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May 24, 2019

Devonwood Waterfall Home – a Steal of a Deal

The Devonwood waterfall home is back on the market and listed under appraised value.  The owners are downsizing so investors and buyers, bring your offers before it’s snagged up. Situated on half an acre in the Village of Pinecrest, this 6,100 SF mid-century modern home needs significant updating, but has a great floor plan with […]
February 11, 2019

Village of Pinecrest 2018 Annual Market Report

It was a record breaking year for single family home sales in the Village of Pinecrest.  Not since 2013 have so many homes turned over ownership.  And total sales volume was also at a six year high, up by 19% over 2014, which was the last big year when sales exceeded $300 million. The Big […]
February 23, 2018

Village of Pinecrest 2017 Market Report

Fewer Units Sold but Prices Up The number of single family home sales in the Village of Pinecrest was down by 7% in 2017, with 180 units sold for a total sales volume of $257,086,111. The average home sold for $1,428,256 or an average price of $326 per square foot (SF) up from an average of […]
January 18, 2018

Pinecrest Gardens – Cypress Hall Reinvented

Anyone remember the Cypress Hall Cafeteria of Parrot Jungle days in Pinecrest? Last night, Pinecrest Gardens opened its doors to the reinvented Cypress Hall, a cultural and educational center designed to connect visitors with the world of contemporary art.  Located at the entrance to the Garden, the new 4,600 square foot venue has a wonderful […]
June 21, 2017

What are the Odds of Selling Your Home in Pinecrest?

If you’re thinking of selling your home in Pinecrest, you’re probably wondering what the likelihood of success will be.  There are some interesting trends. I looked at the data from the past six months to see what the odds of selling your home in Pinecrest are.  Clearly, if you are priced under $1 million, and have not overvalued […]
June 5, 2017

Plenty of Pinecrest Homes for Sale but Slow to Sell

There are plenty of single family Pinecrest homes currently on the market, 205 to be exact. The average list price is $2,354,283 or $411/SF.  But, there is a big discrepancy between the offered price and sale price. Since January this year, a total of 77 homes have sold with an average sale price of $1,245,886 or $305/SF. These homes […]
April 9, 2017

Pinecrest Gardens – Get Involved – Make A Difference

Pinecrest Gardens (the old Parrot Jungle) holds the most special memories for my family.  So many mornings, I’d meet with other moms and their toddlers there to have breakfast or coffee and enjoy the gorgeous garden.  An early morning lifesaver,  the Garden was a local spot where kids could play and interact in a safe and […]
March 13, 2017

Pinecrest Real Estate – Market Recap of Land Sales in 2016

The Village of Pinecrest land sales were relatively stable in 2016. Although it took longer to move Pinecrest real estate last year, prices were up. Market Recap of Land Sales A total of 14 properties sold last year in Pinecrest, most between 3/4 of an acre and 1.25 acres, averaging $1,031, 921 per sale or $26 a square foot (SF). […]
October 29, 2016

How to Calculate Your Real Estate Tax Portability when Downsizing Homes

So often, I’m asked how to calculate the real estate tax savings or tax portability when downsizing homes.  Here’s a clear and simple example that I provided to one of my sellers in Pinecrest.  Use it as a template for your own numbers. Take a look at the chart.  If you own a home that has a current market value of $2,300,000 with […]