Debra Wellins – Real Estate & Community Information

August 11, 2014

Highest Sale – Lowest Sale in Pinecrest

Here’s the ying and yang of single family home sales in The Village of Pinecrest this year. Let’s start with the high end. Located at 9030 SW 60th Ave, this 7 bedroom, 8 bath, 3 half bath home with 12,400 square feet of living area on over an acre sold in June for $6,199,000 or $444 […]

July 28, 2014

Breaking News: Zillow Agrees to Acquire Trulia

Trulia has entered into a definitive agreement to be acquired by Zillow. The agreement stipulates a 3.5 billion stock-for stock transaction approved by the Boards of Directors of both companies and is expected to close in 2015. Both companies will operate as separate and distinct brands. At closing, Trulia CEO Pete Flint will remain as CEO of […]

July 19, 2014

JUST SOLD MODERN COCONUT GROVE TOWNHOUSE

I just closed on this fabulous Coconut Grove townhouse at 3177 Florida Ave. This place is absolutely divine. Not only is it located on a quiet charming street, but it is walking distance to everything Coconut Grove. I represented the buyer of this modern townhouse, listed by Jessica Adams of the Riley Smith Group. This stunning place […]

July 8, 2014

Pinecrest Townhouse Sales

Since January, only 4 townhouses have closed in Pinecrest, two at Swan Lake and two at Sutton Place. The prices ranged from $425,000 ($224/SqFt) for a 3 bedroom, 2.5 bath townhome at Sutton Place to $650,000 ($221/Sq Ft) for a 3 bedroom, 3 bath tonwhouse at Swan Lake. The townhouse market in The Village of Pinecrest is extremely small […]

June 27, 2014

A Shocker – Citizens Insurance Approves Rate Reduction

Citizens Property Insurance Corp. Board of Governors approved an overall average reduction of 2.9 percent statewide for personal residential policyholders. Single family homeowners will see an average drop of 3.2 percent and personal and commercial rates will decrease by 1 percent. These recommendations, however, still must be approved by the Florida Office of Insurance Regulation before they take […]

June 23, 2014

Townhome Just Listed in Gables Point

I just listed this 2 bedroom, 2-1/2 bath townhome in Gables Point II, the most well-maintained of the Gables Point townhomes. This unit backs up to a beautiful private garden area designed for meeting and greeting neighbors while walking the dog (or not). The kitchen was updated five years ago with gorgeous marble counter tops and under-counter lighting, a […]

June 10, 2014

Inventory of Homes for Sale is on the Rise – Especially in Palmetto Bay

There are definitely more homes on the market this year over last. Take a look at the graph to the right that compares single family homes for sale between Jan 1 and June 1 in 2013 and 2014. Palmetto Bay has seen the greatest increase in homes for sale, up by 44%. This is a super hot area to […]

June 5, 2014

How Long to Sell Your Home in Pinecrest

Sellers frequently ask me how long I think it will take to sell their home in the Village of Pinecrest. Homes that are priced correctly usually sell within weeks in today’s seller’s market. Price is clearly the number one factor that determines speed of sale. That being said, the time it takes to sell a home depends […]

June 2, 2014

Pinecrest May See Decline in Sales Price Per Square Foot

This year, single family homes in the Village of Pinecrest have sold for an average of $300 per square foot. I’ve been looking at pending sales data for 2014 and it shows the average list price per square foot at $260. Since the average sale price to list price ratio is 95% for the year, meaning […]

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