Housing prices and sales in the Miami Beach
showed weaker trends in the first quarter of 2016.
Median sales price declined 6.6% to $408,750 from
the year ago quarter. Average sales price slipped
7.5% to $905,252 and average price per square
foot fell 5.5% to $634 respectively over the same
period. Price trends in the single family market
were generally higher than within the condo market.
The median sales price of a condo sale slipped
1.3% to $370,000 while the median sales price of
a single family sale increased 3.2% to $1,600,000
respectively over the same period…