July 9, 2013
Pinecrest sales were robust in the second quarter compared to the first. Eighty six homes sold in the second quarter while only 34 homes sold in the first. Take a look at the charts below to compare the high, low and average sales in the Village of Pinecrest for the first and second quarters. Except […]
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 […]
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 18, 2013
Condos with a waterfront view are selling on Key Biscayne. Twenty seven properties have closed in the last 105 days at or above $1 million and 24 of these were waterfront. The Grand Bay had the highest sale at $5,750,000 ($1,195/square foot) for a 5 bedroom 3.5 bath condo, with 4,810 square feet of living […]
June 10, 2013
I’m not talking The Davinci Code here folks. However, if you don’t have it, you’re dead in the water. This is probably the most important piece of advice I can give the buyer who is making an offer on a luxury property with sophisticated home automation. You must have the Source Code or you can’t […]
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 25, 2013
The luxury residential market is healthy with 38 homes selling at $2 million and up. Since January, 11 homes in Pinecrest, 10 homes in Coral Gables and 17 homes in Coconut Grove have closed, 21 of which are waterfront. *Some Nice Features* Most of these high-end homes have what you would expect: gourmet kitchens, luxurious […]
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 […]