Miami-Dade, FL Luxury Property Closed Sales 2009 – 198 (down from 232 in 2008)

* a luxury property is one in the top 10% of values for an area, for Miami-Dade, this is $1,500,000 and up

  • 10 were short sales (up from 2 in 2008)
  • 3 were foreclosures (up from 1 in 2008)
  • Average List Price – $3,583,919 (down from $3,847,426 in 2008)
  • Average Sold Price – $3,061,790 (down from $3,496,725 in 2008)
  • List Price to Sold Price Ratio – 84% (down from 87% in 2008)
  • Average Days on the Market (DOM) – 236 (up from 218 in 2008)

Most of the Luxury Listings in Miami were found in these communties:

  • Coral Gables – 55
  • Miami Beach – 37
  • Pinecrest – 32
  • Key Biscayne – 15
  • Ponce Davis – 12
  • Coconut Grove – 10
  • Golden Beach – 7
  • Bay Harbor Islands – 3
  • Eastern Shores – 3
  • The Upper East Side – 3

If you would like to receive your own monthly market reports for the home you own or for the area in which you are considering buying, this detailed customized real estate market tool is just one click away.

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