Miami Shores Real Estate Market Report for August 2014

Miami Shores Homes – Real Estate Market Report

There are currently 73 Miami Shores homes for sale: (5 more than last month)

• Highest priced listing is $5,995,000 (1600 NE 103 St)

• Lowest priced listing is $179,900 (525 NW 111 St – West Miami Shores) – with illegal addition

• Pending Sales (Properties under contract): 41 (9 less than last month)

• Closed sales in August: 22 (13 more than last month)

The 22 Miami Shores homes sold in August ranged from $290,000 for a short sale at 141 NE 104 St, to $2,000,000 for the bay front home located at 9935 NE 13th Ave, which sold for $598/sq.ft. That was the only waterfront sale in Miami Shores in August.  The average price per square foot in August for Miami Shores homes was $214 with the highest coming in at $298/sq.ft. for the immaculate home at 185 NE 105 St. The average sales price  in the first 1/2 of 2014 in Miami Shores was $223 which is slightly higher than 2013′s average of $215. This is the perfect time of the year to list your home, August and September are historically, the hottest months for real estate in Miami Shores.  So call us for your no obligation, free, market analysis. It is a seller’s market, which means any agent can sell your home, but not every agent can get you the most money for your property.  We specialize in marketing your property to maximize exposure and gains.  This seller’s market will not last forever and we estimate about 18 more months before the real estate market stabilizes and possibly drops a bit. CHECK YOUR CURRENT HOME VALUE GET A FREE SELLER GUIDE NAME YOUR SELLING PRICE If you are interested in getting a list of all properties currently for sale in Miami Shores, we will be happy to send you a digital copy at your request.  We can also send you monthly market reports directly to your inbox. Feel free to email us at MiamiShores@miamism.com There is currently a bay front lot for sale for $2.5 million with approved site plan by the City of Miami Shores.  It is not in the MLS but would be glad to share the details if you contact us directly.