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Palm Beach, Broward,
Miami-Dade, Martin and
Saint Lucie County
Residential Property
Appraisals
Miami Beach  Florida Median Home Price Stats - updated 08/23/09
Average Listing Price
$942,516 + - Down $46,724 - 4.7% w-o-w
Week ending August 12

Median Sale Price
$321,000 - Down $164,000 - / -33.8% y-o-y

The median sales price for homes in  Miami Beach  FL was $321,000 down $164,000 or 33.8%.  There are 1211
Pre-Foreclosures and 325 Bank Owned Properties in the Miami Beach  market place as per RealtyTrac.com.

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Miami Beach  Florida Market History
Miami Beach is a city in Miami-Dade County, Florida, United States. The city was incorporated on 26 March 1915. It is
located on a barrier island between Biscayne Bay and the Atlantic Ocean; the Bay separates Miami Beach from the
city of Miami, Florida. The city is often referred to under the umbrella term of "Miami," despite being a distinct
municipality.

In 1979 Miami Beach's Art Deco Historic District was listed on the National Register of Historic Places. The Art Deco
District is the largest collection of Art Deco architecture in the world and comprises hundreds of hotels, apartments
and other structures erected between 1923 and 1943. Mediterranean, Streamline Moderne and Art Deco are all
represented in the District. The Historic District is bounded by the Atlantic Ocean on the East, Lenox Court on the
West, 6th Street on the South and Dade Boulevard along the Collins Canal to the North. The movement to preserve
the Art Deco District's architectural heritage was led by former interior designer Barbara Capitman, who now has a
street in the District named in her honor.

South Beach (also known as SoBe, or simply The Beach the area from 1st street to about 25th street) is one of the
more popular areas of Miami Beach. Topless sunbathing is tolerated on certain designated areas of the beach.
Before the TV show Miami Vice helped make the area popular, SoBe was under urban blight, with vacant buildings
and a high crime rate. Today, it is considered one of the richest commercial areas on the beach, yet poverty and
crime still remain in some places near the area.