Surfside Real Estate Market Report for June 2015

Surfside Real Estate Market Report

There are currently  19  Surfside homes for sale (3 less than last month):

• Highest priced listing: $5,000,000 (waterfront fixer upper at 1332 Biscaya Dr)
• Lowest priced listing: $565,000 (9057 Carlyle Av)
• Pending Sales: 8 (2 more than last month)
• Closed sales in June: 4 (same as previous month)

The 4 Surfside homes sold in June were the following:

• 9249 Emerson Av – 3 bedrooms / 2 bathrooms, 2,210 sq.ft. of living space, 5,600 sq.ft. lot and built in 1995 – originally listed for $750,000 in March of 2014, then raised to $759,000 in December of 2014 and sold for $725,000 ($328/sq.ft.)
• 9041 Dickens Av – 3 bedrooms / 2 bathrooms, 1,690 sq.ft. of living space, 5,600 sq.ft. lot and built in 1952 – listed for $699,000 in March of 2015 and sold for $499,000 ($295/sq.ft.)
• 8843 Carlyle Av – 3 bedrooms / 2 bathrooms, 1,523 sq.ft. of living space, 5,600 sq.ft. lot and built in 1940 – listed for $639,000 in May 2015 and sold for $600,000 in June ($394/sq.ft.)
• 700 Surfside Bl – 2 bedrooms / 2 bathrooms, 1,938 sq.ft. of living space, 5,625 sq.ft. lot and built in 1947 – listed for $575,900 in May and sold for $575,900 in June ($297/sq.ft.)

The average selling price per square foot for Surfside homes in June, although dropping to $328, is not a representation of the market as a whole.  The average price per square foot in Surfside, in the first half of the year, comes in at $334, which is higher than 2014’s average of $324. Here are previous month’s averages which show a slight fluctuation:

• May $355
• April $347
• March $363
• February $316
• January $321

Surfside is Miami Shores’ parallel market.  Although both cities have their own pros and cons, their real estate markets behave similarly.  Inventory in Surfside, meaning homes on the market for sale, is in an all-time low and the demand is for larger homes in the 4+ bedroom range.  Some sellers think this is their cue to over price, but buyers are savvy and will not overpay, unless the size and features are there. Call us if you are thinking about selling, your home may be perfect for one of our buyers.

Surfside Home of The Month

Miamism Sales Team recommends the Surfside home located at 9390 Bay Drive.  New construction on a corner, waterfront lot.  This home has 6 bedrooms, 5.5 bathrooms, almost 5,000 SF of living space with 53′ of water frontage.  High ceilings, contemporary design, summer kitchen, 2-car garage and sits on wide canal. It’s offered at $3,875,000. Please contact us for more information and we will also be happy to arrange a showing appointment.

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