Market Trends – Real Estate Information
June 21, 2017
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
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 […]
March 5, 2017
Jump in and enjoy my Village of Pinecrest 2016 Annual Market Report – the most comprehensive analysis of single-family home sales in Pinecrest. Sales data is divided into quadrants, with SW 112th Street representing the division between north […]
February 18, 2016
Each year, I create a comprehensive market report that subdivides single-family home sales in the Village of Pinecrest into quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and west. (See map below). These numbers reflect […]
February 7, 2016
I’m flooded with buyers looking for homes in walkable communities. Millennials, downsizing couples and people with disabilities are all in search of a unicorn – town homes, single-family homes and apartments within walking distance to a city center. Homeowners of all ages don’t want to drive. They want to walk into town, grab a bite to eat, throw back a […]
January 4, 2016
The top 10 must-have items that will be major selling points for 2016 are: Contemporary Design or Mid-Century Modern Porcelain Flooring that Looks like Wood Granite Countertops Stainless-Steel Appliances Open-Floor Plan Walk-in Designed Closets Eat-in Chef’s Kitchen with Wine Cooler and Pantries Impact French Doors and Windows for Maximum Natural Lighting En Suite Bedrooms Fireplace (yes – even in Miami) Lush Tropical Landscaping Pool […]
October 5, 2015
The luxury market in the Village of Pinecrest continues to thrive in the $1M to $1.4M price range. Out of 30 single family home sales, almost half the sales were in this pocket. The balance of sales fell between $1.5M and $2.9M. When comparing high-end sales for the third quarter of 2015 to 2014, the numbers are stable. However, sales under […]
October 4, 2015
Single family home sales are steady and stable in the Village of Pinecrest. The chart compares the third quarter of this year to third quarter sales in 2014 and there are a few surprises. The average luxury home sale price is up a mere 2% as is sales under a million at 2.5%. The average sale price per square foot is up 6% in […]
September 9, 2015
Who are they and do they want? For starters, these uber rich folks have at least $30 million in assets. They are ultra-high net worth indivuduals (UHNW) who buy the finest wines, watches, cars, yachts, jewelry and real esatate. In seeking safe investment diversification, they purchase second homes in foreign countries to gain citizenship or residency status. Acccording to a recent study, there are […]