Normandy Shores Real Estate Market Report by miamism

Normandy Shores Real Estate Trends Report: Comprehensive April 2024 Analysis

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How is the Normandy Shores Real Estate Market Doing?

There are currently 13 homes for sale, (compared to 16 last month)

  • Highest priced listing is $8.85 Million for the 4 bedroom / 4 bathroom home at 1065 N Shore Dr with 3,625 sq.ft. on 12,410 sq.ft. lot and 73′ of open bay water frontage ($2,441/Sq.Ft.)
  • Lowest priced listing is $1.59 Million $1,575,000 for the 4 bedroom / 2 bathroom home on the golf course at 415 S Shore Dr with 2,060 Sq.ft. on 7,200 Sq.Ft. ($772/Sq.Ft.)
  • Pending Sales (Properties under contract): 1
  • Median Sales Price in April: $6,145,000 (compared to no sales last month)
  • Closed Sales in April: 2 (compared to no sales last month)

What is the average price per square foot in Normandy Shores?

There were 2 Normandy Shores homes sold in April, compared to no sales last month.  One sale was on the open bay and sold for $1,943/Sq.Ft. and the other was a dry lot property selling at $548/Sq.Ft. – previous months as follows:

  • March – no sales
  • February not on the water (no sales) – February waterfront average $812 (one sale)
  • January not on the water, average $674 (one sale) – January waterfront – no sales
  • 2023’s waterfront average of $1,326/Sq.Ft.
  • 2023’s non-waterfront average of $670/Sq.Ft.

Normandy Shores Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Normandy Shores

Normandy Shores real estate stats by miamism

  • Buyer’s market with 11months of inventory at the current rate of sales
  • Average discount is 8%
  • Average sales price is $1.8Million
  • Price-range moving is $1-1.5M
  • 65% of deals are CASH transactions
  • 90.9% of all buyers are primary residence owners
  • We’re seeing seller consecions in 13.6% of transactions averaging $4,000

DOWNLOAD NORMANDY SHORES POINT MARKET REPORT

We prepare a NORMANDY SHORES Real Estate market report on a monthly basis and publish it on the third 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.

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