Normandy Shores Real Estate Market Report

Normandy Shores Real Estate Trends Report: Comprehensive May 2024 Analysis

How is the Normandy Shores Real Estate Market Doing?

There are currently 15 homes for sale, (compared to 13 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 May: $1,799,990 (compared to $6,145,000 last month)
  • Closed Sales in May: 3 (compared to 2 sales last month)

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

There were 3 Normandy Shores homes sold in May, compared to 2 sales last month. 2 sales were non-waterfront homes and they averaged $719/Sq.Ft – there was one waterfront sale that sold at $1,411/Sq.Ft. and it was a canal-front home.  Other averages as follows:

  • April not on the water $548/Sq.Ft. (one sale) – waterfront average $1,943/Sq.Ft. waterfront (open bay- one sale)
  • 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 - Miami Beach - real estate stats

  • Buyer’s market with 14 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
  • 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
  • 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.

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.