Miami Beach, FL Market Update for September 2007

Here are the latest real estate market statistics for Miami Beach, FL area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 40.4%*

Average	September 2007	October 2007	% Change
Asking Price	$866,710	$1,050,384	21.2%
Sales Price	$742,598	$936,866	26.2%
% of Asking Price	86%	89%	3.0%
$/SQFT	$527	$570	8.2%
Days on Market	117	145	23.9%
Total Transactions	94	67	-28.7%

Search for homes in Miami Beach, FL and read a neighborhood overview of the Miami Beach, FL area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 11/15/2007: 4,864 properties on the market with 1,963 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.