Miami Shores Real Estate – September 2022– monthly market report

How is The Miami Shores Market Doing? Compared to a year ago?

There are currently 57 homes for sale: (compared to 24 a year ago in September)

Highest priced listing is $9 Million for the bay front home at 9999 NE 13th Ave. This 5 bedroom / 4.5 bathroom mid-century home has 3,429 Sq.Ft. of living space and sits on 13,953 Sq.Ft. lot with 83′ of open bay frontage. It’s been listed since April of 2021 at a starting price $8.5 Million and MLS shows it was rented back in November of 2021. ($2,625 Sq.Ft.)
Lowest priced listing is ~~$744,700~~ ~~$699,799~~ $699,699 for the 2/2 home at 10070 N Miami Avenue. Charming 30’s home on 7,200 Sq.Ft. lot ($723/Sq.Ft.)
Pending Sales (properties under contract): 15 (compared to 42 a year ago)
Median Sales Price in September: $1,115,500 (compared to $1,495,100 a year ago)
Closed sales in September: 16 (compared to 15 in September of 2021)

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

The average sold price per square foot in Miami Shores in September for homes not on the water was $658 compared to $510 a year ago!

August’s average $608
July’s average $625
June 2022’s average $625
May 2022’s average $649
April 2022’s average $689
March 2022’s average $528
February 2022’s average $540
January 2022’s average $622
2021’s average of $431

The average sold price per square foot in Miami Shores in September for homes ON the water was $751 (only one sale) compared to $881 a year ago. Past month averages as follows:

August’s average $1,409
July’s average $559 (one sale)
June’s average $839 (one sale)
May’s average $1,471
April’s average $1,123
March’s average – no sales
February’s average – no sales
January’s average – no sales

Miami Shores Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Houses for Sale Miami Shores

Seller’s Market with 4 months of inventory
Price-range moving the most is between $1-1.5 Million
Average sold price is $1.2 Million
42.1% of all deals have conventional loans
87.7% of all buyers do so as primary residents (homestead and live in their homes)

DOWNLOAD MIAMI SHORES 3D MARKET REPORT

Miami Shores Coming Soon

We have a COMING SOON LISTING in the Downtown Miami Shores Area that will be ready to show on October 15th.

131 NE 96th St – Miami Shores, FL 33138

This is a 3 bedroom / 3 bathroom home with converted garage and 1,869 Sq.Ft. of living space. This 50’s home sits on a 8,625 Sq. Ft. lot has a renovated kitchen, impact windows and in great condition – ready for someone to move in or remodel.

$1,100,000 (listed under $600/Sq.Ft.)!!