Miami Shores Real Estate Market Report for March 2014

Miami Shores Homes – Real Estate Market Report

There are currently 86 Miami Shores homes for sale: (14 more than last month)

• Highest priced listing is $3,999,999 (1300 NE 94 St on wide bay) *featured in January

• Lowest priced listing is $2169,900 (435 NW 111 St)

• Pending Sales (Properties under contract): 37 (4 more than last month)

• Closed sales in March:  12 (6 more than last month)

The 12 Miami Shores homes sold in March were the following:

• 1081 NE 95 St – listed for $1,150,000 and selling for $1,000,000 ($327/sf)
• 485 NE 94 St – listed for $1,148,000 and selling for $1,002,500 ($295/sf)
• 1095 NE 95 St – listed for $843,000 and selling for $705,000 ($231/sf)
• 1260 NE 94 St – listed for $799,000 and selling for $785,000 ($290/sf)
• 87 NE 92 St – listed for $699,000 and selling for $665,000 ($317/sf)
• 1298 NE 104 St – short sale listed for $629,000 and selling for $545,000 ($192/sf)
• 1036 NE 95 St – listed for $600,000 and selling for $587,000 ($305/sf)
• 30 NE 93 St – listed for $599,000 and selling for $580,000 ($242/sf)
• 17 NE 109 St – listed for $439,000 and selling for $410,000 ($192/sf)
• 92 NW 93 St – short sale listed for $379,500 and selling for $350,000 ($203/sf)
• 78 NW 99 St – listed for $307,500 and selling for $397,500 ($247/sf)
• 215 Grand Concourse – short sale needing a lot of renovation work, listed for $299,000 and selling for $323,925 ($135/sf)

The average sales price per square foot for Miami Shores homes in March was $248.  That’s considerably higher than the $215/sf from 2013 (2013 Miami Shores Real Estate Market Report), and higher than February’s $190/sf.

If you decide to list your home for sale, we recommend that you take a trip to Miami Shores City Hall to check if you have any open permits.  We do this for our clients as a courtesy, to avoid last-minute problems prior to closing.

If you are interested in getting a list of all properties currently for sale in Miami Shores, we will be happy to send you a digital copy at your request.  Feel free to email us at MiamiShores@miamism.com