Miami Shores Housing Market Report for May 2013

Miami Shores Homes – Real Estate Market Report

There are currently 43 Miami Shores homes for sale: (2 more than last month)

• Highest priced listing is $3,395,000 (9215 N. Bayshore Dr – pictured above)

• Lowest priced listing is $239,000 (217 NW 91 St)

• Pending Sales (Properties under contract): 44 (3 less than last month)

• Closed sales in May:  30 (9 more than last month)

Average price per square foot for Miami Shores homes has increased to $230 which is huge considering we were at $187 a short year ago.  What this means is that the average house will be priced here – if your house is above average (you do need to be objective because everyone thinks your own house is better than the rest), it will be in the mid $250 per SF.  Because of the lack of inventory, it definitely helps to stage and prepare your home for sale BEFORE you put it in the market.  It will guarantee a quick sale for top dollar.  We are Miami Shores REALTORS, call us for a free market analysis of your home and remember that with our architecture background, we will help you with preparations to get the most for your dollar.

You can also email us at MiamiShores@miamism.com