Normandy Shores Real Estate Trends Report: Comprehensive June 2024 Analysis
How is the Normandy Shores Real Estate Market Doing?
There are currently 10 homes for sale, (compared to 15 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): 4
- Median Sales Price in June: no sales (compared to $1,799,999 last month)
- Closed Sales in June: 0 (compared to 3 sales last month)
What is the average price per square foot in Normandy Shores?
There were no Normandy Shores homes sold in June, compared to 3 sales last month (1 waterfront and 2 non-waterfront), as follows:
| month/yr | non waterfront | # of sales | waterfront | # of 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 | – | no sales |
| 2023 | $670/SF | – | $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 10 months 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
- 63.2% of deals are CASH transactions
- 90.5% of all buyers are primary residence owners
- We’re seeing seller consecions in 14.3% 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.