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Elliman Report: Miami Beach + Barrier Islands Sales 1Q 2016

Housing prices and sales in the Miami Beach showed weaker trends in the first quarter of 2016. Median sales price declined 6.6% to $408,750 from the year ago quarter. Average sales price slipped 7.5% to $905,252 and average price per square foot fell 5.5% to $634 respectively over the same period. Price trends in the single family market were generally higher than within the condo market. The median sales price of a condo sale slipped 1.3% to $370,000 while the median sales price of a single family sale increased 3.2% to $1,600,000 respectively over the same period…

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