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Five Park Miami Beach Home Values and Market Report

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Report prepared by Savenowrealty.com Save Now Realty

Market at a glance

Over the last 12 months, homes sold for 94.0% of list price in 152 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $6.8M Sold · $6.3M
$7M$5.4M$3.8M$2.2M
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 2 sales in Dec. Last month: 1.

Where the market stands

All homes in this report, by status.

10homes
Active3 · 30%
Under contract1 · 10%
Sold (12 mo)6 · 60%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.5months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$6.95M
Under contract$4.7M
Sold$4.16M

Average days on market

Active251 days
Under contract61 days
Sold152 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 3
Average list price $6,948,333
Avg. days on market 251 days
Avg. price per ft² $2,406
Avg. living area 2,692 ft²
Avg. beds / baths 2.7 / 3.7

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$15M$10M$5M$0

Price vs. living area: 3 homes plotted, up to $15M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Highest price per ft²

Top 3 homes in this status.

500 Alton Unit 3402.03$2,738
501 West Avenue Unit 3404$2,405
500 Alton Road Unit 1602$2,077

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
501 West Avenue Unit 3404Miami Beach, FL 33139 231,434$3,450,000$2,40584 days
500 Alton Unit 3402.03Miami Beach, FL 33139 455,441$14,900,000$2,738349 days
500 Alton Road Unit 1602Miami Beach, FL 33139 231,201$2,495,000$2,077319 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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Next steps

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