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Surfside Real Estate - monthly market report - July 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Real Estate Surfside Market Doing?

There are currently 13 Surfside homes for sale (compared to 11 last month):

  • Highest priced listing:  $5 Million - 3/2 waterfront fixer upper with 15,075 SF lot and 75' of water frontage, located at 600 88th Street. Increased from $4 Million ($1,776/SF)

  • Lowest priced listing: $625,000 for the 3/2 home at 8918 Harding Ave ($428/SF)

  • Pending Sales: 12 (homes with a sales contract that have not yet closed)

  • Closed Sales in July: 1 (compared to 8 in June)

  • Median Sales Price in July: $893,000 (one sale)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Surfside last month?

For a list of all properties sold in July and Houses for Sale Surfside, please email us at Surfside@miamism.com

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What is the average price per square foot in Surfside?

The average sold price per square foot in Surfside in July for homes not on the water was $592 (one sale), compared to:

  • June's average - $505
  • May's average - $518
  • April's average - $511
  • March's average - $464
  • February's average - $437
  • January's average - $502
  • 2020's average of $416

There were no waterfront home solds in July in Surfside, the average sold price per square foot in previous months was:

  • June's average $721 (one sale)
  • May's average - no sales
  • April's average - no sales
  • March's average - $1000
  • February's average - $829
  • January's average - $809
  • 2020's average of $689 (only 6 sales)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top Surfside Sales in July (by price per square foot)

There was only one home sale in Surfside last month. The home located at 9216 Dickens Ave with 4 bedrooms / 2 bathrooms, 1,508 SF on 5,600 SF lot. It was listed in June for $849,000 and closed for $893,000 ($592/SF) **cash transaction

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Real Estate Surfside 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:

  • Seller's Market with 2 months of inventory
  • Average Sales Price is $1.1 Million
  • Average Discount is 6%
  • Sweet spot in sales are homes priced between $700,000 - $800,000
  • 56.8% of all deals are CASH
  • Buyers are coming from the US, Canada, Argentina, Brazil and France
  • 67.7% of buyers are primary residents

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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