April 19, 2013

Hard to Find a House in Pinecrest’s Devonwood

Devonwood is a picturesque tree-lined and walled community in Pinecrest with approximately 77 homes located off 67th Avenue between 131st Street and 136th Street. The homes range from 4 – 8 bedrooms with 2,200 – 7,300 square feet (sf) of living area on sizable lots from a half acre to just under an acre.  Homes for sale in Devonwood generally cost from $600,000 to over $1.5 million. […]
April 15, 2013

Pinecrest Gardens Hosting Carbon Nation

I’m looking forward to seeing the global warming documentary Carbon Nation at Pinecrest Gardens Thursday night.  The film explores recent advances in clean energy and “green” technologies and is followed by what should be an interesting discussion session. The panelists include Mayor Cindy Lerner, Village of Pinecrest, Mayor Carlos Gimenez, Miami-Dade County, the Honorable Harvey Ruvin, Clerk of the Courts, Patricia […]
April 13, 2013

Distressed Sales Single Family Homes – Southeast Miami-Dade County – First Quarter

I read an article today in Florida Realtors who reported that the greater Miami area posted the highest foreclosure activity of any large city in the U.S. for the first quarter, with one in every 79 residences receiving some type of foreclosure filing.  This prompted me to analyze the distressed sale activity of single family homes in the South […]
April 6, 2013

Comparison of Sale Price Per Square Foot in Pinecrest Quadrants

Last year I reported that NE Pinecrest had the highest average single family home sale price per square foot than the other areas of Pinecrest.  The first quarter of this year continues the trend.  In looking at the median sales price of single family homes per square foot, NE Pinecrest comes in at $320.00, NW Pinecrest at $278, SE Pinecrest at $256.00 and SW […]
March 28, 2013

Devonwood Contemporary Home Sold

A Pinecrest tri-level contemporary home just closed in Devonwood for $1,200,000.  Comtemporary architecture is red hot right now and this 5 bedroom, 4.5 bath, 1974 total renovation is no exception.  It sold in just under two months for 97% of list price at $269/sq ft. Want to learn the difference between Modern and Contemporary architecture? Check out my blog here. I am […]
March 25, 2013

Price Distribution of Pinecrest Homes for Sale

    In Pinecrest, 91 homes over $1,000,000 are currently for sale.  Forty four homes are for sale between $500,000 and $1,000,000 and only four homes are under $500,000.  Most homes in this community are on large parcels of land, often 3/4 acre and up, adding significant value to these properties. Click here to see the complete market analysis […]
March 15, 2013

Average Price a of Home in The Village of Pinecrest

Pinecrest Real Estate is More Expensive… I was just looking at the numbers for home sales from January to March 15th of this year and am astounded at how much the average price of a home has jumped in 2013.  The average sale price has increased from $746,636.00 to $1,229,740.00, a whopping $484,104.00 difference.   There have been 25 homes that […]
March 11, 2013

The Only Way to Buy a Condo in Pinecrest

WITH CASH.  Condos under $250,000 are being bought by local and foreign investors for cash.   No cash – no deal.  If you add a finance contingency, you can just about forget it.  Sellers are receiving multiple offers and can pick and choose from the highest and best offer – for cash. In fact, sellers are receiving […]
March 3, 2013

Reduced Price Listings in Pinecrest

There are currently 117 homes  for sale in Pinecrest.  Half of these home have been on the market for over three months.  Fifteen houses have been listed for over six months and ten have been for sale for over a year.  Most of the houses that have been on the market for over three months […]