL-8 4-5 4
      Lehrman Community Day School 5.8 mi Private PRESCHOOL-5 0 4
      Biscayne Elementary School 5.8 mi Public PRESCHOOL-6 2-5 4
      Yeshiva Elementary 5.9 mi Private PRESCHOOL-6 0 5
      Alonzo And Tracy Mourning Senior High Biscayne Bay Campus 6.0 mi Public 9-12 3 5
      Nautilus Middle School 6.0 mi Public 6-8 3 3
      Mater Academy Miami Beach 6.0 mi Public PRESCHOOL-8 3 4
      St. Joseph's School 6.0 mi Catholic PRESCHOOL-8 0 3
      Mechina Of South Florida 6.1 mi Private 7-12 0 0
      St Patrick Elementary School 6.2 mi Catholic K-8 0 3
      Montessori Academy At St John's 6.4 mi Private PRESCHOOL-1 0 0
      North Beach Elementary School 6.4 mi Public PRESCHOOL-5 5 5
      Aventura Learning Center I, Ii 6.5 mi Private PRESCHOOL-1 0 4
      Eca 6.6 mi Private PRESCHOOL-4 0 0
      Miami Beach Senior High School 6.8 mi Public 9-12 2-5 3
      Stone Coast Academy 6.9 mi Private 12-12 0 0
      Rasg Hebrew Academy 6.9 mi Private PRESCHOOL-12 0 4
      Miami Beach Adult Center 7.3 mi Public UNGRADE-UNGRADE 0 0
      Fienberg/fisher K-8 Center 7.4 mi Public PRESCHOOL-8 2 3
      Biscayne Academy 7.6 mi Private UNGRADE-UNGRADE 0 5
      South Pointe Elementary School 7.7 mi Public PRESCHOOL-5 4-5 5
      Fisher Island Day School 8.4 mi Private PRESCHOOL-5 0 5
      Norman S. Edelcup/sunny Isles Beach K-8 8.5 mi Public K-8 4-5 3
      Philosophical And Spiritual University 8.7 mi Private - 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Miami Beach, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.