September 9, 2015

Are you an UHNW Individual?

Who are they and do they want? For starters, these uber rich folks have at least $30 million in assets. They are ultra-high net worth indivuduals (UHNW) who buy the finest wines, watches, cars, yachts, jewelry and real esatate. In seeking safe investment diversification, they purchase second homes in foreign countries to gain citizenship or residency status. Acccording to a recent study, there are […]
August 30, 2015

Village of Pinecrest Acre Sales

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 […]
August 15, 2015

New Modern Estate Fetched Top Dollar in Pinecrest

June single family home sales in The Village of Pinecrest ranged from $5,100,000 for a new modern home with 9 bedroom, 9.5 bath and 10,000 square feet of living space to $433,650 for a 3 bedroom, 2 bath home built in 1957. The top sale price per square foot was $505 and the lowest $212.  The average June sale in Pinecrest was $1,441,825 or $311 […]
July 31, 2015

Pinecrest Home Sales – Second Quarter Hot Markets

Luxury Market: Sales Over $1 Million In the luxury market, with 13 sales over $1 million, the hot market continued to be between $1 – 1.4 million.  Eleven of the 13 homes that sold in the second quarter were between $1.1 and $1.3 million. This year only two homes sold at the top end between $ […]
July 29, 2015

Pinecrest Single Family Home Sales – Q2 Market Update

Single-family luxury home sales in the Village of Pinecrest show stability when comparing 21015 and 2014 second quarter sales.  In the under $1 million market, prices have increased.  Take a look at the chart for comparisons. Luxury Market:  Sales Over $1 Million The luxury market had three fewer sales this quarter over the same period last year.  The average sale […]
April 27, 2015

Upward Trend for Miami Real Estate

The momentum is palpable.  The Miami real estate market is steaming up with international and domestic buyers looking to live in a global city with world-class amentities. Here’s a brief market update on single-family homes and condominiums year over year in March, 2015. Miami sales are up 10%. Miami single family homes and condos continue to sell […]
April 7, 2015

Village of Pinecrest – Sales Down in 1st Quarter 2015

First quarter sales in the Village of Pinecrest has seen a bit of a decline when compared to single family home sales from the same period in 2014. Forty five homes sold through March 31, 2015, only four less than last year. Luxury Market In the luxury market, with 22 sales over $1 million, the hot market continued to be between $1 […]
February 17, 2015

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 […]
February 10, 2015

Pinecrest Home Sales 2014 – The Annual Report

The numbers are in for 2014 single family home sales in the Village of Pinecrest. These numbers reflect all sales listed in the MLS but not homes sold by owner. Each year, I brake down Pinecrest sales by quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and […]