It’s been an exceptionally different year in residential real estate in Miami-Dade and Broward Counties. Covid-19 has had a dramatic effect on the real estate industry in ways that could not be predicted. Consumers were of the belief that Covid-19 would adversely impact home values. Surprisingly, what you will see in this report is that […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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