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 […]
February 24, 2013

Update on Pinecrest Homes for Sale

Market reports say there is little inventory to sell these days. Well, its true.  Pinecrest  has 128 homes currently on the market. They range in price from a 3 bedroom, 2 bath, short sale in SW Pinecrest for $395,000.00 on a 3/4 acre lot to an 8 bedroom 9 bath new Italianate estate on over […]
February 23, 2013

Pinecrest Market Analysis 2012 – The Year in Review

The Village of Pinecrest had a very good year with 223 homes sold for  just under $217,000,000.00 in total sales.  Sales ranged from $220,000.00 to $4,500,000.00 with an average sale price of $972,821.00 and an average square foot (SF) price of $232.00. In the chart below, Pinecrest is divided into approximate quadrants to evaluate the statistical differences within […]
February 22, 2013

Pinecrest Garden Fund’s 7th Annual Soiree

Picture This… You wind your way up the candle lit pathways, through the lush tropical garden, until you come upon the breathtaking terrace of Pinecrest Gardens.  Cocktails and hors d’oeuvres await you in the glow of moonlight, under the stars.   Oh yeah! Every February, the residents of Pinecrest and its surrounding communities look forward to the […]
February 17, 2013

Bidding Wars in Coconut Grove, Coral Gables and Pinecrest

Overbidding the Appraised Value The highest offers on a property, if contingent on an appraisal, are not necessarily the best.  We are seeing some overbidding on properties that allow the buyer to clinch the deal, only to manipulate the sale to a lower price with the appraisal. Sellers have options when receiving multiple offers. Countering with an […]
February 15, 2013

Miami Palmetto Senior High School is an “A” School

Pinecrest’s High School Earns “A” Grade Miami Palmetto Sr. High School in Pinecrest is once again an A school.  Palmetto, who has earned this distinction for eight out of the last 12 years, will be eligible for school recognition funds which reward schools that have sustained high student performance or have shown substantial student performance improvement. I […]
February 15, 2013

Pinecrest Farmers Market is a Sunday Morning Must

From fruits and vegies to pastries and granola, the Pinecrest Farmers Market is fresh and bountiful, and a great place for a stop and chat with neighbors.   Mayor Lerner was checking out books and I was sampling devine crunchy pickles – at 10:00 in the morning. Many vendors are regulars but some vary from week to week, keeping […]
December 28, 2012

Opportunity Knocks – Home Prices May Jump in 2013

Home Prices On The Rise For 2013 In Miami Home prices are expected to rise between 3.4 and 5 % in 2013. This is due, in part, to the net demand of homes in a market where the inventory of homes for sale remains low. Without the fear of further pricing declines, homeowners able to […]