Miamism Blog

You are here

Miami Shores Real Estate Market Report for June 2014

Ines Hegedus-Garcia
ines@miamism.com

Miami Shores Homes – Real Estate Market Report

Miami Shores Real Estate Market Reports by Miamism.com

There are currently 86 Miami Shores homes for sale: (1 more than last month)

  • Highest priced listing is $4,250,000 (9275 N Bayshore Dr) – Bayview House - Bay front property just listed
  • Lowest priced listing is $249,900 (272 NW 111 Te) – Foreclosure
  • Pending Sales (Properties under contract): 48 (4 more than last month)
  • Closed sales in June:  14 (2 less than last month)

The 14 Miami Shores homes sold in June were the following:

  • 10166 NE 12 Av - originally listed for $979,000 in February and selling for $901,130 ($320/SF)
  • 1259 NE 97 St - originally listed for $699,000 with a price reduction, and selling for $600,000 ($249/SF)
  • 35 NE 92 St - originally listed for $637,000 with several price reductions and selling for $599,500 ($278/SF)
  • 1550 NE 104 St - listed for $599,000 and selling for $591,500 ($286/SF)
  • 39 NW 100 St - listed for $595,000 and selling for $560,000 ($233/SF)
  • 1022 NE 91 Te - originally listed for $560,000 with several purchase contracts before selling for $555,000 ($222/SF)
  • 429 NE 101 St - originally listed for $615,000 with several price reductions and selling for $521,600 ($198/SF)
  • 9929 NE 4th Ave Road - listed for $550,000 and selling for $535,000 ($229/SF)
  • 800 NE 97 St - listed for $535,000 and selling for $475,000 ($235/SF)
  • 1060 NE 104 St - originally listed for $629,000 in November of 2013, with several price reductions and selling for $455,000 ($183/SF)
  • 141 NW 96 St - listed for $495,000 and selling for $470,000 ($236/SF)
  • 10301 N Miami Av - listed for $339,000 and selling for $335,000 ($201/SF)
  • 10239 NE 12 Av - short sale originally listed for $380,000, reduced to $330,000 and selling for $428,000 ($203/SF)
  • 114 NE 103 St - listed for $245,000 in February of 2014, increased to $275,000 in March and sold for $265,000 ($158/SF)

The average sales price per square foot for Miami Shores homes in June was $231 compared to:

  • May $226
  • April $222
  • March $248
  • February $190
  • 2013 annual average $215

Miami Shores real estate inventory remains steady and many will agree is low, with "move in" homes selling in 2 months or less.  The price increase is slow and conservative which makes residents feel good about the staying power of our market and not a "bubble" as many of the condo economists predict.  Buyers are coming from markets that show a lot of fluctuation and we are seeing the sweet spot at around 1/2 a million dollars.  This means that if your home is valued at around $500,000, it is the inventory that is moving the quickest.

Notice how price varies depending on location and condition of home.  We would be glad to visit your home for a no obligation market analysis of your property, or you can visit these links for the following:

CHECK YOUR CURRENT HOME VALUE

GET A FREE SELLER GUIDE

NAME YOUR SELLING PRICE

If you are interested in getting a list of all properties currently for sale in Miami Shores, we will be happy to send you a digital copy at your request.  We can also send you monthly market reports directly to your inbox. Feel free to email us at MiamiShores@miamism.com


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

Billionaire.com 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.