Normandy Shores Real Estate Trends Report: Comprehensive September 2024 Analysis
How is the Normandy Shores Real Estate Market Doing?
There are currently 14 homes for sale, (compared to 9 last month)
- Highest priced listing is $18.1 Million for the new 2024 construction with 5,395 Sq.Ft., 5 bedrooms / 4 bathrooms / 2 half-baths, with 14,193 Sq.Ft. lot and 92′ of open bay water frontage ($3,355/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 415 S Shore Dr ($666/Sq.Ft.)
- Pending Sales (Properties under contract): 2
- Median Sales Price in September : no sales ( with median price of $1,770,000 last month)
- Closed Sales in September: no sales (compared to 3 sales last month)
What is the average price per square foot in Normandy Shores?
There were no Normandy Shores sold in September. Previous months as follows:
| month/yr | non waterfront | # of sales | waterfront | # of sales |
|---|---|---|---|---|
| August | $703 | 2 | $1,478/SF | 1 |
| 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 13 months of inventory at the current rate of sales
- Average discount is 8%
- Average sales price is $1.9 Million
- Price-range moving is between $1-1.5 M and most inventory is above $2M
- 58.8% of deals are CASH transactions
- 89.9% of all buyers are primary residence owners
- We’re seeing seller concessions in 11.1% of transactions averaging $5,000
- 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.