July 9, 2013

Comparison of 1st Quarter and 2nd Quarter Sales in Pinecrest

Pinecrest sales were robust in the second quarter compared to the first.  Eighty six homes sold in the second quarter while only 34 homes sold in the first. Take a look at the charts below to compare the high, low and average sales in the Village of Pinecrest for the first and second quarters. Except […]
July 8, 2013

Village of Pinecrest – 2nd Quarter Sales 2013

In The Village of Pinecrest, 86 residential properties sold from April 1 – June 30, 2013 with a total volume in sales of $86,736,675.00. Only six properties that sold were under $500,000, but 55 sales were between $500,000 and $999,999.  In the luxury market, 25 properties sold over $1,000,000 as follows:  there were ten closed […]
July 1, 2013

Brazilians Like Miami

Brazil ranked number one in foreign countries searching for Miami properties on Miamire.com in May, 2013.  South Florida continues to be a hot spot for international real estate buyers and consumers with Canada, Columbia, Venezuela,  Spain, Argentina, France, United Kingdom and Italy in the top ten. Part of the reason that Brazil tops the list […]
June 25, 2013

Price Per Square Foot Surges in Gables by the Sea

There has been an astounding increase in the average price per square foot of homes for sale in Gables by the Sea for the second quarter of 2013.  Thirteen listings on the market are averaging an asking price of $589/square foot. Compare this number to the seven closed sales averaging only $316/square foot.  That’s a […]
June 24, 2013

Snapper Creek Lakes is Trending Up

Finally there have been some closings in Snapper Creek Lakes after a first quarter lull.  Four properties sold in the second quarter of the year averaging 5 bedrooms and 5 baths, with 5, 206 square feet of living space, for an average sale price of  $2,590,000 or $498 per square foot. But, the trend is […]
June 2, 2013

Ultra Luxury Smart Home Technology

This is how it works!  You’re having a party and want to set the mood.  With one touch,  the lights turn on to a preset softness and color, the thermostat reduces the temperature, the fountains flow, the motorized shades retract, the music begins, the front gates open and the fireplace ignites.  Bing-bang-boom. Home automation is […]
May 26, 2013

Pinecrest Real Estate Market Update

To show you the trends in the Village of Pinecrest real estate market these days, I’ve created the chart below that shows the number of new listings that came out on the market each month in 2013 combined with how many of those new listings have either pended or sold. As you can see, we […]
May 13, 2013

Five Year Comparison of Average Price Per Square Foot in Pinecrest

In looking at the “average list price per square foot” and the “average sale price per square foot” in Pinecrest, there is good reason for optimism.  These numbers are indicative of buyers and sellers frame of mind. Between  2009 – 2011, prices per square foot declined.  You can see by the graph below that  prices […]
April 26, 2013

Investors Smothering Individual Home Buyers

Big investors are killing the market for individual home buyers whose dreams of building wealth through home ownership is dying.  My investors are thrilled.  But, my first-time home buyers can’t compete for the same properties with the hedge funds, Wall Street investors and cash cows chewing up the little bit of grass that’s available.  The ability of investors to make cash deals […]