Miami Beach Property Market Report for Quarter 1, January 1st-March 31st 2011

Currently there are a total of 2732 active listings in the MLS (multiple listings service) in the Miami Beach region. This includes condominiums and single family homes.

Of these 14% (380) are listed as short sales and 2.4% (66) are ‘REO’ or bank owned.
There have been 730 reported closed sales in the MLS for the first quarter of 2011. This is a 20% increase over the 608 reported sales for the same period last year.

Comparison of Number of Homes and Condominiums sold during Quarter 1 of 2011 v 2010, By Location

Comparison of Median Selling Price per Square Foot ($) during Quarter 1 of 2011 v 2010, By Location


*All numbers and data in this report are pulled from the MLS (multiple listing service) and do not include sales directly by owner.

For further information on the property market or if you are interested in buying or selling, contact Kelly for assistance.