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Debra Wellins

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Pinecrest Real Estate – Market Recap of Land Sales in 2016

The Village of Pinecrest land sales were relatively stable in 2016. Although it took longer to move Pinecrest real estate last year, prices were up. Market Recap of Land Sales A total of 14 properties sold last year in Pinecrest, most between 3/4 of an acre and 1.25 acres, averaging $1,031, 921 per sale or $26 a square foot (SF). Compared to last year, the total number of parcels sold was down by 13% but the average sale price was up 7% and price per SF by 12%. In Northeast Pinecrest,... Continue Reading >

Village of Pinecrest Land Sales – 2015 Market Report

What’s Happening with Undeveloped Land In Pinecrest? Last year, 16 parcels of undeveloped land sold in the Village of Pinecrest. An additional 8 lots with tear-down houses sold for land value only.  (These statistics are included in my 2015 single-family home sales report.) Seven sales were west of 77th Av with an average sale price per square foot of $17. Nine sales were east of 69th Av with an average sale price per square foot of $28. Undeveloped land was on the market an average... Continue Reading >

Village of Pinecrest Acre Sales

Debra Wellins In the Village of Pinecrest, 13 acre parcels of land this year have transferred ownership.  Five lots were exclusively land sales and eight were homes on acres that sold for land value. Here's the break down. Land Sales: Total 5 When looking at land values, the actual sale price is less significant than the sale price per square foot ($/SF) because parcels very in total square footage. In this study, the land varied from 38,000 to 56,000 square feet or 3/4 to 1.5 acres.  (1 acre = 43,560 SF).  The land that sold for... Continue Reading >

Pinecrest Acre for Sale

I've got the inside track on a NE Pinecrest acre that is not yet listed for sale but available for $1.2 million.  This is a fantastic opportunity to buy this property while it's off-market. It's deep interior acre -  great for privacy - shaded by lovely oaks and palms on a quiet street with little traffic.  The lot is .93 acres or 40,712 square feet (SF). Although the property is being sold for land value, there is a comfortable 4 bedroom, 3 bath family home, with 2,312 SF of living space, including a renovated kitchen... Continue Reading >

Village of Pinecrest Land Sales – 2014 Market Report

The Village of Pinecrest has very few undeveloped parcels of land remaining.  Last year, 17 lots were purchased, 6 of which were undeveloped and 11 with tear-down houses that sold for land value only. Developers are chomping at the bit for beautiful parcels of land in prime locations in The Village. The chart below has all the data for 2014 Pinecrest land sales generated from the MLS.  This is a most time-consuming analysis as most of the acres sold are not necessarily listed under land sales but under... Continue Reading >