Miami Home Sales Volume and Price Grew in 2018

  • sold-3

Miami-Dade County reported 12,931 single-family home sales in 2018, up 1.1% from 2017, according to the MIAMI Association of Realtors and the Multiple Listing Service (MLS) system.

This figure ranks 2018 as the fourth highest year in county history for the sale of single-family homes; according to the report, only in 2014, 2015 and 2016 did Miami see more single family home sales (the Miami Association of Realtors and the MLS have been tracking these figures since 1994).

Existing condo closings increased 5.6% to 13,863 in 2018, marking the sixth best sales year in history despite competition from the new construction condo boom.

Total residential sales volume jumped 10.7% to $12.4 billion, up from $11.2 billion in 2017.

According to the report, lack of supply in certain price ranges and neighborhoods as well as higher interest rates impacted sales.

Other notable takeaways from the report include:

  • The $300,000 to $600,000 range proved to be the most popular price point for Miami single-family homes in 2018, posting a 15.7% increase in sales year-over-year, increasing from 5,448 sales in 2017 to 6,303 in 2018.
  • The luxury segment ($1 million+) also proved to be a hot sector for single-family homes, increasing 15.9% in 2018 from 878 to 1,018 sales.
  • In 2018, cash deals represented 37.8% of Miami’s total closed sales, a decrease from 40.4% in 2017 (51.3% of  all condo closings were made in cash, while 23.3% of all single family home sales were cash deals).

Read the full report here.

Just Sold, Just Rented, and Just Reduced!

FullSizeRender 19JUST SOLD – 1050 Brickell Ave #2012, Miami, FL 33131
0 beds/1 bath (studio) | 601 sq ft | built in 2008 | sold for $222,000

Congratulations to my client on the sale of his beautiful studio at 1050/1060 Brickell! The Brickell market has proven to be quite challenging in recent months as there is a surplus of available units for sale thanks to the most recent condo boom. My seller was motivated and we priced the unit very competitively.  Ultimately, we received a cash offer with a quick closing, and everyone walked away happy!

For a recap on the details of this unit and the building, as well as more photos, click here.

 

JUST RENTED – 3103 Oak Ave, Miami, FL 33133
3 beds/2.5 baths | 2,200 sq ft | built in 2004 | rented for $4,375/month

p907627754-4p419077888-4

I just rented this fabulous Center Grove townhouse to a wonderful family relocating to Miami. If it looks familiar, that’s because it was the third transaction I’ve completed on this property in less than three years!  It’s a great property in an amazing location, just steps away from everything the Grove has to offer.

For a recap on the details of this property, as well as additional photos, click here.

 

JUST REDUCED – 4920 SW 77 St, Miami, FL 33143
7 beds/8.5 baths | 5,702 sq ft | 15,220 sq ft lot | built in 2008 | offered at $2,999,999

4920 SW 77th st Miami FL 33143-large-001-38-4920 SW 77th st Josie Wang01-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-006-27-4920 SW 77th st Josie Wang06-1500x1000-72dpi

My seller just reduced the asking price on this exquisite family home in the coveted Ponce/Davis neighborhood. This large family home was completed in 2008, boasts superb design and high-end detailed finishes, and is in pristine condition.  One of the best features of this property is its super private location, as it is tucked away on a lush, quiet cul-de-sac with only 3 neighboring homes. Located in an A-rated school district and just minutes from the shops and restaurants of South Miami and Sunset Place!

For a recap on the details of this property, as well as additional photos, click here.

 

For additional information on any of the above or similar properties, contact me directly at 305.799.2124 or LRubens@bhsusa.com.

Just Listed: Exquisite Family Home in Ponce/Davis Neighborhood

4920 SW 77th st Miami FL 33143-large-001-38-4920 SW 77th st Josie Wang01-1500x1000-72dpi

4920 SW 77 St | Miami, FL 33143
7 beds | 8.5 baths | 5,902 sq. ft. | 15,220 sq. ft. lot | built in 2008 | offered at $3,150,000

I just listed this exquisite family home in the highly desired Ponce/Davis neighborhood. One of the best features of this property is its super private location, as it is tucked away on a lush, quiet cul-de-sac with only 3 neighboring homes. In fact, there’s a good chance you’ll miss the street at least once or twice while trying to find it!   Built in 2008, this bright and beautiful two-story home has been impeccably maintained and feels like new. The home boasts superb design and high-end detailed finishes, and includes 7 bedrooms, 8.5 bathrooms and 5,902 square feet of living space.  It has a wonderful floor plan with a formal living room, family room, dining room, chef’s kitchen, guest bedroom, maid’s room, laundry room, powder room and office on the first floor; and four bedrooms in addition to the master suite on the second floor. The master suite has a gracious entryway with a kitchenette, a spacious sitting room, his and hers walk-in closets, and a spa-like carrara marble master bath.

This spectacular property sits on a lushly landscaped lot with 15,220 square feet and features a sparkling pool and a large roofed patio, perfect for outdoor entertaining.  There is also a full cabana bath, a fabulous summer kitchen with built-in BBQ, and a large custom orchid house with an irrigation system.

Other features of the home include:

  • high volume ceilings
  • two-car garage and large driveway with ample parking
  • foyer entry with large glass doors
  • beautiful limestone floors on the first floor and wood floors on the second floor
  • high impact windows and doors throughout the home
  • gourmet chef’s kitchen with Carrara marble and top of the line appliances including gas cooktop, two ovens, two sinks, as well as ample cabinetry
  • fireplace on first floor with faux logs and gas starter
  • full bathrooms and ceiling fans in all bedrooms
  • blackout shades in all bedrooms
  • custom Hunter Douglas blinds and shades on all windows
  • four A/C zones
  • two septic tanks
  • designated laundry room with sink
  • fully wired for a sound system
  • sprinkler system
  • generator-ready with pad in backyard

This is a perfect family home on an incredible street in an A-rated school district –  and best of all it is totally move-in-ready.  Check out all of the gorgeous photos below, or click here to view the full listing.  For more information on this special home or to schedule a private showing, contact me directly at 305.799.2124 or lrubens@bhsusa.com.

4920 SW 77th st Miami FL 33143-large-008-3-4920 SW 77th st Josie Wang08-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-009-4-4920 SW 77th st Josie Wang10-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-014-8-4920 SW 77th st Josie Wang15-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-016-11-4920 SW 77th st Josie Wang19-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-018-32-4920 SW 77th st Josie Wang21-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-022-28-4920 SW 77th st Josie Wang33-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-025-24-4920 SW 77th st Josie Wang35-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-021-36-4920 SW 77th st Josie Wang31-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-020-15-4920 SW 77th st Josie Wang30-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-029-16-4920 SW 77th st Josie Wang28-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-027-31-4920 SW 77th st Josie Wang26-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-028-10-4920 SW 77th st Josie Wang25-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-031-19-4920 SW 77th st Josie Wang23-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-033-41-4920 SW 77th st Josie Wang22-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-034-18-4920 SW 77th st Josie Wang13-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-037-29-4920 SW 77th st Josie Wang37-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-006-27-4920 SW 77th st Josie Wang06-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-041-35-4920 SW 77th st Josie Wang41-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-043-33-4920 SW 77th st Josie Wang43-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-005-43-4920 SW 77th st Josie Wang05-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-004-37-4920 SW 77th st Josie Wang04-1500x1000-72dpi4920 SW 77th st Miami FL 33143-large-002-40-4920 SW 77th st Josie Wang02-1500x1000-72dpi