May 13, 2013
In looking at the “average list price per square foot” and the “average sale price per square foot” in Pinecrest, there is good reason for optimism. These numbers are indicative of buyers and sellers frame of mind. Between 2009 – 2011, prices per square foot declined. You can see by the graph below that prices […]
April 15, 2013
The City of South Miami has only 29 single family homes for sale between $2,875,000 ($436/SF) and $130,000 ($167/SF). The median home on the market right now is 4 bedroom, 2 bath, 2,225 square feet with an asking price of $639,000 ($264/SF). I have quite a few buyers right now that are looking in this neighborhood. Some are investors but most are first […]
April 14, 2013
Christie’s International Real Estate published a superb compendium titled LUXURY DEFINED: AN INSIGHT INTO THE LUXURY RESIDENTIAL PROPERTY MARKET. This is a must read for anyone in the luxury real estate business or interested in buying or selling luxury properties. Christie’s is the world’s leading network of independent real estate companies dedicated to the sale and marketing of luxury […]
April 13, 2013
I read an article today in Florida Realtors who reported that the greater Miami area posted the highest foreclosure activity of any large city in the U.S. for the first quarter, with one in every 79 residences receiving some type of foreclosure filing. This prompted me to analyze the distressed sale activity of single family homes in the South […]
April 10, 2013
As of April 8, there are 37 homes for sale in The Village of Palmetto Bay that are not under contract. Six homes are listed for over $1,000,000, 15 are listed between $500,000 to $999,000 and 16 are listed for under $500,000. None of these are foreclosures and only three are short sales. With so little inventory on the market […]
April 6, 2013
Last year I reported that NE Pinecrest had the highest average single family home sale price per square foot than the other areas of Pinecrest. The first quarter of this year continues the trend. In looking at the median sales price of single family homes per square foot, NE Pinecrest comes in at $320.00, NW Pinecrest at $278, SE Pinecrest at $256.00 and SW […]
March 26, 2013
Three months ago, I reported that sales in the Coral Gables community of Snapper Creek Lakes have stalled. This is a very desirable gated community yet, it has been six months now since there has been a sale. There are currently two properties under contract and eight homes for sale. Also on the market since last October is an oak laden lot around three quarters of an acre listed […]
March 25, 2013
In Pinecrest, 91 homes over $1,000,000 are currently for sale. Forty four homes are for sale between $500,000 and $1,000,000 and only four homes are under $500,000. Most homes in this community are on large parcels of land, often 3/4 acre and up, adding significant value to these properties. Click here to see the complete market analysis […]