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 […]
December 26, 2014

Is There a Housing Bubble About to Burst?

I’ve been reviewing economic outlooks for the national housing industry to see what the experts are saying about bubble trouble for 2015. The “bubble” is an unsustainable rise in prices, often fueled by speculation and lending and characterized by easy credit, irrational exuberance and a rapid rise in prices. Real estate bubbles are measured by a few fundamentals […]
December 22, 2014

Pinecrest 2014 Single Family Homes Sales

I’ve just taken an early look at the 2014 average and median sales of single family homes in the Village of Pinecrest and compared the numbers to last year. To date, 217 homes have sold this year, while at the same time last year,  230 homes closed. In the chart you will see that the number of bedrooms and bathrooms are […]
September 29, 2014

The Best Real Estate Market Indicator – Number of Months Supply

The number of months supply of housing inventory is the most important metric in the real estate business and the key to understanding housing market value trends. The optimum number of months supply ranges between six and nine months.  Once the number of months supply falls below six months, the value of homes and condos increase. […]
September 10, 2014

Cool New Futuristic Building Materials

At the top of the cool building material chart is a company called uBeam who is leading the charge, so to speak, in wireless smartphone charging techniques.  uBeam is developing an ultrasonic sound transmitter that will fill a room with inaudible energy.  A receiver in your wireless device will be able to pick up the sound and […]
June 10, 2014

Inventory of Homes for Sale is on the Rise – Especially in Palmetto Bay

There are definitely more homes on the market this year over last.  Take a look at the graph to the right that compares single family homes for sale between Jan 1 and June 1 in 2013 and 2014. Palmetto Bay has seen the greatest increase in homes for sale, up by 44%.  This is a super hot area to […]
June 2, 2014

Pinecrest May See Decline in Sales Price Per Square Foot

This year, single family homes in the Village of Pinecrest have sold for an average of $300 per square foot. I’ve been looking at pending sales data for 2014 and it shows the average list price per square foot at $260. Since the average sale price to list price ratio is 95% for the year, meaning […]
March 26, 2014

Pinecrest Home Sales – Price Per Square Foot Up 13%

  Pinecrest homeowners have good reason to be happy as the first quarter of 2014 comes to a close. I crunched the numbers of single family home sales in The Village of Pinecrest and compared sales from this year to sales from last year for the same time period (January to present). The average sale price is up $ 40 a square […]
March 3, 2014

Pinecrest Homes – February Sales

The February 2014 stats are in and the number of single family homes sold in the Village of Pinecrest is identical to February of last year. Twelve homes sold at an average sale price of $1,435,683 or an average price per square foot (SF) of $323. When looking at all sales for the month of February, the average sales price […]