Miami Beach, Florida Real Estate Update January 2009

Single Family Homes

  • Total single family sales in January 2009: 4
  • Highest Sales Price: $825,000 for a 2,514 square foot home built in 1936 on a 7,700 square foot lot
  • Lowest Sales Price: $413,126 for a 1,776 square foot duplex on a 8,580 square foot lot.
  • 1 of the sales was a water front property

Pending Sales: 33 total, 9 of which are water front

Active: 467 of which 209 are water front

Price Range for Active:  Non-Water: $9,950,000 – $174,900  Water front: $25,000,000 – $499,900

Condos – Closed Sales

  • Total condos sales in January 2009: 83
  • Highest Sales Price: $7,600,000 for a  4,784 square foot unit in the Murano Portofino
  • Lowest Sales Price: $37,700 for a 701 square foot bank-owned foreclosure
  • 60 of the sales were in water front buildings

Pending Sales: 312 total, 196 of which are in water front buildings.

Active: 3,661 of which 2,584 are in water front buildings

About The Author

Jennifer Wollmann

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