Ines Hegedus-Garcia
Surfside, FL
Single-Family Homes
Miamism Sales Team
Surfside, FL
Fri Dec 13 2019
This week the median list price for Surfside, FL is $825,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 49.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $825,000 | |
| Per Square Foot | $455 | |
| Days on Market | 229 | |
| Price Decreased | 35% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 49 | |
| Median Rent | ||
| Most Expensive | $21,900,000 | |
| Least Expensive | $550,000 | |
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,275,000 | 3,160 | 8,000 - 10,000 sqft | 4 | 3 | 64 | 0 | 0 | 216 |
| $914,500 | 1,973 | 4,500 - 6,500 sqft | 3 | 3 | 69 | 2 | 1 | 270 |
| $778,500 | 1,830 | 4,500 - 6,500 sqft | 3 | 3 | 71 | 1 | 0 | 87 |
| $679,000 | 1,543 | 4,500 - 6,500 sqft | 3 | 2 | 78 | 1 | 3 | 334 |