Miamism Blog

You are here

Miami Shores Real Estate Market Report for 2011

Ines Hegedus-Garcia

Last year we pointed out that Miami Shores was one of the recuperating real estate markets in South Florida.  This year the evidence shows even better news, Miami Shores is not just recuperating, but already in an upward bound direction.  Mass media may paint a grim picture, but there are many desirable neighborhoods in Miami that are beyond recuperating and seeing price increases. Average price per square foot has increased from $153 in 2009, $159 in 2010, to $166 in 2011.

The best improvement evidenced in Miami Shores in 2011 was the luxury homes market with 6 sales above $1 Million, compared to one in 2010 and none in 2009.  Miami Shores home owners wanting to sell their luxury or waterfront properties can now rest assured that they will not just sit unsold for 2 years like seen in the past.

Here are the general figures for the Miami  Shores real estate market in 2011 (click HERE to see 2010 figures):

  • There were 154 Miami Shores homes sold in 2011.  The median listing price was $334,000 and the median sale price was $310,000.
  • The highest sale in Miami Shores in 2011 was $1,700,000 for the short sale at 9215 N. Bayshore Drive - which is a totally remodeled contemporary bay-front home.  This home was originally listed in 2006 for $4.6 Million with several reductions and finally sold as a short sale to some lucky buyer.
  • The lowest sale in Miami Shores in 2011 was $45,000 for a foreclosure at 180 NW 103rd St.  Description of home read:  "Code violations may or may not exist: buyer to assume all code violations if they exist".
  • In 2009, 60% of the properties sold were under $200,000 – In 2010, only 28% of the properties sold were under $200,000. And  in 2011, 16% of the properties sold were under $200,000.  In 2010, 18% of the properties sold were above $500,000 compared to 20% in 2011.  This is proof, yet again, of the decreasing distressed inventory and normalizing housing market.
  • 32 out of the 154 Miami Shores homes sold in 2011 (21%), sold above $200/sq.ft. with the highest sale for a dry-lot home (non-waterfront) at $265/sq.ft.

To see all Miami Shores homes sold in 2011, click image:




*Data obtained from SEF MLS*


Darren Chaker 11th January, 2012

Miami Shores is a great place to live and the market continues to be a great find a good size home within steps to the beach. Good article showing the continuning value of the market here.

Recent Posts

Keystone Point Real Estate Market Report There are currently 51 Keystone Point homes for sale: (compared to 55 in February) Highest priced listing: $6,300,000 (for the new construction with 240' of water frontage at 12395... more

No better time to continue our significant Miami architecture series than with a Miami Landmark designed by I.M. Pei to celebrate his 100th birthday!   The Miami Tower The Miami Tower, originally known as The Centrust Tower... more claims that Miami has evolved from a sunny vacation spot into a global destination for billionaires from all over the world and we certainly agree and have cited numbers of reasons for this phenomenon. The... more

The Miamism Sales Team wishes you and your family a very happy Easter!!  For Some Easter fun and celebrations around Miami, please check out: Jungle Island Mega Egga Hunt! April 14-16, 2017 from 10:30 AM - 4 PM Egg Safari... more

What is the Value of my Home?

Obtain a free personalized home pricing report.