surfside-real-estate-market-report-february-2020

Surfside Real Estate – November 2022 – monthly market report

THE MARKET IS NOT GOING DOWN AND WE ARE NOT SEEING A DECREASE IN PRICING!!
Please note that you are getting a skewed perspective of sales because sellers are reducing pricing from already elevated numbers.  You need to compare data of closed sales, not homes on the market to know that prices are still increasing.  If you want to know more, contact us!! The numbers don’t lie!!

How is the Surfside Real Estate Market Doing?

There are currently  37 Surfside homes for sale, compared to 13 in November of 2021:

  • Highest priced listing is $17,500,000 $19,500,000 $17,850,000 for the modern, 2009 home at 1236 Biscaya Dr with 6 bedrooms / 8 bathrooms, 7,675 Sq.Ft. on 15,000 Sq.Ft. lot with 75′ of water frontage ($2,280/Sq.Ft. $2,541/Sq.Ft. $2,326/Sq.Ft.)
  • Lowest priced listing is $1,200,000 for the 3/2 at 9009 Byron Avenue ($737/Sq.Ft.)
  • Pending Sales: 6 (homes with a sales contract that have not yet closed)
  • Closed Sales in November: 0 (compared to 3 closings in November of 2021)
  • Median Sales Price in November: no data due to no closings (compared to $1,050,000 in November of 2021)

What is the average price per square foot in Surfside?

There were no home sales in November in Surfside,  the average sold price per square foot in Surfside in November 2021 for homes not on the water was $651, previous averages as follows:

  • October’s average $930
  • September’s average $810
  • August’s average $752
  • July’s average $741
  • June’s average $841
  • May’s average $745
  • April’s average $920
  • March’s average $977
  • February’s average $699
  • January’s average $574
  • 2021’s average of $502

There were no home sales in November in Surfside,  the average sold price per square foot in Surfside in November 2021 for homes on the water was $2,613/SF (one sale), previous averages as follows:

  • October’s average $2,906 (one sale)
  • September’s average – no sales
  • August’s average – no sales
  • July’s average – no sales
  • June’s average $2,687
  • May’s average $3,639 (one sale)
  • April’s average – no sales
  • March’s average – no sales
  • February’s average $1,981 (one sale)
  • January’s average $967 (only one sale)

Surfside Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Surfside. 

Surfside Real Estate Market report by miamism

  • Market has switched to a buyer’s market with 9 months of inventory
  • Most sold price ranges is between between $1-1.5 Million
  • 60% of all purchases with CASH (no loan contingencies)
  • 81.6% of all buyers bought as primary residence (to occupy the home)

DOWNLOAD SURFSIDE 3D MARKET REPORT

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