Real Estate Market Update for Miami Beach, FL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was stable compared to one year earlier, and down 1% 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 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 400-thousand dollars. The number of units sold decreased 4% year-over-year, and increased 34% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
Show Transcript
Map Information for Miami Beach, FL
Area Information for Miami Beach, FL
  • Population: 89,941
  • Median Age: 43.3 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 11,703/sq mi
  • Population Change Since 2000: 1.99%
  • Closest Airport: Miami International
  • Closest College: Talmudic College Of Flordia
  • Closest Jr. College: Ati College Of Health
  • Median Household Income: $56,146
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $279,900
  • Closest Major Sports Team: Miami Heat
  • Change Avg. Household Income Since 2000: 93.84%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami Beach, FL
Median Age: 43.3 Married: 31% Number of Households: 48,322 Households with Children: 7,250
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 PRESCHOOL-PRESCHOOL 0 0
      Kids Choice Learning Center Miami Beach 5.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Le Petit Papillon Montessori School 5.7 mi Private PRESCHOOL-5 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 3 0
      Lehrman Community Day School 5.8 mi Private PRESCHOOL-5 0 0
      Gan Katan (miami Hebrew Activity Center Llc) 5.9 mi Private - 0 0
      Mater Academy At Mount Sinai 5.9 mi Public K-5 5 0
      Kinderland 4 Kidz 5.9 mi Private PRESCHOOL-1 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 3 0
      Happy Kids Child Care Inc 6.0 mi Private K-3 0 0
      Nautilus Middle School 6.0 mi Public 6-8 3 0
      Mater Academy Miami Beach 6.0 mi Public PRESCHOOL-8 4 0
      Amikids Miami-dade North 6.0 mi Public 6-12 0 0
      Tree Of Knowledge 6.1 mi Private 7-12 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 PRESCHOOL-PRESCHOOL 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-5 0 0
      Tiny Town Development Center 6.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Aventura Learning Center I, Ii 6.6 mi Private PRESCHOOL-5 0 0
      Casa Dei Bambini 6.6 mi Private PRESCHOOL-6 0 0
      Miami Beach Senior High School 6.8 mi Public 9-12 3 0
      Rasg Hebrew Academy 6.9 mi Private PRESCHOOL-12 0 0
      Treehouse Learning 7.0 mi Private K-3 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
      South Pointe Elementary School 7.8 mi Public PRESCHOOL-5 3 0
      Fisher Island Day School 8.4 mi Private PRESCHOOL-8 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.
      Local Weather for Miami Beach, FL
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.