How is the Surfside Real Estate Market Doing?

There are currently 32 Surfside homes for sale, compared to 30 in April of 2023:

• Highest priced listing is $21,750,000 for the new construction at 9208 Bay Dr with 8 bedrooms / 9.5 bathrooms, 9,008 Sq.Ft, on a 15,029 Sq.Ft. lot with 60′ of water frontage ($2,415/Sq.Ft.)
• Lowest priced listing is $1,590,000 for the 3 bedroom / 2 bathroom home at 9157 Dickens Ave with 1,546 Sq. Ft. on 5,600 Sq.Ft. lot ($1,028/Sq.Ft.)
• Pending Sales: 6 (homes with a sales contract that have not yet closed)
• Closed Sales in April 2024: 3 (same as in April of 2023)
• Median Sales Price in April: $1,750,000 (compared to $1,395,000 Million in April of last year)

What is the average price per square foot in Surfside?

The average price per square foot for Surfside homes sold in April NOT on the water was $977, compared to $809 in April of 2023. Previous averages as follows:

• March’s average $728
• February’s average $811
• January’s average $1,044
• 2023’s average of $829
• 2022’s average of $817

There were no waterfront homes sold in Surfside in April, compared to one waterfront home sale in April of 2023, selling at $3,210/Sq.Ft. Previous averages as follows:

• March’s average $2,735 (one sale)
• February’s average $1,823 (one sale)
• January’s average $1,348 (one sale)

Surfside Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Surfside. 

• Buyer’s market with 10 months of inventory
• Price range that moves is between $1-1.5 Million and most of the inventory is above $2 Million
• 75% of transactions are CASH
• 81.6% of all buyers bought as primary residence (to occupy the home)
• Buyers are not just domestic, but also from Venezuela.
• Seller contributions make up 10.5% of all sales (averaging $36,000)

DOWNLOAD SURFSIDE 3D MARKET REPORT

We prepare a Surfside Real Estate market report on a monthly basis and publish it on the second week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe at any time.

The post Surfside Real Estate Trends Report: Comprehensive April 2024 Analysis appeared first on Miamism.