25 Miami Beach Homes Sold in the Past 90 Daysg

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25 Miami Beach Homes Sold in the Past 90 Days

Tuesday, June 16, 2009

 

Miami Beach Homes Sold in the past 90 days March 18th – June 16, 2009
 
As of June 16, 2009, we have 358 Single Family Homes for sale in Miami Beach.
 
Twenty five Miami Beach homes have sold in the past ninety days from $400,000 - $3,830,000.  From 1547 square feet to 5695 square feet.
 
6% of the homes for sale sold in the past ninety days
 
Days on the market ranged from a low of ten days to a high of 988 days on the market!
 
Believe it or not, the average list price to sales price ratio was only 84%.
 
Of these twenty five homes, the average ORIGINAL list price to eventual sales price ratio was 72%.
 
As we all know, we are still in the middle of an unprecedented buyer’s market.
 
Six of the homes sold are waterfront; nineteen of the homes are not on the water.
 
Of the twenty-five homes sold, three were reported as being “REO” bank-owned properties and one home was reported as a short sale. I’m guessing there are more REO and short sales than were reported.
 
The least expensive Miami Beach waterfront home sold for $1,550,000.
 
Many of the homes sold were in the mid-beach area. I looked through all of the listings to find a pattern. What made these houses sell while others have sat on the market?  I couldn’t find an easy answer as each house and location are so specific.
 
I tell all of the sellers I meet; it is always about the price. Anything will sell for the right price.
 
Feel free to email me and I will send you a link to all of the closed home sales in Miami Beach.
 
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