Surfside Real Estate Trends Report: Comprehensive March 2024 Analysis
How is the Surfside Real Estate Market Doing?
There are currently 27 Surfside homes for sale, compared to 31 in March 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 $1,545,000 for the 3 bedroom / 3 bathroom home at 9508 Abbott Ave, with 1,653 Sq.Ft. on 5,600 Sq.Ft. lot ($935/Sq.Ft)
- Pending Sales: 5(homes with a sales contract that have not yet closed)
- Closed Sales in March 2024: 3 (compared to 2 in March 2023)
- Median Sales Price in March: $1,400,000 (compared to $16.5 Million in March of last year)
What is the average price per square foot in Surfside?
The average price per square foot for Surfside homes sold in March NOT on the water was $728, compared to $965 of 2023 (only one sale). Previous averages as follows:
- February’s average $811
- January’s average $1,044
- 2023’s average of $829
- 2022’s average of $817
There was one waterfront home sold in Surfside in March and sold for $2,735/Sq.Ft., compared to one waterfront home sale in March of 2023, selling at $1,997/Sq.Ft. Previous averages as follows:
- February’s average $1,823 (one sale)
- 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.
- Buyer’s market with 10 months of inventory
- Price range that moves is between $1-1.5 Million and most of the inventory is above $2 Million
- 74.2% of transactions are CASH
- 78.8% of all buyers bought as primary residence (to occupy the home)
- Buyers are not just domestic, but also from Venezuela.
- Seller contributions make up 12.1% of all sales (averaging $36,000)
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