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Debra Wellins

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Pinecrest Fourth Quarter Single Family Home Sales 2013

Debra Wellins 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. The pie chart depicts sales in increments of $500,000. Thirty nine percent of homes sold between $500,000 and $999,000, 41 percent between $1,000,000 and $1,499,000 and 8 percent between... Continue Reading >

Palm Island Home Sells for $7,500,000

Debra Wellins It's been six months since there has been a sale on Palm Island in Miami Beach.  One Twenty Palm Ave. recently sold for $7,500,000 or an impressive $1,161 a square foot. Built in the 1930's, this 6 bedroom, 6.5 bath waterfront estate , with  6,461 square feet of living space, retains its old world charm with modern updates. [gallery ids="5956,5966,5965"] [gallery ids="5960,5959,5958"] Magical Palm Island Palm Island is a spectacular man-made island surrounded by Biscayne Bay. It is connected to neighboring Hibiscus Island to the north and is adjacent to Star Island to the east.  Located off... Continue Reading >

Four Reasons for Flat Home Sale Prediction for Next Year

Debra Wellins 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 income growth - Markets with stronger job growth will fare better next year. The best performing housing markets next year will likely include Salt Lake City, Houston, Denver,... Continue Reading >

October Home Sales in South Coral Gables

Debra Wellins Snapper Creek Lakes, Gables by the Sea, Old Cutler Bay Estates and Pine Bay Estates were the only luxury communities in South Coral Gables with closed sales in October, 2013.  A total of five homes sold along Old Cutler Road, South of Kendall Drive (SW 88th St). The chart below lists the five properties that sold, the highest in Snapper Creek Lakes and the lowest in Gables by the Sea.  When looking at price per square foot, the house on Balada St.,... Continue Reading >

October Home Sales in Pinecrest

Debra Wellins 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 homes that are pending sale, a strong market indicator leading up to the holiday season. As of Nov. 1, there are 116 homes listed for sale in Pinecrest. Check out the chart... Continue Reading >

Miami Heat’s Chris “Birdman” Anderson Buys Home in Pinecrest

Debra Wellins The Birdman is roosting in Pinecrest.  Gossip Extra is reporting that Chris Anderson just bought a five bedroom, five bath home for $1.89 million in the Collins Acres area of Pinecrest. The main house, 7,505 square feet with marble floors throughout, includes a large living room, enormous family room with a fireplace, a fully equipped party-sized kitchen, and a master-suite with enough room for a gym.  Birdman can put in a b-ball court on the one acre property that includes a lighted tennis court, heated pool and guest... Continue Reading >

Pinecrest 3rd Quarter Report 2013

Debra Wellins 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 sold between $500,000 and $999,999, followed by 15 percent of homes sold between $1,000,000 and 1,499,999 and 12 percent between $1,500,000 and 1,999,999. The hottest price... Continue Reading >

Pinecrest Homes for Sale

Debra Wellins There are 115 single family residential homes for sale in the Village of Pinecrest. Take a look at he graph which represents price range intervals of $200,000 up to $2,000,000, where the price range interval shifts to $500,000.   Sixty nine percent or 79 of these homes are over $1,000,000.  The most active price range, however, is between $800,000 and $999,000 with 18 homes currently listed. Highs, Lows and Averages At the top end, there are two two luxury homes for sale in Pinecrest... Continue Reading >

EWM Realty Dominates High-End Residential Sales

Debra Wellins EWM is the #1 brokerage in total sales of million dollar-plus residential apartments and homes in Miami-Dade County for the past year.  The Southeast Florida Regional Multiple Listing Servie (MLS) reported this data as of August 30, 2013. During the month of August, EWM reported 41 transactions in excess of one million dollars compared to our closest competitor with 31 transactions, followed by the third ranked brokerage with 18 transactions. Annual numbers, from September 2012 through August 2013, EWM was number one... Continue Reading >

Luxury Homes for Sale in South Coral Gables

Debra Wellins There are 55 homes for sale in the Southeastern corridor of Coral Gables, thirty five of which are waterfront. Nine homes are currently under contract and eight of these are waterfront. In the last three months, ten homes have sold in South Coral Gables, nine of which are in the luxury waterfront communities of Gables by the Sea and Gables Estates. The graph provides a quick glimpse of active listings in the South Gables subdivisions. South Coral Gables is the area below SW 8oth... Continue Reading >