Real Estate Market Update for Miami Beach, FL

Video: Real Estate Community Tour for Miami Beach, FL

See Real estate community tour for Miami Beach, FL
Welcome to November'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 up 6% from one year earlier, and did not change from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 600-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 370-thousand dollars. The number of units sold decreased 42% year-over-year, and decreased 27% 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: 89,945
  • Median Age: 42.16 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 11,704/sq mi
  • Population Change Since 2000: 1.99%
  • Closest Airport: Miami International
  • Closest College: Talmudic College Of Flordia
  • Closest Jr. College: Everest Institute
  • Median Household Income: $51,768
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $325,000
  • Closest Major Sports Team: Miami Heat
  • Change Avg. Household Income Since 2000: 70.77%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami Beach, FL
Median Age: 42.16 Married: 30% Number of Households: 48,364 Households with Children: 7,849
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 School Rating Parent Rating
      Treasure Island Elementary School 4.6 mi Public PRESCHOOL-5 3 0
      Stars Learning Day Care Center 4.8 mi Private - 0 0
      Kids Choice Learning Center Miami Beach 5.5 mi Private - 0 0
      Ben Gamla Charter School 5.6 mi Public K-8 4 0
      Le Petit Papillon Montessori School 5.7 mi Private PRESCHOOL-4 0 0
      Ruth K. Broad Bay Harbor K-8 Center 5.7 mi Public PRESCHOOL-8 5 0
      Biscayne Elementary School 5.8 mi Public PRESCHOOL-5 2 0
      Lehrman Community Day School 5.8 mi Private PRESCHOOL-5 0 0
      Mater Academy At Mount Sinai 5.9 mi Public K-5 3 0
      Kinderland 4 Kidz 5.9 mi Private - 0 0
      Yeshiva Elementary 5.9 mi Private PRESCHOOL-6 0 0
      Alonzo And Tracy Mourning Senior High Biscayne Bay Campus 6.0 mi Public 9-12 4 3
      Happy Kids Child Care Inc 6.0 mi Private - 0 0
      Nautilus Middle School 6.0 mi Public 6-8 2 2
      Mater Academy Miami Beach 6.0 mi Public PRESCHOOL-8 4 0
      Amikids Miami-dade North 6.0 mi Public 6-12 0 0
      Mechina Of South Florida 6.1 mi Private 7-12 0 0
      Saint Patrick School 6.2 mi Catholic K-8 0 0
      Temple Beth Sholom Foundation School 6.3 mi Private - 0 0
      North Beach Elementary School 6.3 mi Public PRESCHOOL-5 5 0
      Montessori Academy At St John's 6.4 mi Private PRESCHOOL-3 0 0
      Aventura Learning Center I, Ii 6.5 mi Private PRESCHOOL-1 0 0
      Miami Beach Senior High School 6.8 mi Public 9-12 2 3
      Stone Coast Academy 6.9 mi Private 12-12 0 0
      Rasg Hebrew Academy 6.9 mi Private PRESCHOOL-12 0 0
      Klurman Mesivta 7.2 mi Private - 0 0
      Miami Beach Adult & Community Ed Center 7.3 mi Public UNGRADE-UNGRADE 0 0
      Fienberg/fisher K-8 Center 7.4 mi Public PRESCHOOL-8 1 0
      Biscayne Academy 7.6 mi Private UNGRADE-UNGRADE 0 0
      South Pointe Elementary School 7.8 mi Public PRESCHOOL-5 4 0
      Fisher Island Day School 8.4 mi Private PRESCHOOL-5 0 0
      Norman S. Edelcup/sunny Isles Beach K-8 8.5 mi Public K-8 4 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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Miami Beach, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.