Market Trends – Real Estate Information

January 3, 2014

Pinecrest Fourth Quarter Single Family Home Sales 2013

In the Village of Pinecrest, 36 single family homes sold in the fourth quarter of the year (October 1 – December 31, 2013) with a total sales volume of $42,673,250. This is a dramatic drop in sales from the third quarter of this year, where 72 homes closed. Of the 36 closed sales, 15 homes were under $1,000,000 and 21 homes were over $1,000,000. […]

November 12, 2013

Four Reasons for Flat Home Sale Prediction for Next Year

The nationwide outlook on residential home sales for next year is steady, but with rising prices due to a low inventory of homes for sale. The National Association of Realtors (NAR) predicts this sharp reversal from the past two years in which existing home sales increased from the year before. What’s Bogging Down the Sales? Lack of […]

November 4, 2013

October Home Sales in Pinecrest

October has been a sluggish month for single family home sales in the Village of Pinecrest. Only seven homes closed. The average sale was a 5 bedroom, 4 bath home, with 5,020 square feet of living space, that sold for an average price of $1,126,071.00 or $222 per square foot. On the bright side, however, there are 41 […]

October 8, 2013

Brazil Tops Foreign Consumer Searches for Miami Properties

Brazil is back in the top spot for foreign consumers searching Miami properties on Miamire.com according to the members of the Miami Association of Realtors. Brazil tops the list of countries – second only the the U.S – that conducted searches in August. Despite the recent weakening of the Brazilian currency, Brazil remains a strong market for […]

October 7, 2013

Pinecrest 3rd Quarter Report 2013

In the Village of Pinecrest, 72 single family homes sold in the third quarter of the year (July 1 – September 30) with a total sales volume of $77,819,500 . Of these, 46 homes were under $1,000,000 and 26 homes were over $1,000,000. The pie chart depicts sales in increments of $500,000. Fifty six percent of homes […]

September 30, 2013

Pinecrest Homes for Sale

There are 115 single family residential homes for sale in the Village of Pinecrest. Take a look at he graph which represents price range intervals of $200,000 up to $2,000,000, where the price range interval shifts to $500,000. Sixty nine percent or 79 of these homes are over $1,000,000. The most active price range, however, […]

September 27, 2013

EWM Realty Dominates High-End Residential Sales

EWM is the #1 brokerage in total sales of million dollar-plus residential apartments and homes in Miami-Dade County for the past year. The Southeast Florida Regional Multiple Listing Servie (MLS) reported this data as of August 30, 2013. During the month of August, EWM reported 41 transactions in excess of one million dollars compared to […]

September 9, 2013

Five States with Highest Home Price Appreciation in July

Florida (13.5%) along with Nevada (24.2%), California (20.2%), Arizona (14.9%) and Utah (13.5%) had the highest home price appreciation for the month of July, if distressed sales are excluded. The five states with the highest home price appreciation, including distressed sales, are Nevada (27%), California (23.2%), Arizona (17%), Wyoming (16.4%) and Oregon (15%). Only Deleware […]

August 20, 2013

Distressed Sales of Single Family Homes – Southeast Miami Dade Corridor – 2013

Distressed single family home sales as a percentage of total annual sales are down since the first quarter in homes along the Southeast Miami-Dade corridor. Distressed sales include foreclosures and short sales. I analyzed distressed sales in six cities: Pinecrest, Palmetto Bay, Coconut Grove, Coral Gables, South Miami and Key Biscayne. In the chart to […]