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Miami Beach - also known as the Magic City - offers a wonderful tropical climate, a mix of cultures and some of the hottest entertainment and shopping in the world. The area has been a popular vacation spot for the famous and wealthy for a century. With its trendy nightclubs, upscale restaurants and Art Deco buildings, there's truly nothing like Miami Beach.

Miami Beach draws in real estate investors from around the world with its beachfront condominiums and single family homes, as well as town homes, lofts and oceanfront villas. Located between the Atlantic Ocean and the Intracoastal Waterway, Miami Beach draws in millions of tourists each year who enjoy pristine beaches and outdoor activities like boating, diving, fishing, water skiing and more.

Because the area allows for high-rise developments, luxury residential towers continue to go up around Miami Beach. Still, beachfront land is limited and demand continues to grow. With condos like the Green Diamond and the Bath Club, it's no wonder Miami Beach continues to draw in investors, tourists and new residents.

Miami Beach MARKET INTELLIGENCE

Average Sold Price

$ 3,765,132
Average Sold Price
$ 9,355
Average Rental Price
Maximum Price
Minimum Price

Average Days on Market

180 days
Average on market in 2017
170 days
Average on market in 2016
2017 year
2016 year

Average Price per SF Sold($)

$ 527
Average $ per SF for Homes
$ 591
Average $ per SF for Condos
Homes
Condos

Number of Sales in Last Six Months

45 Homes
Total Sold in Last 6 Months
69 Condos
Total Sold in Last 6 Months
Homes
Condos

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