January 4, 2016

What Home Features do Miami Homebuyers Want in 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

Q3 Hot Markets in the Village of Pinecrest

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

Pinecrest – 3rd Quarter Sales 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

Are you an UHNW Individual?

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 […]
August 30, 2015

Village of Pinecrest Acre Sales

In the Village of Pinecrest, 13 acre parcels of land this year have transferred ownership.  Five lots were exclusively land sales and eight were homes on acres that sold for land value. Here’s the break down. Land Sales: Total 5 When looking at land values, the actual sale price is less significant than the sale price per square foot ($/SF) because parcels very in […]
August 15, 2015

New Modern Estate Fetched Top Dollar in Pinecrest

June single family home sales in The Village of Pinecrest ranged from $5,100,000 for a new modern home with 9 bedroom, 9.5 bath and 10,000 square feet of living space to $433,650 for a 3 bedroom, 2 bath home built in 1957. The top sale price per square foot was $505 and the lowest $212.  The average June sale in Pinecrest was $1,441,825 or $311 […]
July 31, 2015

Pinecrest Home Sales – Second Quarter Hot Markets

Luxury Market: Sales Over $1 Million In the luxury market, with 13 sales over $1 million, the hot market continued to be between $1 – 1.4 million.  Eleven of the 13 homes that sold in the second quarter were between $1.1 and $1.3 million. This year only two homes sold at the top end between $ […]
July 29, 2015

Pinecrest Single Family Home Sales – Q2 Market Update

Single-family luxury home sales in the Village of Pinecrest show stability when comparing 21015 and 2014 second quarter sales.  In the under $1 million market, prices have increased.  Take a look at the chart for comparisons. Luxury Market:  Sales Over $1 Million The luxury market had three fewer sales this quarter over the same period last year.  The average sale […]
April 27, 2015

Upward Trend for Miami Real Estate

The momentum is palpable.  The Miami real estate market is steaming up with international and domestic buyers looking to live in a global city with world-class amentities. Here’s a brief market update on single-family homes and condominiums year over year in March, 2015. Miami sales are up 10%. Miami single family homes and condos continue to sell […]