Surfside Real Estate – monthly market report – April 2021

How is the Real Estate Surfside Market Doing?

There are currently 15 Surfside homes for sale (compared to 16 last month):

• Highest priced listing:  $5 Million – 3/2 waterfront fixer upper with 15,075 SF lot and 75′ of water frontage, located at 600 88th Street. Increased from $4 Million ($1,776/SF)

• Lowest priced listing: $575,000 for the 3/2 at 8918 Harding Ave ($394/SF)

• Pending Sales: 15 (homes with a sales contract that have not yet closed)

• Closed Sales in April: 9 (compared to 12 in March)

• Median Sales Price in April: $825,000

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What sold in Surfside last month?

For a list of all properties sold in April and Houses for Sale Surfside, please email us at Surfside@miamism.com

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What is the average price per square foot in Surfside?

The average sold price per square foot in Surfside in April for homes not on the water was $511, compared to:

• March’s average – $464
• February’s average – $437
• January’s average – $502
• 2020’s average of $416
• 2019’s average of $386

There were no waterfront homes sold in April in Surfside, the average sold price per square foot in previous months was:

• March’s average – $1000
• February’s average – $829
• January’s average – $809
• 2020’s average of $689 (only 6 sales)

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Top 3 Surfside Sales in April (by square footage)

• 9181 Carlyle Ave – brand new construction with 4 bedrooms / 3 bathrooms, 2,800 SF on 5,600 SF lot. It was listed for $1,995,000 in January of 2020 and sold for $1.75 Million ($625/SF) ** cash transaction
• 9016 Carlyle Ave – 1941 remodeled home with 3 bedrooms / 2 bathrooms, 1,681 SF on 5,600 SF lot. Listed for $939,000 in March and sold for $890,000 ($597/SF) **cash transaction
• 8934 Harding Ave – 1935 remodeled home with 3 bedrooms / 2 bathrooms, 1,206 SF on 5,600 SF lot. Listed for $685,000 in February and sold for $685,000 ($578/SF)

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Real Estate Surfside Opinion

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Some key points you should know:

• Aggressive Seller’s Market with 2 months of inventory
• Average Sales Price continues to increase and is currently $1.1 Million
• Average Discount is 6%
• Sweet spot in sales are homes priced between $700,000 – $800,000
• 52.6% of all deals are CASH
• 69.5% of buyers are primary residents

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We have buyers actively looking in Surfside right now.  If you are considering selling your home, please contact us ASAP!