Surfside Real Estate Market Report for November 2014

Surfside Real Estate Market Report

There are currently  22  Surfside homes for sale: (3 more than last month)

• Highest priced listing: $6,900,000 (waterfront contemporary estate at 1236 Biscaya Dr)
• Lowest priced listing: $399,000 for a short sale at 8753 Abbott Av
• Pending Sales: 8 (same as last month)
• Closed sales in November: 4 (2 less than last month)

The 4 Surfside homes sold in November were the following:

• 8835 Emerson Av – listed for $749,000 in July and selling for $715,000 ($324/sq.ft.)
• 8919 Emerson Av – listed for $589,000 in September and selling for $550,000 ($341/sq.ft.)
• 8850 Emerson Av – originally listed for $589,000 in July, reduced to $550,000 in October and sold for $500,000 ($271/sq.ft.)
• 8859 Byron Av – listed for $540,000 in October and selling for $535,000 ($285/sq.ft.)

The average selling price per square foot for Surfside homes in November came in at $305, compared to October’s $262, September’s $300 and August $328.  The average selling price this year has been $300 compared to 2013’s average of $270.  That’s a solid 11% increase for Surfside homes. What’s interesting to note in Surfside is that homes in great condition are selling quickly with multiple offers!  Take our “coming soon listing” which we announced in last month’s market reports.  We had multiple offers and house was under contract in 4 days with a 30 day closing date.  Take a look at property photos below. We are Surfside REALTORS, ready to list and market your property! Call us for a listing appointment. We are now also providing these quick services to help with your real estate needs – your email address will be necessary to get the reports. And always keep in mind that these are automated and should only give you a ballpark figure. CHECK YOUR CURRENT HOME VALUE To sell or buy your Surfside home, please contact us at Surfside@miamism.com UNDER CONTRACT IN 4 DAYS!!  Beautiful Surfside corner home with 3 bedrooms + den, 3 bathrooms, marble floors, impact windows, new roof and plenty of room for pool. Asking price  $740,000