miami-shores-real-estate-monthly-market-report-june-2021

Miami Shores Real Estate – monthly market report – June 2021

How is the Miami Shores Real Estate Market Doing?

There are currently 37 homes for sale: (compared to 34 in May)

  • Highest priced listing $8.5 Million for the 5/4.5 bay front home at 9999 NE 13th Avenue with 83′ of open bay water frontage ($2,163/SF)
  • Lowest priced listing is $515,000 for the 2/1 at 118 NW 100th Ter ($438/SF)
  • Pending Sales (Properties under contract): 35
  • Median Sales Price in June: $825,000
  • Closed sales in June: 20 (compared to 17 in May)

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What sold in Miami Shores last month?

For a list of all Miami Shores homes sold in June please email us at MiamiShores@miamism.com

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What is the average price per square foot in Miami Shores?

The average sold price per square foot in Miami Shores in May for homes not on the water was $455, compared to:

There were no waterfront home sold in Miami Shores in June, previous months’ averages as follows:

  • May’s average – no sales
  • April’s average – $593 (1 sale)
  • March’s average – $321 (1 sale)
  • February’s average – $550 (1 sale – fixed bridge)
  • January’s average – no waterfront sales

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Top 3 Sales in Miami Shores in June (by square footage)

  • Beautifully restored mid-century modern (designed by Joseph De Brita) on a 1/2 acre lot located at 500 NE 96th Street. The home was listed for $2,599,000 in April and sold for $2.5 Million ($686/Sf) **cash transaction
  • One of my favorite homes East of Biscayne – another mid-century home at 1190 NE 100th St. Home was listed for $1,390,000 in April and sold for $1,308,000 ($683/SF) **cash transaction
  • Another mid-century at 1130 NE 91 Ter. This one was listed in March for $1,399,000 and sold for $1,390,000 ($585/SF)

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Miami Shores 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:

  • 2 months of inventory and aggressive SELLER’s MARKET
  • Average Sales Price has increased to $763,000 (continues to increase)
  • Average Discount remains at 6%
  • Sweet spot in sales are homes priced between $400,000 – $900,000 and between $1M-$1.5M
  • 26.5% of all deals are CASH
  • 80.3% of buyers are primary residents

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Market Reports for The Tri-villages

        

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