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Debra Wellins

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Just Listed in Pinecrest – A Devonwood Beauty

My newest listing is a contemporary family home in Devonwood on half an acre that thrills from the moment you walk over a wooden foot bridge through a lush tropical hammock to enter this fabulous abode.  Devonwood, one of the most desirable, safe and private communities in Village of Pinecrest, is known as the Coconut Grove of the Village by virtue of its forest of towering oaks and palms and shimmering landscapes of filtered light. It is patrolled by a state trooper such that residents rarely lock their doors.  For real!  And the schools are top notch. Features This extremely spacious two-story family home has... Continue Reading >

Q3 Hot Markets in the Village of Pinecrest

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 $1M have dropped by 24%.  The biggest change in comparing Q3 sales this year to last is in the $500K to $799K price range - off by 56%. The hot market, at 46% of... Continue Reading >

Pinecrest – 3rd Quarter Sales 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 the lux market whereas home sales under a million have seen only a 3% increase. One surprising stat that has come out of Q3 sales is how... Continue Reading >

Update on Devonwood Sales

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.  There is not much turn over of homes in this exclusive little corner of Pinecrest. The Sales 6500 SW 133 Dr    5 bedroom     3 bath       3,964 SF living area    23,599 SF... Continue Reading >

Are you an UHNW Individual?

Debra Wellins 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 211,275 UHNW individuals worldwide who collectively hold nearly $3 trillion (U.S dollars) in real estate assets.  Roughly 10 percent of their net worth is invested in real... Continue Reading >

You Buying? 8 Provocative Questions to Ask a Home Seller

Debra Wellins 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 questions can be addressed to the seller's agent but the answers will likely be filtered and not as revealing. What's the history of the house? Did you have any... Continue Reading >

Village of Pinecrest Acre Sales

Debra Wellins 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 total square footage. In this study, the land varied from 38,000 to 56,000 square feet or 3/4 to 1.5 acres.  (1 acre = 43,560 SF).  The land that sold for... Continue Reading >

New Modern Estate Fetched Top Dollar in Pinecrest

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 per square foot. Click this link to see What's for Sale in Pinecrest. I am an estate specialist in the Village of Pinecrest and your best source for... Continue Reading >

What’s on the Market in Pinecrest Real Estate?

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 with a little over 2,000 square of living space listed for $485,000. Take a look below to view all the properties for sale in Pinecrest and scroll to your... Continue Reading >

Pinecrest Home Sales – Second Quarter Hot Markets

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 $ 3 – 5 million.   Sales Under $ 1 Million There were 37 single family home sales under $1 million in the second quarter of 2015.  The hot market,... Continue Reading >