July 8, 2013
In The Village of Pinecrest, 86 residential properties sold from April 1 – June 30, 2013 with a total volume in sales of $86,736,675.00. Only six properties that sold were under $500,000, but 55 sales were between $500,000 and $999,999. In the luxury market, 25 properties sold over $1,000,000 as follows: there were ten closed […]
July 1, 2013
Brazil ranked number one in foreign countries searching for Miami properties on Miamire.com in May, 2013. South Florida continues to be a hot spot for international real estate buyers and consumers with Canada, Columbia, Venezuela, Spain, Argentina, France, United Kingdom and Italy in the top ten. Part of the reason that Brazil tops the list […]
June 25, 2013
There has been an astounding increase in the average price per square foot of homes for sale in Gables by the Sea for the second quarter of 2013. Thirteen listings on the market are averaging an asking price of $589/square foot. Compare this number to the seven closed sales averaging only $316/square foot. That’s a […]
June 24, 2013
Finally there have been some closings in Snapper Creek Lakes after a first quarter lull. Four properties sold in the second quarter of the year averaging 5 bedrooms and 5 baths, with 5, 206 square feet of living space, for an average sale price of $2,590,000 or $498 per square foot. But, the trend is […]
May 26, 2013
To show you the trends in the Village of Pinecrest real estate market these days, I’ve created the chart below that shows the number of new listings that came out on the market each month in 2013 combined with how many of those new listings have either pended or sold. As you can see, we […]
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 […]