Normandy Shores Real Estate Market Report – February 2025 Trends & Analysis
Normandy Shores’ real estate market presents a mix of opportunities and challenges. Whether you’re a buyer or seller, understanding the latest trends can help you make informed decisions. Let’s break it down—no fluff, just the key takeaways.
🚨 Sellers, Are You Overpricing?
There’s a $1.7 million gap between what sellers are asking ($4.7M) and what buyers are actually paying ($3.0M). While luxury homes command premium prices, the numbers suggest current sellers may be overly optimistic. The 8% average discount on sold properties confirms that buyers are negotiating below asking.
💰 Buyers, Leverage is on Your Side
On average, buyers are securing properties 8% below the listing price, showing that negotiation is a crucial tool in this market. Additionally, active listings are priced $182 per square foot higher than recently sold homes. This means some sellers may need to adjust expectations—be sure you’re paying market value, not an inflated price.
🏡 Market Activity & Turnover
Normandy Shores has 585 total households, with 21 closed sales over the past year—a 3.6% turnover rate, indicating a moderately active luxury market. With 20 active listings, the supply-demand balance remains steady, though overpriced listings could lead to slower sales.
⏳ Market Velocity
Homes that sold took an average of 191 days to close—over six months. Meanwhile, current listings have been on the market for 89 days, which could indicate quicker sales—or the need for price adjustments. The longer closing time suggests a slower-moving luxury market, where patience is required for both buyers and sellers.
📈 Market Value & Opportunity
Total sales volume reached $62.4 million.This confirms Normandy Shores as an established luxury market with significant transaction values. However, pricing pressure could be influencing buyer behavior.
What’s Your Next Move?
Sellers: If your property isn’t moving, adjusting your price to align with recent sales may be the key to attracting serious buyers.
Buyers: The numbers show that negotiation is working in your favor. Let’s ensure you’re making the most of this advantage.
At Miamism, we believe the smartest decisions come from clarity, strategy, and timing. Whether you’re buying or selling, we’ll help you navigate the market with confidence. Let’s talk. 🚀🏡