We prepare a Miami Shores Real Estate market report on a monthly basis and publish it on the first week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe any time.
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 52 homes for sale: (compared to 18 a year ago in February)
- Highest priced listing is $7,770,000 for the new construction at 1275 NE 93 St with virtual replica NFT and own parcel of land in Social Business Lifestyle Metaverse of Alpha City – with 6 bedrooms / 6.5 bathrooms, 6,438 Sq.Ft. on 12,975 dry lot (non-waterfront) – listed at $1,207/Sq.Ft (and seller accepts ETH)
- Lowest priced listing is $580,000 for the 3 bedroom / 4 bathroom home at 9550 NW 2nd Ave with 1,825 Sq.FT. on 15,511 Sq.Ft. lot ($318/Sq.Ft.) **zoned duplex
- Pending Sales (properties under contract): 31 (compared to 38 a year ago)
- Median Sales Price in February: $1,200,000 (compared to $799,999 a year ago)
- Closed sales in February: 10 (compared to 7 in February of 2022)
What is the average price per square foot in Miami Shores?
The average sold price per square foot in Miami Shores in February for homes not on the water was $604 compared to $540 a year ago. Previous averages as follows:
The average sold price per square foot in Miami Shores in February for waterfront homes was $659 (2 sales, one was non-navigable/lake front). There were no waterfront homes sold in February of 2022. Previous averages as follows:
- January’s average $534 (one sale – non-navigable)
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 5 months of inventory
- Price-range moving the most is between $1-1.5 Million
- Average sold price is $1.2 Million
- 3 bedroom homes are the most sold and average $594/Sq.Ft.
- 56.3% of all deals are CASH
- 92.4% of all buyers do so as primary residents (homestead and live in their homes)
- Buyers are not only domestic, but coming from France, Venezuela, Argentina and Colobia