Surfside Real Estate – monthly market report – October 2021
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
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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
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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)
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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
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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