Surfside Real Estate Market Report for February 2015

Surfside, Florida, real estate market report. See stats for Surfside homes sold in February of 2015 including price per square foot and comparison of homes in the area.

Surfside Real Estate Market Report

There are currently  26  Surfside homes for sale (4 more than last month):

• Highest priced listing: $6,600,000 (waterfront contemporary estate at 1236 Biscaya Dr –  reduced from $6.9 million)
• Lowest priced listing: $507,000 (8745 Abbott Av)
• Pending Sales: 5
• Closed sales in February: 5 (2 less than previous month)

The 5 Surfside homes sold in February were the following:

• 9040 Abbott Av – 1,945 sq.ft. home with 3 bedrooms /2.5 bathrooms – listed for $648,000 in January and selling for $602,000 ($310/sq.ft.)
• 9173 Carlyle Av – 1,850 sq.ft. home with 3 bedrooms / 2 bathrooms – listed for $598,000 in December of 2014 and selling for $605,000 ($327/sq.ft.)
• 8942 Garland Av – 1,600 sq.ft. home with 3 bedrooms / 2 bathrooms – listed for $597,000 in December of 2014 and selling for $575,000 ($359/sq.ft.)
• 9024 Byron Av – 1,706 sq.ft. home with 2 bedrooms / 2 bathrooms – listed for $489,000 in December of 2014 and selling for $442,500 ($259/sq.ft.)
• 9033 Abbott Av – 1,729 sq.ft. foreclosure with 3 bedrooms / 2 bathrooms – listed for $451,800 in December of 2014 and selling for $562,800 – ($111,000 higher than listing price!!) ($326/sq.ft.)

The average selling price per square foot for Surfside homes in February was $316, compared to January’s average of $321 and 2014’s average of $324.  Please refer to  Surfside Real Estate Market Report for 2014 to look at the whole year’s stats.

Although numbers may fluctuate slightly from month to month, Surfside continues to appreciate and demand is higher than ever because of the low inventory.  You know what happens when there’s high demand and low supply… prices go up!  We continue to see multiple-offer scenarios specially with corner properties and those with 4 bedrooms.  Keep this in mind because you will need a clear strategy whether you are buying or selling.

We added a new system to miamism.com and the idea is to provide monthly trend reports directly to your inbox.  These trend reports will not only give you information about the neighborhood, but it will also give you an estimated home value for your particular property.  We need to repeat that it is an automated system, not like these reports that we produce manually and give you inside information and our opinion.

To sign up to our Home Trend Reports, go to MiamismTRENDS.com and fill in your information.

If you have any doubts on the automated value, please contact us and we will make adjustments and corrections according to upgrades and location of your particular home.

Call us Today for a listing appointment!

If you are interested in getting a list of all properties currently for sale in Surfside, we will be happy to send you a digital copy at your request.  We can also send you monthly market reports directly to your inbox. Feel free to email us at Surfside@miamism.com

**We also have some unlisted opportunities in Surfside and other areas of Miami, contact us for more info**