August 4, 2023
What a wild ride it’s been for home sales in the Village of Pinecrest over the last five years. Nobody would have predicted that prices would rise and inventory would fall so dramatically in 2022. The trend was a boon for sellers. Effects of Covid on Home Sales in Pinecrest Sales Price and Price per […]
July 28, 2023
There were some huge swings in the Village of Pinecrest single family home sales for 2022. Let’s jump right into the stats. What Numbers Went Up? Average Price per Square Foot (ppsf) was way up from $496 in 2021 to $708 in 2022 to – a whopping 43% increase . Average Sales Price increased from […]
October 15, 2022
Here’s a quick look at the fall stats for sales and inventory in the Coconut Grove condo and townhome market from January through September of this year. Under $500,000 Inventory 43% Increase Sales 43% Reduction $500,000 to $999,999 Inventory 24% Reduction Sales […]
October 6, 2022
As the Miami weather changes, so does the real estate market this fall. We are seeing a slow down in sales as interest rates have doubled over the last six months with a continued low supply of inventory. Over the past four months, 83 single family homes sold in Pinecrest. There are currently 87 homes […]
February 28, 2022
Village of Pinecrest remains a very strong sellers market as February comes to a close. I just wish there were more sellers because I have buyers. Real estate inventory is still dreadfully low, especially under $1 million. There are only 47 homes for sale in Pinecrest with 51 homes currently under contract. In January, 16 […]
February 10, 2022
Trend Setting Year What a spectacular year it’s been for Pinecrest real estate sales. My 2021 Annual Market Report is designed with you in mind, to provide concise comparative data for single-family home sales over a five-year period, from 2017 through 2021. Prices Gone Crazy In 2021, total sales were up 22% and prices soared […]
November 22, 2021
Here's a very interesting comparison of home sale prices in seven of South Florida's finest communities: Palmetto Bay, Pinecrest, Coral Gables, Coconut Grove, Key Biscayne, Miami Beach and South Miami.
October 8, 2021
Miami is the second most expensive housing market in America now, just behind New York. And Pinecrest, our little village tucked away in suburbia, is killing it with average sale prices soaring right along side the rest of the city. There’s still a decreased level of inventory, particularly under $1 million, so the number of […]
September 25, 2021
Are you asking yourself, “Should I rent or sell my home?” In this market, there is no incorrect answer. Inventory is low and prices are up for both sales and leasing. So, as a seller or landlord, you simply can’t go wrong. Here are four important questions to ask yourself before leasing a residential home […]