Miami Shores Real Estate Trends Report: Comprehensive August 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 54 homes for sale: (compared to 45 a year ago)
- Highest priced listing is
$9,495,000$8,950,000 for the bay front home with 4 bedrooms / 4.5 bathrooms, located at 9301 N Bayshore Dr. This 1955 home has 4,225 Sq. Ft of living space, a 13,968 Sq. Ft. lot with 84′ of open bay frontage ($2,247/Sq.Ft.$2,228/Sq.Ft.) - Lowest priced listing is $849,900 for the 3 bedroom / 2 bathroom home at 152 NW 103rd St. This remodeled home has 1,319 Sq.Ft. and sits on a 7,753 Sq.Ft. lot ($644/Sq.Ft.)
- Pending Sales (properties under contract): 18 (compared to 29 a year ago)
- Median Sales Price in August: $1,110,000 (compared to $1,305,000 a year ago)
- Closed sales in August: 10 (compared to 16 in August of 2023)
What is the average price per square foot in Miami Shores?
The average sold price per square foot in Miami Shores in August for homes not on the water was $ 733 compared to $669 in August of 2023. Previous averages as follows:
- July’s average $761
- June’s average $775
- May’s average $720
- April’s Average $654
- March’s Average $699
- February’s Average $659
- January’s Average $583
- 2023’s average of $640
- 2022’s average of $589
There was one Miami Shores waterfront home sold in August on Mirror Lake and that sold at $508/Sq.Ft, compared to no waterfront sales in August of 2023. Previous averages as follows:
- July’s average – no waterfront sales
- June’s average – no waterfront sales
- May’s average – no waterfront sales
- April’s average $786
- March’s Average $1,298 (one sale)
- February’s Average – no waterfront sales
- January’s Average – no waterfront sales
Miami Shores Real Estate Micro-Stats
Feel free to download our complete market report for the last 12 months, showing micro-stats for Houses for Sale Miami Shores
- Seller’s market with 5 months of inventory
- Price-range moving the most continues to be between $1-1.5 Million and most inventory is above $1 Million
- Average sold price is $1.4 Million
- 42.9% of all deals are CASH
- 94.4% of all buyers do so as primary residents (homestead and live in their homes)
- Seller concessions are now 18.9% of all sales, averaging $15,000 (contribution from seller to buyer)
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