Normandy Shores Real Estate Trends Report: Comprehensive August 2024 Analysis
How is the Normandy Shores Real Estate Market Doing?
There are currently 9 homes for sale, (compared to 7 last month)
- Highest priced listing is $13 Million for the 5 bedroom/ 6 bathroom home under construction, located at 535 N Shore Dr, with 2,259 Sq.Ft. of living area, 10,200 Sq.Ft. lot with 60′ of open bay water frontage ($5,755/Sq.Ft.)
- Lowest priced listing is $1,550,000 for the 4 bedroom / 2 bathroom home on the golf course, with 2,327 Sq.Ft. and 7,20o Sq.Ft. lot at 515 S Shore Dr ($666/Sq.Ft.)
- Pending Sales (Properties under contract): 2
- Median Sales Price in August: $1,770,000 (compared to $0 last month)
- Closed Sales in August: 3 (compared to no sales last month)
What is the average price per square foot in Normandy Shores?
There were 3 Normandy Shores homes sold in August: 1 on the water selling at $1,478/Sq.Ft, and 2 non-waterfront, selling at an average of $703/Sq.Ft. Previous months as follows:
| month/yr | non waterfront | # of sales | waterfront | # of sales |
|---|---|---|---|---|
| July | 0 | no sales | 0 | no sales |
| June | 0 | no sales | 0 | no sales |
| May | $719/SF | 2 | $1,411/SF | one sale |
| April | $548/SF | one sale | $1,943/SF | one sale / open bay |
| March | 0 | no sales | 0 | no sales |
| February | 0 | no sales | $812/SF | one sale |
| January | $674/SF | one sale | 0 | no sales |
| 2023 | $670/SF | no sales | $1,326/SF | – |
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
- Buyer’s market with 12 months of inventory at the current rate of sales
- Average discount is 8%
- Average sales price is $2 Million
- Price-range moving is above $1 Million
- 61.1% of deals are CASH transactions
- 89.5% of all buyers are primary residence owners
- We’re seeing seller concessions in 15.8% of transactions averaging $4,000
- Top international Migration into Miami Beach is coming from Colombia and Argentina comes in second.
- Top Domestic Migration into Miami Beach is coming from New York and California comes in Second.
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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.