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Miami Shores Real Estate - monthly market report - September 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Miami Shores Real Estate Market Doing?

There are currently 24 homes for sale: (compared to 28 in August)

  • Highest priced listing $8.5 Million for the 5/4.5 bay front home at 9999 NE 13th Avenue with 83' of open bay water frontage ($2,163/SF)
  • Lowest priced listing is $520,000 for the 3/2 at 10555 NE 2nd Ave ($239/SF)
  • Pending Sales (Properties under contract): 42
  • Median Sales Price in September: $1,495,100
  • Closed sales in September: 15 (compared to 19 in August)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Miami Shores last month?

For a list of all Miami Shores homes sold in September please email us at MiamiShores@miamism.com

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What is the average price per square foot in Miami Shores?

The average sold price per square foot in Miami Shores in September for homes not on the water was $510 compared to:

  • August's average $541
  • July's average $449
  • June's average $455
  • May's average $402
  • April's average $435
  • March's average $421
  • February's average $368
  • January's average $332
  • 2020's average of $338

There average sold price per square foot for Miami Shores Waterfront Homes in September was $881, compared to previous months:

  • August's average - no sales
  • July's average $1,453 (1 sale)
  • June's average - no sales
  • May's average - no sales
  • April's average - $593 (1 sale)
  • March's average - $321 (1 sale)
  • February's average - $550 (1 sale - fixed bridge)
  • January's average - no waterfront sales

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top 3 Sales in Miami Shores in September (by square footage)

  • Bay front home previously owned by Archdiocese of Miami and exchanged a few owners since. Located at 1300 NE 94th St, this home has 5,740 SF of living space, 6 bedrooms / 7.5 bathrooms and sits on a 17,487 SF lot with 129' of open bay water frontage.  It was listed in July for $5,750,000 and sold for $5,475,000 ($954/SF) **cash transaction
  • East of Biscayne beauty on double busy intersection at 1001 NE 96th St (corner of NE 96th St and 10th Avenue).  This home has 3,490 SF of living space, built in 1942 and remodeled a few times. It has 5 bedrooms / 4 bathrooms, a 12,500 SF lot.  This home sold for $1.86 Million in 2019, was relisted in May of 2021 for $3 Million and sold at full price ($860/SF)
  • East of the Boulevard 50's home at 1148 NE 105th St with 2 bedrooms / 2 bathrooms, 1,608 SF on a 14,647 SF lot. Listed for $1.5 Million in June and selling for $1.3 Million ($808/SF)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Miami Shores Opinion

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Some key points you should know:

  • 1 month of inventory and continues to be an aggressive SELLER's MARKET
  • Average Sales Price has increased to $856,000 (continues to increase)
  • Average Discount is 7%
  • Sweet spot in sales are homes priced between $600,000 and $1.5 Million
  • 28.2% of all deals are CASH
  • 76.1% of buyers are primary residents
  • Buyers are not just local and from other US cities, but also from Argentina, Italy, Colombia and France.

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Market Reports for The Tri-villages

        


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