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Debra Wellins


Market Trends Category

Pinecrest Fourth Quarter Single Family Home Sales 2013

Debra Wellins In the Village of Pinecrest, 36 single family homes sold in the fourth quarter of the year (October 1 - December 31, 2013) with a total sales volume of $42,673,250.  This is a dramatic drop in sales from the third quarter of this year, where 72 homes closed. Of the 36 closed sales, 15 homes were under $1,000,000 and 21 homes were over $1,000,000. The pie chart depicts sales in increments of $500,000. Thirty nine percent of homes sold between $500,000 and $999,000, 41 percent between $1,000,000 and $1,499,000 and 8 percent between... Continue Reading >

Four Reasons for Flat Home Sale Prediction for Next Year

Debra Wellins The nationwide outlook on residential home sales for next year is steady, but with rising prices due to a low inventory of homes for sale. The National Association of Realtors (NAR) predicts this sharp reversal from the past two years in which existing home sales increased from the year before. What's Bogging Down the Sales? Lack of income growth - Markets with stronger job growth will fare better next year. The best performing housing markets next year will likely include Salt Lake City, Houston, Denver,... Continue Reading >

October Home Sales in Pinecrest

Debra Wellins October has been a sluggish month for single family home sales in the Village of Pinecrest.  Only seven homes closed. The average sale was a 5 bedroom, 4 bath home, with 5,020 square feet of living space, that sold for an average price of  $1,126,071.00 or $222 per square foot. On the bright side, however, there are 41 homes that are pending sale, a strong market indicator leading up to the holiday season. As of Nov. 1, there are 116 homes listed for sale in Pinecrest. Check out the chart... Continue Reading >

Brazil Tops Foreign Consumer Searches for Miami Properties

Debra Wellins Brazil is back in the top spot for foreign consumers searching Miami properties on Miamire.com according to the members of the Miami Association of Realtors.  Brazil tops the list of countries - second only the the U.S - that conducted searches in August. Despite the recent weakening of the Brazilian currency, Brazil remains a strong market for Miami real estate, reflected by property searches and closed sales. Following Brazil, the top foreign markets are Canada, Argentina, Columbia Venezuela, Russia, Malaysia, France, Spain and the United... Continue Reading >

Pinecrest 3rd Quarter Report 2013

Debra Wellins In the Village of Pinecrest, 72 single family homes sold in the third quarter of the year (July 1 - September 30) with a total sales volume of $77,819,500 .  Of these, 46 homes were under $1,000,000 and 26 homes were over $1,000,000. The pie chart depicts sales in increments of $500,000. Fifty six percent of homes sold between $500,000 and $999,999, followed by 15 percent of homes sold between $1,000,000 and 1,499,999 and 12 percent between $1,500,000 and 1,999,999. The hottest price... Continue Reading >

Pinecrest Homes for Sale

Debra Wellins There are 115 single family residential homes for sale in the Village of Pinecrest. Take a look at he graph which represents price range intervals of $200,000 up to $2,000,000, where the price range interval shifts to $500,000.   Sixty nine percent or 79 of these homes are over $1,000,000.  The most active price range, however, is between $800,000 and $999,000 with 18 homes currently listed. Highs, Lows and Averages At the top end, there are two two luxury homes for sale in Pinecrest... Continue Reading >

EWM Realty Dominates High-End Residential Sales

Debra Wellins EWM is the #1 brokerage in total sales of million dollar-plus residential apartments and homes in Miami-Dade County for the past year.  The Southeast Florida Regional Multiple Listing Servie (MLS) reported this data as of August 30, 2013. During the month of August, EWM reported 41 transactions in excess of one million dollars compared to our closest competitor with 31 transactions, followed by the third ranked brokerage with 18 transactions. Annual numbers, from September 2012 through August 2013, EWM was number one... Continue Reading >

Five States with Highest Home Price Appreciation in July

Debra Wellins Florida (13.5%) along with Nevada (24.2%), California (20.2%), Arizona (14.9%) and Utah (13.5%) had the highest home price appreciation for the month of July, if distressed sales are excluded. The five states with the highest home price appreciation, including distressed sales, are Nevada (27%), California (23.2%), Arizona (17%), Wyoming (16.4%) and Oregon (15%). Only Deleware posted a 1.3% depreciation  in its July home price when distressed sales are included. Reported by CoreLogic in FloridaRealtors.org. I am a luxury home specialist.  If you would like... Continue Reading >

Distressed Sales of Single Family Homes – Southeast Miami Dade Corridor – 2013

Debra Wellins Distressed single family home sales as a percentage of total annual sales are down since the first quarter in homes along the Southeast Miami-Dade corridor.  Distressed sales include foreclosures and short sales. I analyzed distressed sales in six cities: Pinecrest, Palmetto Bay, Coconut Grove, Coral Gables, South Miami and Key Biscayne.  In the chart  to the right you can see that Palmetto Bay had the highest percentage of distressed sales (17%) followed by Coral Gables (12%), South Miami (9.5%), Coconut Grove... Continue Reading >

Compare Your City – Average Price Per Square Foot of Homes for Sale

Debra Wellins Check out how your neighborhood compares in average price per square foot for single family homes for sale.  I analyzed homes currently on the market in six cities: Coconut Grove, Coral Gables, Key Biscayne, Pinecrest, Palmetto Bay and South Miami. The numbers are quite interesting, especially if you are thinking of buying or selling a home. Key Biscayne is king of the mountain with the average home offered at $1,079 a square foot.  Coconut Grove and Coral Gables  are comparable to each... Continue Reading >