Miami Shores Real Estate Market Report for October 2014

Miami Shores Homes – Real Estate Market Report

There are currently 74 Miami Shores homes for sale: (5 less 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 (1 more than last month)

• Closed sales in October: 15 (same as than last month)

The 15 Miami Shores homes sold in October ranged from $230,000 for a bank owned foreclosure at 190 NW 100 Terrace, to $960,000 for historic Robert Law Weed home located at 893 NE 96th Street. There were no waterfront homes sold in October and the average price per square foot for sold homes was $243 which was considerably higher than September’s average of $235 and this year’s average of $223. The lowest price per square foot sale in October was $143 for a fixer upper at 102 NE 106th Street and the highest was $310/sq.ft. for the meticulously updated home at 280 NE 95th St. We are still in the “high market” until the end of November, the question is always how much will the market slow down during the holidays and how it will pick up again in January. Call us for a listing appointment. And 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 For information on an off-market property in Miami Shores, please contact us directly – bay front lot for sale for $2.5 million with approved site plan by the City of Miami Shores.  It is not in the MLS COMING SOON!!  Take a look at this gorgeous 2 bedroom / 1 bathroom home in Miami Shores with impact windows, 10-year old roof, new drain field and plenty of charm.  It will be priced at $300,000 – call us for more information.