Real Estate Market Update for Miami, FL

Video: Real Estate Community Tour for Miami, FL

See Real estate community tour for Miami, FL Miami's warm climate and coastal Florida location offer something for everyone. From the trendy nightlife and Art Deco architecture of South Beach, to the high energy atmosphere of Little Havana, to historic Coral Gables, there's no limit to the variety of activities. Deep-sea fishing, golf, tennis and of course miles of beaches are among the outdoor possibilities any time of year. Miami is also home to the NBA's Heat, MLB's Marlins, NFL's Dolphins, and NHL's Panthers. Among many large national and international companies with significant presence in Miami, the city's business district boasts the largest concentration of international banks in the U-S. Whether you're searching for a condo Downtown, an apartment in Brickell, or a bungalow in historic Cocnut Grove, Miami's great weather, diverse culture, and plenty of fantastic restaurants and shopping make it an enjoyable place to live for anyone. Find the many attractive homes available in the Miami area on century21.com.
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 down 15% from one year earlier, and down 5% 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 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 280-thousand dollars. The number of units sold decreased 37% year-over-year, and decreased 23% 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.
Miami's warm climate and coastal Florida location offer something for everyone. From the trendy nightlife and Art Deco architecture of South Beach, to the high energy atmosphere of Little Havana, to historic Coral Gables, there's no limit to the variety of activities. Deep-sea fishing, golf, tennis and of course miles of beaches are among the outdoor possibilities any time of year. Miami is also home to the NBA's Heat, MLB's Marlins, NFL's Dolphins, and NHL's Panthers. Among many large national and international companies with significant presence in Miami, the city's business district boasts the largest concentration of international banks in the U-S. Whether you're searching for a condo Downtown, an apartment in Brickell, or a bungalow in historic Cocnut Grove, Miami's great weather, diverse culture, and plenty of fantastic restaurants and shopping make it an enjoyable place to live for anyone. Find the many attractive homes available in the Miami area on century21.com.
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Map Information for Miami, FL
Area Information for Miami, FL
  • Population: 444,336
  • Median Age: 39.78 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 12,387/sq mi
  • Population Change Since 2000: 22.81%
  • Closest Airport: Miami International
  • Closest College: University Of Miami-miller School Of Med
  • Closest Jr. College: Ati Career Training Center
  • Median Household Income: $37,211
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $280,000
  • Closest Major Sports Team: Miami Marlins
  • Change Avg. Household Income Since 2000: 60.73%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami, FL
Median Age: 39.78 Married: 28% Number of Households: 180,062 Households with Children: 40,850
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, FL

      School Name Distance Type Grades School Rating Parent Rating
      Conchita Espinosa Academy 0.6 mi Private K-8 0 0
      Belen Jesuit Prep School 1.0 mi Catholic 6-12 0 4
      Marjory Stoneman Douglas Elementary School 1.8 mi Public PRESCHOOL-5 4 4
      Pinecrest Preparatory Academy 2.3 mi Public K-5 4 0
      Pinecrest Preparatory Academy Charter High School 2.5 mi Public 9-12 4 4
      Miami Christian School 2.8 mi Private PRESCHOOL-12 0 0
      Lamar Louise Curry Middle School 3.4 mi Public 6-8 4 4
      Doral Academy Charter High School 3.7 mi Public 9-12 5 3
      Doral Performing Arts & Entertainment Academy 3.7 mi Public 6-8 5 3
      Calusa Preparatory School 4.3 mi Private PRESCHOOL-12 0 0
      Saint Timothy Parish School 4.7 mi Catholic PRESCHOOL-8 0 0
      Saint Brendan Elementary School 5.1 mi Catholic PRESCHOOL-8 0 0
      Saint Brendan High School 5.2 mi Catholic 9-12 0 3
      Christopher Columbus High School 5.2 mi Catholic 9-12 0 4
      Florida Christian School 5.2 mi Private PRESCHOOL-12 0 0
      American High School Academy 5.4 mi Private 9-12 0 0
      Southwest Miami Senior High School 5.5 mi Public 9-12 3 4
      Terra Environmental Research Institute 5.7 mi Public 9-12 5 4
      Felix Varela Senior High School 6.0 mi Public 9-12 3 3
      Gulliver Preparatory School - Miller Drive Campus 6.4 mi Private 9-12 0 4
      School For Advanced Studies - South 6.7 mi Public 11-12 0 4
      Ronald W. Reagan/doral Senior High School 6.9 mi Public 9-12 3 3
      Archbishop Coleman F. Carroll High 7.0 mi Catholic 9-12 0 4
      Ludlam Elementary School 8.3 mi Public PRESCHOOL-5 3 4
      Gulliver Preparatory School 8.8 mi Private 9-12 0 0
      Mater Academy 9.1 mi Public K-5 5 3
      Hialeah Gardens Senior High School 9.1 mi Public 9-12 2 3
      Riviera Day School 9.2 mi Private PRESCHOOL-12 0 0
      Mater Academy Charter Middle 9.3 mi Public 6-8 3 3
      Mater Academy Charter High 9.3 mi Public 9-12 3 4
      Miami Palmetto Senior High School 9.3 mi Public 9-12 3 4
      Imater Academy 9.4 mi Public K-5 2 0
      Our Lady Of Lourdes Academy 9.6 mi Catholic 9-12 0 4
      St. Thomas Episcopal Parish School 9.6 mi Private PRESCHOOL-5 0 5
      Miami Springs Middle School 9.7 mi Public 6-8 1 4
      Coral Gables Senior High School 9.7 mi Public 9-12 2 3
      Coral Reef Senior High School 9.9 mi Public 9-12 5 4
      Champagnat Catholic School Of Hialeah 10.0 mi Catholic 6-12 0 0
      The Glory Of God Christian School 10.3 mi Private K-12 0 0
      Jose Marti School # 3 10.6 mi Private 4-8 0 0
      Coral Reef Elementary School 10.8 mi Public PRESCHOOL-5 5 0
      Carrollton School Of The Sacred 10.8 mi Catholic PRESCHOOL-12 0 0
      St Hugh Catholic School 10.9 mi Catholic PRESCHOOL-8 0 0
      Ransom Everglades School 10.9 mi Private 9-12 0 4
      Palmetto Bay Academy 10.9 mi Private 6-12 0 0
      Saint Michael The Archangel 11.0 mi Catholic PRESCHOOL-8 0 0
      Gulliver Academy 11.0 mi Private PRESCHOOL-8 0 0
      International Studies Preparatory Academy 11.1 mi Public 9-12 4 4
      Lincoln Marti School 28 11.1 mi Private K-12 0 0
      International Studies Charter High School 11.2 mi Public 6-12 5 4
      Horeb Christian School 11.3 mi Private PRESCHOOL-12 0 0
      Miami Senior High School 11.3 mi Public 9-12 2 3
      Mater Academy Lakes High School 11.7 mi Public 9-12 4 4
      Bob Graham Education Center 12.0 mi Public PRESCHOOL-8 4 0
      Palmer Trinity School 12.1 mi Private 6-12 0 4
      Immaculata-la Salle High School 12.6 mi Catholic 9-12 0 4
      Mater Academy Lakes Middle School 12.6 mi Public 6-12 4 4
      Young Womens Preparatory Academy 12.7 mi Public 6-12 5 4
      Miami Lakes Middle School 12.9 mi Public 6-8 3 4
      Miami Lakes Educational Center 13.3 mi Public 9-12 4 4
      Booker T. Washington Senior High School 13.3 mi Public 9-12 1 4
      Mother Of Our Redeemer Catholic School 13.5 mi Catholic PRESCHOOL-8 0 0
      School For Advanced Studies North 13.5 mi Public 11-12 0 4
      Law Enforcement Officers Memorial High School 13.7 mi Public 9-12 4 3
      Miami Northwestern Senior High School 13.7 mi Public 9-12 1 4
      William H. Turner Technical Arts High School 13.8 mi Public 9-12 3 4
      Betesda Christian School 13.8 mi Private K-12 0 0
      New World School Of The Arts 14.0 mi Public 9-12 4 4
      School For Advanced Studies-wolfson 14.0 mi Public 11-12 0 4
      Ebenezer Christian Academy 14.0 mi Private K-12 0 0
      Miami Edison Senior High School 14.1 mi Public 9-12 1 4
      Grace Academy International 14.2 mi Private K-12 0 0
      Cutler Bay Senior High School 14.2 mi Public 9-12 5 5
      I Preparatory Academy 14.3 mi Public K-12 5 3
      Worshiper's House Of Prayer Academy 14.3 mi Private K-10 0 0
      Palm Glades Preparatory Academy 14.4 mi Public 6-8 1 4
      Design & Architecture Senior High School 14.5 mi Public 9-12 5 4
      Miami Arts Charter School 14.6 mi Public 6-12 4 4
      Archbishop Curley Notre Dame High School 14.6 mi Catholic 9-12 0 2
      Monsignor Edward Pace High School 14.8 mi Catholic 9-12 0 4
      Academy For Community Education (ace) 14.9 mi Public 9-12 0 3
      Yvonne Learning Center 15.0 mi Private PRESCHOOL-12 0 0
      Cushman School 15.3 mi Private PRESCHOOL-8 0 5
      Mast Academy 15.6 mi Public 7-12 5 4
      Northwest Christian Academy 15.7 mi Private PRESCHOOL-12 0 0
      North Dade Middle School 15.8 mi Public 6-8 0 0
      Miami Carol City Senior High School 16.0 mi Public 9-12 1 4
      Keystone National High School (virtual) 16.2 mi Private 9-12 0 0
      Miami Country Day School 16.4 mi Private PRESCHOOL-12 0 0
      Aspira Raul Arnaldo Martinez Charter School 16.8 mi Public 6-8 0 5
      Miami Beach Senior High School 17.8 mi Public 9-12 2 3
      Miami Norland Senior High School 18.1 mi Public 9-12 1 4
      Beth Jacob High School 18.7 mi Private 6-12 0 0
      Mavericks High Of North Miami Dade County 19.3 mi Public 9-12 0 4
      Ruth K. Broad Bay Harbor K-8 Center 19.7 mi Public PRESCHOOL-8 5 0
      Alonzo And Tracy Mourning Senior High Biscayne Bay Campus 19.9 mi Public 9-12 4 3
      Marine Academy Of Science And Technoly - Mast @ Fiu 20.2 mi Public 9-12 5 4
      Dr Michael M. Krop Senior High School 21.1 mi Public 9-12 3 4
      The Samuel Scheck Hillel Community Day School 21.1 mi Private PRESCHOOL-12 0 0
      Aventura City Of Excellence School 21.7 mi Public K-8 5 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, 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.