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Surfside Real Estate - monthly market report - October 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Real Estate Surfside Market Doing?

There are currently 10 Surfside homes for sale (compared to 14 last month):

  • Highest priced listing:  $10,750,000 for the 6/6.5 new construction, modern home, at 1413 Biscaya Dr on the inside of Biscaya Island with 68' of water frontage ($1,987/SF)

  • Lowest priced listing: $875,000 for the remodeled 3/2 at 8835 Hawthorne Ave ($599/SF)

  • Pending Sales: 8 (homes with a sales contract that have not yet closed)

  • Closed Sales in October: 5 (compared to 7 in September)

  • Median Sales Price in October: $858,450

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Surfside last month?

For a list of all properties sold in October 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 October for homes not on the water was $545, compared to:

  • September's average - $441
  • August's average - $564
  • July's average - $592 (one sale)
  • 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 Surfside waterfront homes sold in October, previous months' averages as follows:

  • September's average - $1,530 (one sale)
  • August's average - $1,627
  • July's average - no sales
  • 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 October (by price per square foot)

  • 1940's beauty with guest cottage, (main house is a 2/2 with 1/1 cottage with separate entrance), 1,386 SF on 5,600 SF lot located at 9324 Byron Ave. Listed for $799,000 in August and selling for $875,000 ($631/SF) **cash transaction
  • 9224 Dickens Ave - quaint 30's home with 3 bedrooms / 2 bathrooms, 1,474 SF on 5,600 SF lot. Listed for $990,900 in August and selling for $900,000 ($611/SF)
  • 9149 Byron Ave - 3 bedroom / 2 bathroom home with 1,674 SF on 5,600 SF lot. Listed for $895,000 in September and selling for $945,000 ($565/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 1 months of inventory
  • Average Sales Price is $1.2 Million
  • Average Discount is 6%
  • Sweet spot in sales are homes priced between $700,000 - $800,000
  • 65% of all deals are CASH
  • Buyers are coming from the US, Canada, Argentina, France & Russia
  • 64.4% of buyers are primary residents

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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