March 7, 2015
It’s getting to be slim pickings for single family homes under $1 million in Pinecrest. As of today, 141 homes are on the market, only 41 of them under $1 million. The breakdown is in the chart on the right. The $700,000 – $799,000 price range is the hottest market under $1 million with 15 homes […]
March 2, 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 […]
February 24, 2015
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 […]
February 22, 2015
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 […]
February 17, 2015
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 […]
February 10, 2015
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 […]
January 30, 2015
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 […]
January 28, 2015
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 […]
December 26, 2014
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 […]