October 5, 2015
The luxury market in the Village of Pinecrest continues to thrive in the $1M to $1.4M price range. Out of 30 single family home sales, almost half the sales were in this pocket. The balance of sales fell between $1.5M and $2.9M. When comparing high-end sales for the third quarter of 2015 to 2014, the numbers are stable. However, sales under […]
October 4, 2015
Single family home sales are steady and stable in the Village of Pinecrest. The chart compares the third quarter of this year to third quarter sales in 2014 and there are a few surprises. The average luxury home sale price is up a mere 2% as is sales under a million at 2.5%. The average sale price per square foot is up 6% in […]
October 3, 2015
Devonwood is a very desirable community in the Village of Pinecrest located off Ludlam Road between 131 St and 136 St. Many of us call it the Coconut Grove of Pinecrest because the streets and homes are so beautifully shaded by towering oaks, mature trees and lush tropical landscaping. The lovely and prestigious enclave of Devonwood has had only three sales since January of this year. […]
September 9, 2015
Who are they and do they want? For starters, these uber rich folks have at least $30 million in assets. They are ultra-high net worth indivuduals (UHNW) who buy the finest wines, watches, cars, yachts, jewelry and real esatate. In seeking safe investment diversification, they purchase second homes in foreign countries to gain citizenship or residency status. Acccording to a recent study, there are […]
September 7, 2015
Most of the time, a home buyer does not have opportunity to directly question a home seller. Sellers usually make themselves scarce during showings and this is always preferable. When I represent a buyer, if an opportunity presents itself to talk with the seller directly, there are some excellent questions to pose that often elicit answers not required or documented. These […]
August 30, 2015
In the Village of Pinecrest, 13 acre parcels of land this year have transferred ownership. Five lots were exclusively land sales and eight were homes on acres that sold for land value. Here’s the break down. Land Sales: Total 5 When looking at land values, the actual sale price is less significant than the sale price per square foot ($/SF) because parcels very in […]
August 15, 2015
June single family home sales in The Village of Pinecrest ranged from $5,100,000 for a new modern home with 9 bedroom, 9.5 bath and 10,000 square feet of living space to $433,650 for a 3 bedroom, 2 bath home built in 1957. The top sale price per square foot was $505 and the lowest $212. The average June sale in Pinecrest was $1,441,825 or $311 […]
August 10, 2015
The Village of Pinecrest has a home for everyone. There’s a sprawling Mediterranean estate on over an acre with 9 bedrooms, 10 baths and 16,000 square feet of luxury living offered for $9,599,000. Or, if you are a first time home buyer and have dreamed of living in a wonderful community with great schools and parks, there’s a 4 bedroom, 2 bath home […]
July 31, 2015
Luxury Market: Sales Over $1 Million In the luxury market, with 13 sales over $1 million, the hot market continued to be between $1 – 1.4 million. Eleven of the 13 homes that sold in the second quarter were between $1.1 and $1.3 million. This year only two homes sold at the top end between $ […]