Miami Shores Real Estate Market Report for November 2014

Miami Shores Homes – Real Estate Market Report

There are currently 76 Miami Shores homes for sale: (2 more than last month)

• Highest priced listing is $5,995,000 (1600 NE 103 St:  6 bedrooms / 5 bathrooms / 2 half baths, 6,733 sq.ft. of living space on 20,534 sq.ft. lot – directly on Biscayne Bay)

• Lowest priced listing is $290,000 (10804 NW 2 Ave) **House needs lots of work

• Pending Sales (Properties under contract): 40 (same as last month)

• Closed sales in November: 11 (4 less than last month)

The 11 Miami Shores homes sold in November ranged from $113,000 for a cash only property in need of “extensive renovations” with multiple liens and citations from City of Miami Shores, to $790,000 for the house located at 9250 NE 10 Ct.  There were 2 canal-front homes sold in November for the properties at 1148 NE 105 St and 1090 NE 105th Street – both of these homes with a fixed-bridge to the bay and in need of work, selling at $334/sq.ft. and $165/sq.ft. respectively. The average price per square foot for non-waterfront Miami Shores homes in November was $217, compared to October’s $243, September’s $235 and this year’s average of $230. The highest price per square foot sale in November was $308 for the beautifully renovated home at 9250 NE 10 Ct in the Belvidere Park Subdivision of The Shores located East of Biscayne Boulevard. We can tell you that 2 of the pending contracts in Miami Shores are our listings, one selling in only 4 days and the other will beat a price per square foot record in Miami Shores.  If you are thinking of selling, you should take advantage of the high season that will start on January 1st. It’s the perfect time to get your home in ready-selling-condition and start off the new year with a BANG!! Call us for a listing appointment.  We’ll give you tips on how to prepare your home. If you want a quick automated value of your home, click on this link (you will need an email address to get the report and we do not share our emails or spam you). CHECK YOUR CURRENT HOME VALUE 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.  We can also send you monthly market reports directly to your inbox. Feel free to email us at MiamiShores@miamism.com Lastly, don’t forget to buy tickets for The Miami Shores Heidi Hewes WCA annual holiday walk, proceeds go directly to cancer research for The Woman’s Cancer Association of the University of Miami – and you get to tour 5 gorgeous homes (renderings of homes done by yours truly).