Today the average residential sale price (single family and condos combined) in Miami Dade County is $280,000. Single family home buyers are paying an average of $320,000 for their home, countywide average.
How does that compare to years past? I ran across an article in our real estate association trade magazine with some interesting stats that I thought you would enjoy hearing about.
*In the 1960's, the median home sales price in Florida was $9,600., while the population in Miami hit 1 million people. Cuban and other exiles in 1969 comprised of only 178,000 of that number.
* The 1970's median home sales price in Florida was $15,000.
* The 1980's median home sales price in Florida was $45,100.
* The 1990's median home sales price in Florida was $77,100.
* 1996 - Miami Average Sales Prices: Single Family - $137,990, Condo - $103,080.
* 2000 - Miami Average Sales Prices: Single Famiy - $212,555, Condo - $130,865. Median home sales price in Florida was $105,550.
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