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Miami Shores Real Estate - monthly market report - June 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Miami Shores Real Estate Market Doing?

There are currently 37 homes for sale: (compared to 34 in May)

  • Highest priced listing $8.5 Million for the 5/4.5 bay front home at 9999 NE 13th Avenue with 83' of open bay water frontage ($2,163/SF)
  • Lowest priced listing is $515,000 for the 2/1 at 118 NW 100th Ter ($438/SF)
  • Pending Sales (Properties under contract): 35
  • Median Sales Price in June: $825,000
  • Closed sales in June: 20 (compared to 17 in May)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Miami Shores last month?

For a list of all Miami Shores homes sold in June please email us at MiamiShores@miamism.com

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What is the average price per square foot in Miami Shores?

The average sold price per square foot in Miami Shores in May for homes not on the water was $455, compared to:

There were no waterfront home sold in Miami Shores in June, previous months' averages as follows:

  • May's average - no sales
  • April's average - $593 (1 sale)
  • March's average - $321 (1 sale)
  • February's average - $550 (1 sale - fixed bridge)
  • January's average - no waterfront sales

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top 3 Sales in Miami Shores in June (by square footage)

  • Beautifully restored mid-century modern (designed by Joseph De Brita) on a 1/2 acre lot located at 500 NE 96th Street. The home was listed for $2,599,000 in April and sold for $2.5 Million ($686/Sf) **cash transaction
  • One of my favorite homes East of Biscayne - another mid-century home at 1190 NE 100th St. Home was listed for $1,390,000 in April and sold for $1,308,000 ($683/SF) **cash transaction
  • Another mid-century at 1130 NE 91 Ter. This one was listed in March for $1,399,000 and sold for $1,390,000 ($585/SF)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Miami Shores Opinion

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Some key points you should know:

  • 2 months of inventory and aggressive SELLER's MARKET
  • Average Sales Price has increased to $763,000 (continues to increase)
  • Average Discount remains at 6%
  • Sweet spot in sales are homes priced between $400,000 - $900,000 and between $1M-$1.5M
  • 26.5% of all deals are CASH
  • 80.3% of buyers are primary residents

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Market Reports for The Tri-villages

        


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