Surfside Real Estate Market Report for May 2015

Surfside Real Estate Market Report

There are currently  22  Surfside homes for sale (1 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: 6 (1 less than last month)
• Closed sales in May: 4 (compared to 8 in the previous month)

The 4 Surfside homes sold in May were the following:

• 1236 Biscaya Dr – 6 bedrooms / 7.5 bathrooms, 6,723 sq.ft. of living space on the wide bay.  Magnificent contemporary home originally listed for $6.9 Million in November of 2014, reduced to $6.6 Million in February of 2015 and finally selling for $5.9 Million ($878/sq.ft.)
• 8950 Byron Av – 4 bedrooms / 3 bathrooms, 2,073 sq.ft. of living space.  Remodeled home listed for $749,900 in March of 2015 and selling for $715,000 ($345/sq.ft.)
• 9041 Emerson Av – 3 bedrooms / 2 bathrooms with 1,960 sq.ft. of living space. Originally listed for $729,000 in December of 2014, with a couple of price reductions and finally selling for $676,000 ($345/sq.ft.)
• 9272 Dickens Av – 3 bedrooms / 2 bathrooms with 1,600 sq.f.t of living space.  Originally listed for $675,000 in January of 2015, reduced to $649,000 in February and sold for $600,000 ($375/sq.ft.)

The average selling price per square foot for Surfside homes (not on the water) in May  was $355 compared to averages in other months:

• April $347
• March $363
• February $316
• January $321
• 2014 – $324

Inventory remains low in Surfside and buyers are just waiting for new properties to come on the market.  Although we see a slight fluctuation in price per square foot, there’s an overall conservative increase in pricing.  Call us for a listing appointment, your home may be perfect for one of our buyers.

Surfside Home of The Month

Miamism Sales Team recommends the Surfside home located at 9380 Bay Drive.  Here’s a 2-story, waterfront home built in 1945 with 4,765 sq.ft. of living space.  Beautifully scaled with 5 bedrooms and 5 bathrooms.  It’s offered at $2,995,000 and we will be happy to send you photos and arrange a showing appointment.

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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