Belle Meade Real Estate Information by Miamism

Belle Meade Real Estate Trends: November 2023 Market Analysis and Insights

We prepare a Belle Meade Real Estate market report on a monthly basis and publish it on the fourth 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 any time.

How is the Belle Meade Real Estate Market Doing?

There are currently 14 homes for sale in Belle Meade (compared to 21 same month last year):

  • Highest priced listing $16 Million for the new construction at 723 NE 77th Ter with 6 bedrooms / 8.5 bathrooms, 8,050  Sq.Ft. of living space, 16,061 Sq.Ft. lot and 50′ of canal frontage facing the industrial marina across the canal. ($1,988/Sq.Ft.)
  • Lowest priced listing is $1,195,000 for the charmin 1939 home with 3 bedrooms / 2 bathrooms, located at 780 NE 72 Ter ($720/Sq.Ft.)
  • Pending Sales (Properties under contract): 5
  • Median Sales Price in  November: $800,000 with only one sale (compared to $0 in November of 2022)
  • Closed sales in November 2023: 1 (compared to none in November of 2022)

What is the average price per square foot in Belle Meade?

Belle Meade Waterfront Sales

There were no Belle Meade Waterfront Homes sold in November this year or November of 2022. Previous averages are as follows:

  • October’s average $1,904 (one sale)
  • September’s average $1,877
  • August’s average $1,658 (one sale)
  • July’s average $909.70 (one sale)
  • June’s average (no sales)
  • May’s average (no sales)
  • April’s average (no sales)
  • March’s average (no sales)
  • February’s average (no sales)
  • January’s average (no sales)
  • 2022’s average of $1,340

Belle Meade Non-Waterfront Sales (Dry Lots)

The average price per square foot for Belle Meade homes NOT on the water in November was $641, compared to $0 in November of 2022 with no dry-lot sales. Previous averages are as follows:

  • October’s average $797
  • September’s average (no sales)
  • August’s average $895
  • July’s average (no sales)
  • June’s average $874
  • May’s average $769
  • April’s average $704
  • March’s average $865
  • February’s average $623
  • January’s average $798
  • 2022’s average of $722

Belle Meade Real Estate Micro-Stats

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

Belle Meade Florida Real Estate Market Report

  • Balanced market with 6 months of inventory
  • Average Sales Price is $2.9 Million
  • Average Discount is 9%
  • Sweet spot in sales: homes above $1 Million
  • Buyers are domestic and also coming from Brazil and Colombia and Russia
  • 91.3% of deals are cash (without financing contingencies)
  • 92.9% of buyers are primary residents and buy to occupy the homes
  • We are starting to see seller contributions and they average $41,000


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