Surfside Real Estate Trends Report: Comprehensive May 2024 Analysis

How is the Surfside Real Estate Market Doing?

There are currently 36 Surfside homes for sale, compared to 30 in May of 2023:

• Highest priced listing is $21,750,000 $19,900,000 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. $2,209/Sq.Ft.)
• Lowest priced listing is $1,450,000 for a 2 bedroom / 2 bathroom home, with 1 bedroom / 1 bathroom guest house, located at 8836 Harding Ave, with 1,706 Sq.Ft. ($850/Sq.Ft.)
• Pending Sales: 3 (homes with a sales contract that have not yet closed)
• Closed Sales in May 2024: 6 (compared to 3 in May of 2023)
• Median Sales Price in May: $1,700,000 (compared to $1,695,000 Million in May of last year)

What is the average price per square foot in Surfside?

The average price per square foot for Surfside homes sold in May NOT on the water was $766, compared to $825 in May of 2023. Previous averages as follows:

• April’s average $977
• March’s average $728
• February’s average $811
• January’s average $1,044
• 2023’s average of $829
• 2022’s average of $817

There was one Surfside waterfront home sold in May for $1,806/Sq.Ft., compared to no waterfront sales in May of 2023. Previous averages as follows:

• April’s average – no waterfront sales
• March’s average $2,735 (one sale)
• 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. 

 

• Seller’s market with 5 months of inventory
• Price range that moves is between $1-1.5 Million and most of the inventory is above $2 Million
• 78.4% of transactions are CASH
• 82.1% of all buyers bought as primary residence (to occupy the home)
• Seller contributions make up 10.3% of all sales (averaging $36,000)

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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.