Miamism Blog

You are here

Surfside Real Estate Market Report for 2019

Ines Hegedus-Garcia
ines@miamism.com

Talk about a bumpy ride for Surfside but we are happy to report that the market seems to be back on track.  It's common to see neighborhoods with fast appreciation to come to a complete halt and even regress a bit to past years.  2019 proves that Surfside is back on track but keep in mind that appreciation will be very conservative.  

The highest sale right now is for a Max Strang designed, bay front home at 1276 Biscaya Drive, listed for $6,295,000.  This home was listed in December and is definitely a one-of-a-kind property. 

The lowest listing is for the property at 8712 Byron Ave, being sold since October 2018 as a "development opportunity" with 2 adjacent lots also available, for $550,000.

Out of the 48 homes in Surfside sold in 2019, only 7 were waterfront, and those selling at an average square foot of $690 and ranging between $449/SF and $856/SF.

Let's start by taking a look at price per square foot changes for non-waterfront homes in Surfside.

Download our latest 3-D Market Analyzer HERE.

Surfside Homes - Price per Square Foot

Here is a list with average price per square foot in the past years for Surfside homes not on the water:

Year Price per SF
2019 $386/SF
2018 $360/SF
2017 $382/SF
2016 $377/SF
2015 $350/SF
2014 $324/SF
2013 $270/SF
2012 $233/SF
2011 $193/SF

Surfside is now back on track - after seeing massive increases, 2018 proved to be a challenging year and now expect appreciation to remain at a conservative pace. It is still a buyer's market with 12 months of inventory - this means that at the current pace of sales, it would take 12 months for current inventory to sell.

What is interesting to note, at a micro level, from Surfside's sold data in 2019, is that 3 bedroom homes sold for a higher price per square foot ($393/SF average), than 4 bedroom homes ($346/average).  2-bedroom homes had an average discount of 11% in Surfside and most sales happened between $500,000 and $700,000.  That's what we call Surfside's "sweet spot".

We offer market reports on a monthly basis for you to stay on top of the pulse of the market.  These reports help you identify the best time to buy or sell. Download our latest 3-D Market Analyzer HERE.

Surfside Real Estate Market Report for 2019

The general figures for Surfside homes in 2019 are the following:  (click HERE to see 2018 figures)

  • There were 48 Surfside homes sold in 2019.  The median sales price was $745,000.
  • The highest sale in Surfside in 2019 was for the waterfront home at 9056 824 88th Street.  This home was originally listed for $4,425,000 in August of 2018 and sold for $3.9 Million in January of 2019.
  • The highest non-waterfront home sale in Surfside in 2019 was for the completely renovated home at 9540 Byron Ave with 5 bedrooms / 4.5 bathrooms, 3,019 SF of living space and 9,677 SF lot.
  • The lowest Surfside home sold in 2019 was located at 8838 Harding Avenue with rentable in-law quarters. This home was originally listed for $599,000, reduced several times and sold at $500,000 in October of 2019.
  • The highest average price per square foot in Surfside for a non-waterfront home was $617, for the beautifully remodeled home at 8810 Froude Ave with 3 bedrooms / 2.5 bathrooms, 1,693 SF of living area on 5,600 SF lot. This home was listed for $1,195,000 in December of 2018 and sold for $1,045,000 in May of 2019.
  • There was only 1 sale under $500,000 in 2019.

Download our latest 3-D Market Analyzer HERE.

List of Surfside Homes Sold in 2019

To get a list of all Surfside homes sold in 2019, please contact us.

Download our latest 3-D Market Analyzer HERE.


Recent Posts

Moving to a NEW normal is allowing Miami-Dade county to reopen businesses, parks, beaches and recreation with new safety rules. Mayor Carlos A. Gimenez’s Initial Reopening Plan identifies non-essential businesses allowed to... more

  • May 27, 2020

If you are thinking of selling or are in the process of selling your Miami Home, here are 3 DON'TS you need to pay attention to.  Remember that buyers are coming in strong after waiting for The NEW NORMAL.  It's crucial for... more

How is The Belle Meade Real Estate Market Doing? There are currently 19 single-family homes for sale: (compared to 15 in March) Highest priced listing is $7,850,000 $7,495,000 for the bay front, new construction home at... more

Thank you Heroes! Today is a day to remember what others have done for you, for us.   #MemorialDay more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.