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Debra Wellins

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Luxury Properties Category

What are the Odds of Selling Your Home in Pinecrest?

If you're thinking of selling your home in Pinecrest, you're probably wondering what the likelihood of success will be.  There are some interesting trends. I looked at the data from the past six months to see what the odds of selling your home in Pinecrest are.  Clearly, if you are priced under $1 million, and have not overvalued your home, it will sell. The average home is taking about four months to sell in this price range and is selling at 95% sale price to list... Continue Reading >

Plenty of Pinecrest Homes for Sale but Slow to Sell

Debra Wellins There are plenty of single family Pinecrest homes currently on the market, 205 to be exact. The average list price is $2,354,283 or $411/SF.  But, there is a big discrepancy between the offered price and sale price. Since January this year, a total of 77 homes have sold with an average sale price of $1,245,886 or $305/SF. These homes were on the market an average of 141 days. Let's break it down by price range. Lux Market $2 Million and Up There were 12 sales between $2,058,000 -... Continue Reading >

Village of Pinecrest 2016 Annual Market Report

Debra Wellins                                           Jump in and enjoy my Village of Pinecrest 2016 Annual Market Report - the most comprehensive analysis of single-family home sales in Pinecrest. Sales data is divided into quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and west. (See map below). Pinecrest 2016 Annual Market Report Pinecrest home sales in 2016 were quite interesting in comparison to 2015. Total number of sales of single family homes was down 9% (17 fewer homes sold in 2016). ... Continue Reading >

Just Sold – North Coral Gables Home

I just sold a North Coral Gables home, completely remodeled in 1995.  Situated on a gorgeous corner lot in a beautiful section of the Gables, this 1939 Spanish home has three bedrooms and two and a half baths with 2,240 SF of living space and 2,608 total SF. North Gables Home the Perfect Choice This two story home had all the features my buyers wished for, including warmth, great natural light, an updated island kitchen with plenty of storage, a family room overlooking the Chicago brick patio and private backyard, lush mature landscaping, a garage and the perfect space... Continue Reading >

Priced to Sell – Mid Century Modern Pinecrest Home

Looking for a huge family home in Devonwood, in the sweetest corner of southeast Pinecrest?   This mid century modern home is perfect for a growing family who dreams of 5 bedrooms and 5 full baths.  Downstairs, there's a gigantic family room with full wet bar for game day and gorgeous formal living and dining rooms with slate floors to entertain the important folk.  Bedrooms are all upstairs with the master well separated from the kids' rooms down the hallway.  There's good proximity to the... Continue Reading >

Where to Put that OSCAR? Dazzling Homes of the 2016 Nominees

Leonardo DiCaprio's Palm Springs Casa - (more…) Continue Reading >

Harmonious Homes with a Musical History

In honor of the Grammy Awards and Valentine's Day, I'm sharing a few romantic homes once owned by musicians. Percy Lodge, an 18th century English country home, was once owned by Bad Company rock drummer Simon Kirke. Villa Grasse, with stunning views of the Côte d’Azur, was once owned by French composer and harpist Germaine Tailleferre. Blue Velvet was the Sarasota, Florida home of legendary singer Bobby Vinton. This Santa Fe, New Mexico adobe home was once the former residence of the late Glenn Frey. Courtesy... Continue Reading >

Just Listed in Pinecrest – A Devonwood Beauty

My newest listing is a contemporary family home in Devonwood on half an acre that thrills from the moment you walk over a wooden foot bridge through a lush tropical hammock to enter this fabulous abode.  Devonwood, one of the most desirable, safe and private communities in Village of Pinecrest, is known as the Coconut Grove of the Village by virtue of its forest of towering oaks and palms and shimmering landscapes of filtered light. It is patrolled by a state trooper such that residents rarely lock their doors.  For real!  And the schools are top notch. Features This extremely spacious two-story family home has... Continue Reading >

Q3 Hot Markets in the Village of Pinecrest

The luxury market in the Village of Pinecrest continues to thrive in the $1M to $1.4M price range.  Out of 30 single family home sales, almost half the sales were in this pocket.  The balance of sales fell between $1.5M and $2.9M. When comparing high-end sales for the third quarter of 2015 to 2014, the numbers are stable. However, sales under $1M have dropped by 24%.  The biggest change in comparing Q3 sales this year to last is in the $500K to $799K price range - off by 56%. The hot market, at 46% of... Continue Reading >

Pinecrest – 3rd Quarter Sales 2015

Single family home sales are steady and stable in the Village of Pinecrest.  The chart compares the third quarter of this year to third quarter sales in 2014 and there are a few surprises. The average luxury home sale price is up a mere 2% as is sales under a million at 2.5%.  The average sale price per square foot is up 6% in the lux market whereas home sales under a million have seen only a 3% increase. One surprising stat that has come out of Q3 sales is how... Continue Reading >