October 7, 2013

Pinecrest 3rd Quarter Report 2013

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 […]
September 30, 2013

Pinecrest Homes for Sale

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, […]
September 27, 2013

EWM Realty Dominates High-End Residential Sales

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 […]
September 9, 2013

Five States with Highest Home Price Appreciation in July

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 […]
August 20, 2013

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

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 […]
August 12, 2013

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

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. […]
August 5, 2013

Pinecrest Market Report – July 2013

In July, 27 single family homes were sold in The Village of Pinecrest for a total volume in sales of $29,898,500.  Sales were strongest in the $600,000 – 700,000  range and in the $1 – 2 million range for the luxury market.  The average home was 5 bedrooms, 4 baths, with 4, 050 square feet […]
July 30, 2013

Chinese are Fastest Growing International Property Buyers

Chinese buyers rank as the world’s fastest growing population of property buyers and they are particularly enthusiastic about investing in North American real estate, according to FloridaRealtors.org. They are estimated to spend $114 billion on overseas property by 2015. Chinese investors are also part of an international group of buyers in Miami, picking up properties to […]
July 15, 2013

Palmetto Bay 2nd Quarter Sales 2013

Palmetto Bay is selling like hot cakes.  Eighty residential homes closed between April 1 and June 30, 2013 compared to 55 homes sold in the first quarter. That’s a 31 % increase.  Check out the graph to see the price breakdown.  The majority of homes sold between $400,000 – 449,000. The lowest sale was a […]