Miami Shores Real Estate Trends Report: Comprehensive February 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 53 homes for sale: (compared to 52 a year ago)
- Highest priced listing is $9,495,000 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.)
- Lowest priced listing is
$720,000$700,000 for the 4 bedroom / 2 bathroom home at 10320 NW 2nd Ave ($504/Sq.Ft.) - Pending Sales (properties under contract): 25 (compared to 31 a year ago)
- Median Sales Price in February: $1,264,000 (compared to $1,200,000 a year ago)
- Closed sales in February: 10 (same as in February of 2023)
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 $659 compared to $604 in February of 2023. Previous averages as follows:
- January’s Average $583
- 2023’s average of $640
- 2022’s average of $589
There were no Miami Shores waterfront homes sold in February this year, compared to $659 in February of 2023 (with one being non-navigable). Previous averages as follows:
- 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
- Seller’s Market with 4 months of inventory
- Price-range moving the most continues to be between $1-1.5 Million but most inventory is above $2 Million
- Average sold price is $1.2 Million
- 34.8% of all deals are CASH
- 94.5% of all buyers do so as primary residents (homestead and live in their homes)
- Buyers are not only domestic, but coming from Argentina, Venezuela, and France.
- We are starting to see seller’s concessions averaging $14,000 (between $650 and $68k)
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