CITY of SOUTH MIAMI REAL ESTATE STATISTICS
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SOUTH MIAMI - REAL ESTATE ACTIVITY AS OF AUGUST 2017
66 Homes are currently for sale on the market
The lowest price home $299,110.00
The highest price home $3,599,999.00
the Medium price home$846,500.00 ($370 /sf)
SOLD HOMES IN THE PAST 60 DAYS
45 Homes sold in the past 60 days
Lowest price sold in the past 60 days $ 232,100.00 - 5 days on the market
Highest price sold $2,250,000.00 - 659 days on the market
Medium price sold $615,000.00 -  47 days on the market ($306/sf)

Condominiums/townhouses
17 condominium/townhouses available for sale 
Lowest price for sale $104,400.00
Highest price for sale $675,000.00
Medium price for sale $267,000.00 ($290/sf)
SOLD CONDOS/TOWNHOUSES PAST 60 DAYS
8 Condos/townhosues sold
Lowest price sold $110,000.00 
Highest price sold $640,000.00
Medium price sold  $256,000.00 ($232/sf)  47 days on the market 


The City of South Miami is one of the oldest City in Miami, incorporated as the Town of South Miami, March 3, 1926 but later because of more prestige it became the City of South Miami in June 24, 1927.  The home of Baptist South Miami Hospital, Sunset Shops, dinning al fresco, just south of Coral Gables and enjoys the great location of 25 minutes to every where, to downtown, to the beaches, to MIA international airport, minutes away from the UofM, walking distances to metro rail, buses and a couple of minutes to Dadeland mall.

Now the City of South Miami will be the pioneer in solar construction, making it the first city in Florida to mandate solar panels on new homes. Just last week August 9, 2017, The City Commission approved the ordinance on second reading, in a 4-1 vote.  The new law would require owners of new homes- including single-family homes, townhouses and multi-story residential buildings, to install solar panels.  It also applies to owners who expand their homes by 75% or greater. 

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Ana  L. Ordonez  CIPS TRC PMN REOS  PCMC
Ana L. Ordonez CIPS TRC PMN REOS PCMC
Lic. Real Estate Broker/Realtor