| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Oceanfront | $280,000 | -37.8% | $350,000 | $450,000 | $280,000 | Miami Beach | $288,000 | -22.4% | $330,000 | $371,250 | $270,000 |
The median sales price for homes in Oceanfront for Aug 09 to Oct 09 was $280,000. This represents a decline of 20%, or $70,000, compared to the prior quarter and a decrease of 37.8% compared to the prior year. Sales prices have appreciated 0% over the last 5 years in Oceanfront, Miami Beach.
The median sales price of $280,000 for Oceanfront is 2.78% lower than the median sales price for Miami Beach FL. Average listing price for homes on Trulia in Oceanfront was $647,326 for the week ending Nov 18, which represents an increase of 1.7%, or $10,819 compared to the prior week and an increase of 0.8%, or $4,940, compared to the week ending Oct 28. Average price per square foot for homes in Oceanfront was $254 in the most recent quarter, which is 13.90% lower than the average price per square foot for homes in Miami Beach.
| Neighborhood | Week ending Nov 18 | w-o-w | Week ending Nov 11 | Week ending Nov 4 | Week ending Oct 28 |
|---|---|---|---|---|---|
| Oceanfront | $647,326 | +1.7% | $636,507 | $642,226 | $642,386 | Miami Beach | $1,001,363 | +1.5% | $986,624 | $996,208 | $998,026 |
| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Oceanfront | $254 | -22.1% | $260 | $326 | $290 | Miami Beach | $295 | -36.6% | $321 | $465 | $306 |
| Neighborhoods | Week ending Nov 18 |
w-o-w | Week ending Nov 11 |
Week ending Nov 4 |
|---|---|---|---|---|
| Oceanfront | 1 | — | 1 | 1 |
| South Pointe | 2 | +1 | 3 | 2 |
| West Avenue | 3 | -1 | 2 | 3 |
| Normandy Isles | 4 | — | 4 | 4 |
| La Gorce | 5 | — | 5 | 6 |
| City Center | 6 | — | 6 | 5 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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