February 3, 2014

The Village of Pinecrest 2013 Market Report – The Year in Review

In The Village of Pinecrest, 228 homes single family homes sold in 2013 with a total sales volume of $254,928,575.  Sales ranged from $305,000 to $3,800,000.00 with an average sale price of $1,118,108 and an average price per square foot (SF) of $256.  The average sale price increased 13% and the average price per SF increased by 9% over […]
January 27, 2014

Luxury Defined – Miami – New York – London

Christie’s International Real Estate just came out with their report on the state of luxury real estate in three world class cities, Miami, New York and London, all of which are experiencing significant growth. Buyers with high net worth, wishing to spend $1 million or more on residential property, can afford to acquire homes anywhere […]
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. […]
December 13, 2013

Palm Island Home Sells for $7,500,000

It’s been six months since there has been a sale on Palm Island in Miami Beach.  One Twenty Palm Ave. recently sold for $7,500,000 or an impressive $1,161 a square foot. Built in the 1930’s, this 6 bedroom, 6.5 bath waterfront estate , with  6,461 square feet of living space, retains its old world charm with modern updates. Magical Palm Island Palm […]
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 7, 2013

October Home Sales in South Coral Gables

Snapper Creek Lakes, Gables by the Sea, Old Cutler Bay Estates and Pine Bay Estates were the only luxury communities in South Coral Gables with closed sales in October, 2013.  A total of five homes sold along Old Cutler Road, South of Kendall Drive (SW 88th St). The chart below lists the five properties that sold, […]
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 18, 2013

Miami Heat’s Chris “Birdman” Anderson Buys Home in Pinecrest

The Birdman is roosting in Pinecrest.  Gossip Extra is reporting that Chris Anderson just bought a five bedroom, five bath home for $1.89 million in the Collins Acres area of Pinecrest. The main house, 7,505 square feet with marble floors throughout, includes a large living room, enormous family room with a fireplace, a fully equipped party-sized kitchen, and a […]
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 […]