Exemplary Service

Debra Wellins

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Real Estate Information Category

A Modern Pinecrest Family Home – True Green

The Haper home in Pinecrest is a modern masterpiece in environmental design and lifestyle. It is not simply that they use green materials in their home but that sustainability is their way of life. I met the Harpers while representing them in real estate transactions. David Harper is an innovative environmental architect; his wife Jennifer is experienced in LEED certification. What struck me the most about this couple was their dedication to sustainable living through architecture, energy efficiency and a healthy lifestyle. We have all been raised on the precepts of... Continue Reading >

Pinecrest Home Sales January 2015

January was a slow month for single family home sales in The Village of Pinecrest. There were only 13 closings, with a top sale of $2,275,000 and a bottom sale of $540,000. The average sale was $994,000 or $270 per square foot. In reviewing the luxury segment of this market, properties that sold for over $1 million, the average price was $1,351,000 or $313 per square foot for January. One property sold for land value at $1,100,000.  The buyers plan to build a spectacular contemporary LEED home, using the latest and greatest energy... Continue Reading >

Pinecrest Acre for Sale

I've got the inside track on a NE Pinecrest acre that is not yet listed for sale but available for $1.2 million.  This is a fantastic opportunity to buy this property while it's off-market. It's deep interior acre -  great for privacy - shaded by lovely oaks and palms on a quiet street with little traffic.  The lot is .93 acres or 40,712 square feet (SF). Although the property is being sold for land value, there is a comfortable 4 bedroom, 3 bath family home, with 2,312 SF of living space, including a renovated kitchen... Continue Reading >

Just Sold – Gorgeous Acre in Pinecrest

  I just sold this spectacular acre in the Village of Pinecrest.  The developer who purchased it will be building a beautiful contemporary home that will add tremendous value to the neighborhood. This was a challenging acre to sell.  Although located in one of the most sought after neighborhoods in Pinecrest, on a no-traffic street with beautiful majestic oaks and nice property dimensions, this acre had many site development issues that had to be resolved. moving a fire hydrant moving power lines, moving neighboring fences, boundary line issues and removal and... Continue Reading >

Village of Pinecrest Land Sales – 2014 Market Report

The Village of Pinecrest has very few undeveloped parcels of land remaining.  Last year, 17 lots were purchased, 6 of which were undeveloped and 11 with tear-down houses that sold for land value only. Developers are chomping at the bit for beautiful parcels of land in prime locations in The Village. The chart below has all the data for 2014 Pinecrest land sales generated from the MLS.  This is a most time-consuming analysis as most of the acres sold are not necessarily listed under land sales but under... Continue Reading >

Pinecrest Home Sales 2014 – The Annual Report

The numbers are in for 2014 single family home sales in the Village of Pinecrest. These numbers reflect all sales listed in the MLS but not homes sold by owner. Each year, I brake down Pinecrest sales by quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and west. The chart below is self explanatory, but I'd like to point out the relevant changes between 2013 and 2014 that are the most interesting. The 2014 total volume in sales was up 18% over 2013.... Continue Reading >

Same Sex Marriage- The Property Title Issue

Same sex marriage became legal in the State of Florida on January 6, 2015.  And up until now, gay and lesbian couples had no rights as a married couple, despite being legally wed in other states. There are, however, legal issues that remain unresolved concerning same sex marriage that can and will impact real property and ownership rights. So how are the underwriters handling the issuance of title to same sex married couples (SSMC)? Here's the legal lowdown. They are instructing that joinder of... Continue Reading >

Sold – Waterfront Condo in Bay Harbor

The condo market continues to be hot.  I represented the buyers in the sale of a two bedroom, two bath waterfront condo on Bay Harbor Island in Miami Beach . This condo sold for a sweet $285,000, a great price for an apartment with bay and city views from every room. The owners are thrilled with their purchase and are in the process of fixing it up as they make this their new home, all the way from Sitka, Alaska. The condo has great amenities including... Continue Reading >

Is There a Housing Bubble About to Burst?

I've been reviewing economic outlooks for the national housing industry to see what the experts are saying about bubble trouble for 2015. The “bubble” is an unsustainable rise in prices, often fueled by speculation and lending and characterized by easy credit, irrational exuberance and a rapid rise in prices. Real estate bubbles are measured by a few fundamentals and a crystal ball.   (1) Are prices rising faster in markets that are already inflated? (2) How many markets are overvalued by 10% or more? It seems that national home prices... Continue Reading >

Pinecrest 2014 Single Family Homes Sales

I've just taken an early look at the 2014 average and median sales of single family homes in the Village of Pinecrest and compared the numbers to last year. To date, 217 homes have sold this year, while at the same time last year,  230 homes closed. In the chart you will see that the number of bedrooms and bathrooms are stable.  However, the average price of homes has increased over last year by $207,000 or 15% and the median price by $125,000 or 13%. The average and median sales... Continue Reading >