Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the gutentor domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/campoelona/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the instagram-feed domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/campoelona/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the cosmoswp domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/campoelona/public_html/wp-includes/functions.php on line 6121

Notice: Constant WP_MEMORY_LIMIT already defined in /home/campoelona/public_html/wp-config.php on line 103
Surfside Real Estate Market Report - February 2020 - Miamism
surfside-real-estate-market-report-february-2020

Surfside Real Estate Market Report – February 2020

How is the Surfside Real Estate Market Doing?

There are currently 56 Surfside homes for sale (compared to 54 last month):

  • Highest priced listing:  $6,295,000 $5,995,000 for the contemporary, bay-front home designed by Max Strang with 5 bedrooms / 6.5 bathrooms, 4,900 SF on 10,000 SF lot with 50′ of water frontage, located at 1276 Biscaya Dr.

  • Lowest priced listing: $550,000 Home being sold for lot value at 9712 Byron Avenue (2 adjacent lots also for sale)

  • Pending Sales: 6 (homes with a sales contract that have not yet closed)

  • Closed Sales in February: 1

  • Median Sales Price in February: $910,000

The Surfside home sold in February was located at 8909 S Irving Ave.  Home was located on an oversized, triangular corner lot and completely remodeled in 2009.  Offered 3 bedrooms / 2 bathrooms / 2 half-baths, 2,371 SF on 7,385 SF lot. (382/SF)

The average price per square foot in February for Surfside homes not on the water was $382 (one sale) compared to previous averages:

There were no waterfront sales in the month of February in Surfside, compared to previous months:

  • January’s average $782 (one sale)

Did you know that almost 60% of all real estate transactions in Surfside are cash deals without financing? 54% of all owners are investors which reflects the cash purchases, compared to 47% occupying their homes as primary residences.  That’s a surprisingly high number based on the area being perceived as a family location because of good schools and great community events. 

Surfside is still a buyer’s inventory with 21 months of inventory.  At the current rate of sales, it would take 21 months to sell all the homes listed for sale.  Take a look at what countries buyers come from, which is key when marketing a home for sale and the difference in price per square foot between 2, 3 and 4 bedroom homes.

To get a copy of our in-depth 3D-analyzer report for Surfside, please CLICK HERE!

It’s all about Data and the right analysis to understand how the market is behaving.  Contact us for a no-obligation consultation.