Miami Shores Real Estate Trends Report: Comprehensive January 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 44 homes for sale: (compared to 48 a year ago, in January of 2023)
- 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) *this home has been listed since August of 2022
- Lowest priced listing is $720,000 for the 4 bedroom / 2 bathroom home at 10320 NW 2nd Ave ($504/Sq.Ft.)
- Pending Sales (properties under contract): 24 (compared to 25 a year ago)
- Median Sales Price in January: $1,838,500 (compared to $1,320,000 a year ago)
- Closed sales in January: 4 (compared to 7 in January of 2023)
What is the average price per square foot in Miami Shores?
The average sold price per square foot in Miami Shores in January for homes not on the water was $583 compared to $668 in January of 2023.
There were no Miami Shores waterfront homes sold in January this year, compared to only one sale in January of 2023, selling at $534/Sq.Ft. (lake front, not 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 4 months of inventory
- Price-range moving the most continues to be between $1-1.5 Million
- Average sold price is $1.2 Million
- 32.3% of all deals are CASH
- 94.2% 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.
- We are starting to see seller’s consessions averaging $14,000 (between $650 and $68k)
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