********* Palmetto Bay 2012 Year in Review *********
Residential home sales in Palmetto Bay in 2012 were strong with 290 closed sales for a total volume of $118,073,513. The most expensive house sold for $1,00,000.00 at $285 per square foot while the least expensive home sold for $70,000.00 at $94 per square foot. The average house in Palmetto Bay was a 4 bedroom, 2.5 bath, 2,828 square foot house that sold for $407,150.00 at $141 per square foot. On the average, houses sold for 95% of the asking price. Of the 290 houses sold, 24 were foreclosures and 56 were short sales.
| SALES | BEDROOMS | BATHROOMS | SQUARE FEET (SF) | SALE PRICE (SP) | SP/SF |
| HIGH | 6 | 5 | 6,462 | $1,100,000.00 | $285 |
| LOW | 2 | 1 | 747 | $70,000.00 | $94 |
| AVERAGE | 3.9 | 2.6 | 2,828 | $407,150.00 | $141 |
| MEDIAN | 4 | 2 | 2,780 | $395,000.00 | $146 |
I am a residential specialist in Palmetto Bay and Pinecrest and would be honored to assist you with your real estate needs. If you are interested in a seller or buyer consultation, please call me at (305) 898-1852 or email me at wellins.d@ewm.com.
