South Beach April Market Trends

South Beach April Market Trends

  • The APT TEAM
  • 05/26/23

South Beach

South Beach is a neighborhood in Miami Beach.   In April 2023, the median listing home price in South Beach was $579.9K, trending up 5.8% year-over-year. The median listing home price per square foot was $762. The median home sold price was $386K.

Months of Inventory

The current months of inventory was 6.3 months,  up 66.7% from 12 months ago and down over  66% from 2020. 



Miami Beach April 2023 Sold Trends

The median sold price was $386,500, down 15.11% MoM. The average list to sale price ratio was  95.2%. There were 106 properties sold at a median price of $541/SF down 3.6% MoM. Total dollar volume is $97,857,615, representing a 38.7% decline from MoM.


Miami Beach April 2023 Pending Trends

The median list price was $400,000, up 0.3% MoM. The median price/sf is $592, up 2.1%  MoM, with a total dollar volume of $26,279,287. The median size for the trending properties is 752 sf.


Miami real estate surging ahead of pre-pandemic levels

If you want comprehensive Miami real estate market analysis by neighborhood, property product, and time frames (pre and post Covid for example), let us know and we will deliver it straight to your inbox. With over 15 years of experience selling Miami real estate, we understand that luxury real estate service should not be a luxury. That's why we value what is valuable to you and tailor our services to fit your needs. We owe this to our clients, and we believe you deserve nothing but the best when it comes to your real estate investments. At The APT TEAM, we know that what you own is just as important as how and why you own it. That's why we're dedicated to providing you with the most accurate and up-to-date information on the market to help you make informed decisions. If you're interested in learning more about how we can help you achieve your real estate goals, please don't hesitate to reach out. We look forward to hearing from you soon. 

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