Miami Shores Real Estate Trends Report: Comprehensive April 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 58 homes for sale: (compared to 39 a year ago)
- Highest priced listing is
$9,495,000$8,950,000 for the bay front home with 4 bedrooms / 4.5 bathrooms, located at 9301 N Bayshore Dr. This 1955 home has 4,225 Sq. Ft of living space, a 13,968 Sq. Ft. lot with 84′ of open bay frontage ($2,247/Sq.Ft.$2,228/Sq.Ft.) - Lowest priced listing is $920,000 for 3 bedroom / 1 bathroom home at 41 NW 107th St. This home has 1,081 Sq.Ft. of living space and sits on 9,225 Sq.Ft. lot ($851/Sq.Ft.)
- Pending Sales (properties under contract): 27 (compared to 32 a year ago)
- Median Sales Price in April: $1,200,000 (compared to $950,000 a year ago)
- Closed sales in April: 13 (compared to 20 in April of 2023)
What is the average price per square foot in Miami Shores?
The average sold price per square foot in Miami Shores in April for homes not on the water was $654 compared to $600 in April of 2023. Previous averages as follows:
- March’s Average $699
- February’s Average $659
- January’s Average $583
- 2023’s average of $640
- 2022’s average of $589
The average sold price for Miami Shores waterfront homes in April this year was $786 per square foot, compared to no sales in April of 2023. Previous averages as follows:
- March’s Average $1,298 (one sale)
- February’s Average – no waterfront sales
- January’s Average – no waterfront 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
- Balanced market with 6 months of inventory (doesn’t favor sellers or buyers)
- Price-range moving the most continues to be between $1-1.5 Million and most inventory is above $1 Million
- Average sold price is $1.2 Million
- 37.3% of all deals are CASH
- 93.2% of all buyers do so as primary residents (homestead and live in their homes)
- Buyers are not only domestic, but coming from Argentina, Venezuela, Brazil and France.
- Seller concessions are now 21% of all sales, averaging $14,000 (contribution from seller to buyer)
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