June 19, 2020

May Pinecrest Home Sales Strong Under $1 Million

May single family home sales in The Village of Pinecrest were strong under $1 million, but down by 32% over last May. The price point of the buyers last month is the stand out stat. Nine of the 13 sales were under $1 million:  3 sales were in the $600,000’s,  3 in the $700,000’s, 2 […]
April 24, 2020

The Pandemic Effect on Real Estate

The pandemic has triggered a very unpredictable real estate market with unusual dynamics.  Nobody knows what will happen with inventory and pricing. So here are some things to ponder if you are thinking of buying or selling a home. Seller Considerations: Should I Sell? Some sellers are pulling their homes off the market if there’s […]
March 19, 2020

Pinecrest Catapults into Hot Buyers Market in February 2020

The Village of Pinecrest catapulted into a hot buyer’s market in February. While it was a good market for buyers throughout last year, February became a sizzling cauldron of inventory. January Sales January single-family home sales started out strong with 21 homes sold, 52% of sales under $1 million, 30% between $1 -2 million and […]
February 8, 2020

Village of Pinecrest 2019 Annual Real Estate Market Report

I’m pleased to present my Village of Pinecrest 2019 Annual Real Estate Market Report.
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 […]
August 2, 2017

Palmetto Bay Home Sales – Under $700K a Sure Bet

I just finished analyzing Palmetto Bay single family home sales from January through June of this year. It’s great news for this neighborhood where home sales under $700,000 are a sure bet to sell. Not only do homes in this community priced under $700,000 have an excellent chance of selling, but they sell within an average […]
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 […]