April 6, 2013

Comparison of Sale Price Per Square Foot in Pinecrest Quadrants

Last year I reported that NE Pinecrest had the highest average single family home sale price per square foot than the other areas of Pinecrest.  The first quarter of this year continues the trend.  In looking at the median sales price of single family homes per square foot, NE Pinecrest comes in at $320.00, NW Pinecrest at $278, SE Pinecrest at $256.00 and SW […]
March 28, 2013

Devonwood Contemporary Home Sold

A Pinecrest tri-level contemporary home just closed in Devonwood for $1,200,000.  Comtemporary architecture is red hot right now and this 5 bedroom, 4.5 bath, 1974 total renovation is no exception.  It sold in just under two months for 97% of list price at $269/sq ft. Want to learn the difference between Modern and Contemporary architecture? Check out my blog here. I am […]
March 26, 2013

No Sales in Snapper Creek Lakes for Six Months

Three months ago, I reported that sales in the Coral Gables community of Snapper Creek Lakes have stalled.   This is a very desirable gated community yet, it has been six months now since there has been a sale.  There are currently two properties under contract and eight homes for sale.  Also on the market since last October is an oak laden lot around three quarters of an acre listed […]
March 25, 2013

Price Distribution of Pinecrest Homes for Sale

    In Pinecrest, 91 homes over $1,000,000 are currently for sale.  Forty four homes are for sale between $500,000 and $1,000,000 and only four homes are under $500,000.  Most homes in this community are on large parcels of land, often 3/4 acre and up, adding significant value to these properties. Click here to see the complete market analysis […]
March 24, 2013

Do NOT Wait to Upsize – Here’s Why

If you are considering selling a house to purchase a larger, more expensive home, waiting a year or two will likely mean a higher sales price as well as a higher purchase price.   So why move up now, you ask? The Numbers Don’t Lie… If you look at the dollars and cents, a $200,000 home […]
March 15, 2013

Average Price a of Home in The Village of Pinecrest

Pinecrest Real Estate is More Expensive… I was just looking at the numbers for home sales from January to March 15th of this year and am astounded at how much the average price of a home has jumped in 2013.  The average sale price has increased from $746,636.00 to $1,229,740.00, a whopping $484,104.00 difference.   There have been 25 homes that […]
March 11, 2013

The Only Way to Buy a Condo in Pinecrest

WITH CASH.  Condos under $250,000 are being bought by local and foreign investors for cash.   No cash – no deal.  If you add a finance contingency, you can just about forget it.  Sellers are receiving multiple offers and can pick and choose from the highest and best offer – for cash. In fact, sellers are receiving […]
March 11, 2013

Gables Estates Update – On the Waterfront

Gables Estates, the privately gated waterfront community east of Old Cutler Road, between 80th St and 92nd St. currently has 12 homes for sale.  Most of these residential estates have been on the market for only two to three months, suggesting that luxury waterfront property is selling in Miami.  Properties for sale in this exclusive community range between a ten bedroom, […]
March 9, 2013

Divorce and Home Sales Can be a Legal Mess

I recently represented the buyer in the purchase of a condo.  After a lengthy contract negotiation, with both sides in full agreement, the seller added a stipulation to the contract that the sale was contingent on her divorce.  The listing agent suggested that this was a minor change to the contract, but I knew immediately that it was a significant problem.  After reviewing the […]