Surfside Real Estate Trends: October 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 31 Surfside homes for sale, same as October 2022:
- Highest priced listing is $25 Million for the 7 bedroom / 9.5 bathroom new construction home at 9208 Bay Dr., with 8,960 Sq.Ft. of living space, on 15,029 Sq.Ft. lot with 60′ of water frontage ($2,790/Sq.Ft.)
- Lowest priced listing is
$1,350,000$1,299,000 for the 3/2.5 home at 9116 Abbott Ave ($896/Sq.Ft.) - Pending Sales: 5 (homes with a sales contract that have not yet closed)
- Closed Sales in October: 3 (compared to 4 in October of 2022)
- Median Sales Price in October: $1.7 Million (compared to $1.690 Million in October of 2022)
What is the average price per square foot in Surfside?
The average price per square foot for Surfside homes sold in October NOT on the water was $855, compared to $930 in October of 2022. Previous averages are as follows:
- September’s average $767 (one sale)
- August’s average $732
- July’s average $913
- June’s average $827
- May’s average $825
- April’s average $809
- March’s average $965
- February’s average – no sales
- January’s average $835
- 2022’s average of $817
There were no waterfront home sales in October this year, compared to one sale in October of 2022 selling at $2,906/Sq.Ft. Previous averages as follows:
- September’s average – no waterfront sales
- August’s average – no waterfront sales
- July’s average – no waterfront sales
- June’s average – no waterfront sales
- May’s average – no waterfront sales
- 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.
- Buyer’s market with 12 months of inventory
- Price range that moves is between $1-1.5 Million
- 85.3% of all buyers bought as primary residence (to occupy the home)
- Buyers are not just domestic, but also from Canada and Venezuela.
- Seller contributions make up 17.6% of all sales (averaging $26,000)