Surfside Real Estate – monthly market report – July 2021
How is the Real Estate Surfside Market Doing?
There are currently 13 Surfside homes for sale (compared to 11 last month):
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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)
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Lowest priced listing: $625,000 for the 3/2 home at 8918 Harding Ave ($428/SF)
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Pending Sales: 12 (homes with a sales contract that have not yet closed)
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Closed Sales in July: 1 (compared to 8 in June)
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Median Sales Price in July: $893,000 (one sale)
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What sold in Surfside last month?
For a list of all properties sold in July 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 July for homes not on the water was $592 (one sale), compared to:
- June’s average – $505
- May’s average – $518
- April’s average – $511
- March’s average – $464
- February’s average – $437
- January’s average – $502
- 2020’s average of $416
There were no waterfront home solds in July in Surfside, the average sold price per square foot in previous months was:
- June’s average $721 (one sale)
- May’s average – no sales
- April’s average – no sales
- 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 Surfside Sales in July (by price per square foot)
There was only one home sale in Surfside last month. The home located at 9216 Dickens Ave with 4 bedrooms / 2 bathrooms, 1,508 SF on 5,600 SF lot. It was listed in June for $849,000 and closed for $893,000 ($592/SF) **cash transaction
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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:
- Seller’s Market with 2 months of inventory
- Average Sales Price is $1.1 Million
- Average Discount is 6%
- Sweet spot in sales are homes priced between $700,000 – $800,000
- 56.8% of all deals are CASH
- Buyers are coming from the US, Canada, Argentina, Brazil and France
- 67.7% of buyers are primary residents