Market Trends Archives - Page 7 of 11 - Debra Wellins Real Estate: Pinecrest Coral Gables Coconut Grove

February 18, 2014

What’s For Sale in Pinecrest?

As of January 31, 2014, there are 95 single family homes for sale in The Village of Pinecrest. The hot price ranges are between $1 – 2 million with 33 active listings and $500,000 – $999,999 with 26 active listings. In the ultra luxury market, 19 homes are for sale between $2 – 3 million, 12 homes are for sale between $3 – […]

February 3, 2014

The Village of Pinecrest 2013 Market Report – The Year in Review

In The Village of Pinecrest, 228 homes single family homes sold in 2013 with a total sales volume of $254,928,575. Sales ranged from $305,000 to $3,800,000.00 with an average sale price of $1,118,108 and an average price per square foot (SF) of $256. The average sale price increased 13% and the average price per SF increased by 9% over […]

February 3, 2014

Luxury Home Trends for 2014

The luxury home buyer wants amenities, services and infrastructure. Here’s the 2014 lux wish list. Amenities Range of common spaces: on-site fitness centers, pools, spas, theatres, lounges, roof gardens, art galleries Parking and storage Services Hotel-like services: concierge, doorman, housekeeping, dog walking, catering, fine dining Security and privacy Infrastructure Flexibility for renovations High ceilings Finishes equivalent to a five-star […]

January 27, 2014

Luxury Defined – Miami – New York – London

Christie’s International Real Estate just came out with their report on the state of luxury real estate in three world class cities, Miami, New York and London, all of which are experiencing significant growth. Buyers with high net worth, wishing to spend $1 million or more on residential property, can afford to acquire homes anywhere […]

January 3, 2014

Pinecrest Fourth Quarter Single Family Home Sales 2013

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. […]

November 12, 2013

Four Reasons for Flat Home Sale Prediction for Next Year

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 […]

November 4, 2013

October Home Sales in Pinecrest

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 […]

October 8, 2013

Brazil Tops Foreign Consumer Searches for Miami Properties

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 […]

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 […]