Surfside Real Estate
A Small Town With A Big Price Tag
Surfside is located between North Beach (Miami Beach) and Bal Harbour. It is one of the most desirable areas for local families due to its high concentration of Single Family Homes. If a house isn't your thing, no worries as the entire coastline of Surfside is lined with luxury condos. Surfside is also unique in that the city has a building moratorium where all buildings must be 12 stories or shorter. So if you are looking to escape high rise after high rise, Surfside is an excellent choice. Virtually every house or condo in the neighborhood is walking distance to the beach and the local stores and restaurants located on Harding Ave. Grab your piece of Surfside Real Estate today!
Surfside Real Estate Market
If you have ever been to Surfside FL, then you might have an interest in how the Surfside real estate Florida market is performing right now. Surfside has been, and will continue to be a very quiet and desirable Florida beach town. Comprising of only about 5,744 residents since the 2010 census, it's no wonder that many families who visit the area are drawn to taking a look at what real estate in Surfside FL has to offer.
Real Estate in Surfside FL: The Numbers
So let's jump into the numbers. As of October 15th, 2018 the Surfside real estate market has 175 total active listings for sale. These are a mix of condos and single family homes of Surfside real estate for sale. These numbers comprise of 44 houses and 131 condos for sale at an average list price of $1,350,143 for single family homes and a whopping $2,727,648 average list price for condos. Now, I know what you are thinking! That is expensive right? Yes, Surfside real estate is expensive, but there is good news!
The Good News
Whats the good news Michael, people ask? The good news is that these numbers are averages based on ALL available Surfside real estate for sale, including very fancy projects like the Four Seasons Hotel at The Surf Club or the new Fendi Chateau where prices for a unit can be upwards of $20,000,000. Now if you are like me, you realize that only a small handful of people in the world can afford properties like this. While wonderful for them, this is not what the everyman (or woman) looking for real estate in Surfside FL can afford!
Surfside Real Estate For Everyone
Living in Surfside does not have to be as expensive for you as it is for the world elites. You can get a Surfside single family home right now, starting as low as $585,000 and a Surfside Condo for sale starting at $305,000. Of course the price just goes up from there depending on the features and size of the Surfside real estate for sale you are looking for. Plus, for everyone looking for Surfside real estate, but cannot quite afford to buy yet or not sure if you want to stay in the area long term, there are Surfside Rentals. One bedrooms in Surfside are starting at around $1,700-1,800 per month and around $2,400. Rental real estate in Surfside Florida is arguably more affordable than owning and the pricing is really on par and very reasonable for South Florida and all of what Surfside has to offer.
Surfside Real Estate in FL Trends
Right now, the absorption rate for the Surfside real estate market is at about 18 months of supply. It is said that a healthy supply of real estate or a balanced market would have about 6 months of supply. Since there is currently 3 times the available supply of Surfside real estate, v.s. the average monthly sales taking place, (about 9.6) over the past 6 months, this implies a current buyers market for Surfside Miami real estate.
Surfside Real Estate Investing
Is Surfside real estate worth investing in? Well, that all depends on who you ask. Investing can be tricky business. When you invest in Surfside real estate, you want to look at aspects of the property such as cash flow, future appreciation, whats happening in the neighborhood, etc. For those of you who are unfamiliar with investing in real estate, I highly recommend reading the book Rich Dad Poor Dad. This book is excellent for beginners, and truly ANYONE looking to invest in Surfside real estate, or any real estate for that matter! It will teach you the basics of money, how the rich get richer and how owning Surfside real estate can create wealth in the long term for you and your family.
Surfside Real Estate Florida Questions
Still have more questions about Surfside real estate for sale or maybe just want to know more about what is happening in the local market? No problem! Send me a message below and I will be happy to answer your questions regarding Surfside Real Estate!
About Michael Bordenaro
Michael entered the Miami Beach Real Estate market at the beginning of 2009 and the U.S. financial crash. He has persevered since then creating a niche market, specializing exclusively in residential sales and Leasing the Miami Beach neighborhood. Michael lives in the North Beach neighborhood of Miami Beach and has helped countless new residents relocate the the area. His professional ethics have been noted by many satisfied clients. Call Michael today to discuss your real estate needs!
"Michael was very professional and attentive throughout the entire process." -Michael Davis- Seller
"Michael Bordenaro stands out from the bustling crowd of real estate brokers." -Michael and Joanne Amend- Seller and Buyer