Ines Hegedus-Garcia
Surfside, FL
Single-Family Homes
Miamism Sales Team
Surfside, FL
Sat Nov 27 2021
This week the median list price for Surfside, FL is $1,794,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,794,000 | |
| Median Price of New Listings | $1,598,000 | |
| Per Square Foot | $717 | |
| Average Days on Market | 193 | |
| Median Days on Market | 70 | |
| Price Decreased | 14% | |
| Price Increased | 14% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | $6,250 | |
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $10,750,000 | 6,072 | 0.25 - 0.5 acre | 6 | 7 | 64 | 2 | 0 | 91 |
| $3,350,000 | 4,498 | 8,000 - 10,000 sqft | 6 | 5 | 80 | 0 | 0 | 84 |
| $1,561,500 | 2,850 | 4,500 - 6,500 sqft | 5 | 3 | 78 | 2 | 0 | 35 |
| $949,950 | 2,240 | 4,500 - 6,500 sqft | 3 | 2.5 | 70 | 1 | 0 | 185 |