Miamism Blog

You are here

2007 Miami-Dade County Real Estate Market Conditions Summary - Surfside

Ines Hegedus-Garcia

Surfside Real Estate Market Conditions Summary for 2007

Miami Dade County Real Estate Sales in 2007

38.39% drop in home sales - 38.67 % in condo sales

Surfside Real Estate Sales 2007

This graph shows the perfect representation of the real estate market in Miami.

You can see that there were more single-family home sales in Surfside in 2007 than 2006 which is a great sign for the area. But then you look at the condo sales and there was a 56 percent decrease in 2007 from the previous year.

Although there is not much of a difference in the average price of a Surfside condo from 2006 ($623,299) to 2007 ($621,286) - the average price per square foot dropped from $450.37 in 2006 to $409.59 in 2007.

The single-family home numbers are very similar - reflective of the sales graph above.  The average Surfside single family home in 2006 was $757,516 whereas in 2007 it increased to $770,025.  The average price per square foot of Surfside single-family homes in 2006 was $371.67 and $363.10 in 2007.

What makes Surfside special?  It's proximity to the ocean.  You see people walking towards the beach every day, but you also have waterfront Luxury homes on the bay side.  In my opinion, if there is a condo market that will remain strong in Miami, it has to be those condos on the ocean.  There's nothing like sand under you feet and the sound of the ocean waves from your balcony.

**information derived from SEF Multiple Listing Service**

Recent Posts

How is the Miami Shores Real Estate Market Doing? There are currently 45 homes for sale: (compared to 56 in January) Highest priced listing $6,495,000 for the bay front home at 9301 N Bayshore Dr with 4,618 SF, on 13,968 SF... more

All legal Florida residents are eligible for a Florida Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. State law allows Florida homeowners to claim up to a $... more

How is the Belle Meade Real Estate Market Doing? There are currently 5 homes for sale in Belle Meade:  Highest priced listing $19.5 Million for the huge open bay property with 480' of water frontage and 29,452 SF of land... more

Thank you Bloomberg Tax for providing 5 great tips for businesses and individuals looking to relocate to Miami. As we well know, Covid-19 accelerated the migration of businesses to tax-friendly states.  Because remote work... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.