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Surfside Real Estate - monthly market report - May 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Real Estate Surfside Market Doing?

There are currently 7 Surfside homes for sale (compared to 15 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: $749,000 for 3/2 at 8919 Garland Ave

  • Pending Sales: 19 (homes with a sales contract that have not yet closed)

  • Closed Sales in May: 6(compared to 9 in April)

  • Median Sales Price in May: $885,000

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Surfside last month?

For a list of all properties sold in May 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 May for homes not on the water was $518, compared to:

There were no waterfront homes sold in May in Surfside, the average sold price per square foot in previous months was:

  • 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 3 Surfside Sales in May (by square footage)

  • 9049 Carlyle Ave - 2 bedrooms / 1 bathroom, charming home in mint condition with 1,161 SF on 5,600 SF lot. Home was listed for $675,000 and closed in less than a month for $685,000 ($630/SF) **cash transaction
  • 8926 Abbott Ave - 4 bedrooms / 3 bathrooms with 1,659 SF on 5,600 SF lot. Listed for $929,000 in September of 2020, decreased to $895,000 in December and sold for $885,000 ($593/SF) **cash transaction
  • 9400 Abbott Ave - 3 bedrooms / 2 bathrooms with 2,074 SF on 11,760 SF lot. Originally listed for $1.2 Million in December of 2019, dropped and increased a few times to final $1.1 Million and sold for $1,000,000 ($518/SF)

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:

  • Aggressive Seller's Market with 1 month 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
  • 51.2% of all deals are CASH
  • 68.9% of buyers are primary residents

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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