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Surfside Real Estate Trends Report: Comprehensive February 2024 Analysis

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How is the Surfside Real Estate Market Doing?

There are currently 27 Surfside homes for sale, compared to 33 in February of 2023:

  • Highest priced listing is $21,750,000 for the new construction at 9208 Bay Dr with 8 bedrooms / 9.5 bathrooms, 9,008 Sq.Ft, on a 15,029 Sq.Ft. lot with 60′ of water frontage ($2,415/Sq.Ft.)
  • Lowest priced listing is $1,425,000 for the 3/2 at 8875 Abbott Ave ($1,134/Sq.Ft.)
  • Pending Sales: 2(homes with a sales contract that have not yet closed)
  • Closed Sales in February 2024: 3 (compared to 1 in February 2023)
  • Median Sales Price in February: $1,355,000 (compared to $7.9 Million in February of last year)

What is the average price per square foot in Surfside?

The average price per square foot for Surfside homes sold in February NOT on the water was $811, compared to $699 in February of 2023. Previous averages as follows:

There was one waterfront home sold in Surfside in February and sold for $1,823/Sq.Ft., compared to one waterfront home sale in February of 2023, selling at $3,546/Sq.Ft. Previous averages as follows:

  • January’s average $1,348 (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 Florida Benchmark
  • Buyer’s market with 9 months of inventory
  • Price range that moves is between $1-1.5 Million and most of the inventory is above $2 Million
  • 67.6% of transactions are CASH
  • 80.6% of all buyers bought as primary residence (to occupy the home)
  • Buyers are not just domestic, but also from Venezuela.
  • Seller contributions make up 11.1% of all sales (averaging $36,000)

DOWNLOAD SURFSIDE 3D MARKET REPORT

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.

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