Surfside Real Estate Trends: May 2023 Market Analysis and Insights

We prepare a Surfside Real Estate market report on a monthly basis and publish it on the second week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe at any time.

How is the Surfside Real Estate Market Doing?

There are currently  30 Surfside homes for sale, compared to 20 in May of 2022:

  • Highest priced listing is $28 Million for the “under construction” home at 9250 Bay Drive with an anticipated completion date of Q2 2025, designed by Kobi Karp with 8 bedrooms / 8 bathrooms / 2 half baths, 10,016 Sq. Ft, 2,359 Sq. Ft. lot and 107′ of water frontage ($2,796/Sq.Ft.)
  • Lowest priced listing is $1,295,000 for the 3/2.5 at 9116 Abbott Ave ($859/Sq.Ft.)
  • Pending Sales: 7 (homes with a sales contract that have not yet closed)
  • Closed Sales in May: 3 (same as May 2022)
  • Median Sales Price in May: $1.695 Million  (compared to $1.5 Million in May of 2022)

What is the average price per square foot in Surfside?

The average price per square foot for Surfside homes sold in April NOT on the water was $825, compared to  $745 in May of 2022. Previous averages are as follows:

There were no waterfront home sales in May in Surfside, compared to one sale in May of 2022 selling at $3,639 per square foot. Previous averages as follows:

  • April’s average $3,210 (one sale)
  • March’s average $1,997 (one sale)
  • February’s average $3,546 (one sale)
  • January’s average  – no waterfront sales

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 stats by

  • Buyer’s market with 10 months of inventory
  • Price range that moves is between $1-1.5 Million and above $2 Million
  • 50% of all purchases with CASH (no loan contingencies)
  • 86.1% of all buyers bought as primary residence (to occupy the home)
  • Buyers are not just domestic, but also from Canada and France.


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