March 2, 2015
January was a slow month for single family home sales in The Village of Pinecrest. There were only 13 closings, with a top sale of $2,275,000 and a bottom sale of $540,000. The average sale was $994,000 or $270 per square foot. In reviewing the luxury segment of this market, properties that sold for over $1 million, the average price was $1,351,000 […]
February 22, 2015
I just sold this spectacular acre in the Village of Pinecrest. The developer who purchased it will be building a beautiful contemporary home that will add tremendous value to the neighborhood. This was a challenging acre to sell. Although located in one of the most sought after neighborhoods in Pinecrest, on a no-traffic street with […]
February 17, 2015
The Village of Pinecrest has very few undeveloped parcels of land remaining. Last year, 17 lots were purchased, 6 of which were undeveloped and 11 with tear-down houses that sold for land value only. Developers are chomping at the bit for beautiful parcels of land in prime locations in The Village. The chart below has all the data for 2014 Pinecrest […]
February 10, 2015
The numbers are in for 2014 single family home sales in the Village of Pinecrest. These numbers reflect all sales listed in the MLS but not homes sold by owner. Each year, I brake down Pinecrest sales by quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and […]
January 30, 2015
Same sex marriage became legal in the State of Florida on January 6, 2015. And up until now, gay and lesbian couples had no rights as a married couple, despite being legally wed in other states. There are, however, legal issues that remain unresolved concerning same sex marriage that can and will impact real property and ownership […]
January 28, 2015
The condo market continues to be hot. I represented the buyers in the sale of a two bedroom, two bath waterfront condo on Bay Harbor Island in Miami Beach . This condo sold for a sweet $285,000, a great price for an apartment with bay and city views from every room. The owners are thrilled with their purchase and […]
December 26, 2014
I’ve been reviewing economic outlooks for the national housing industry to see what the experts are saying about bubble trouble for 2015. The “bubble” is an unsustainable rise in prices, often fueled by speculation and lending and characterized by easy credit, irrational exuberance and a rapid rise in prices. Real estate bubbles are measured by a few fundamentals […]
December 22, 2014
I’ve just taken an early look at the 2014 average and median sales of single family homes in the Village of Pinecrest and compared the numbers to last year. To date, 217 homes have sold this year, while at the same time last year, 230 homes closed. In the chart you will see that the number of bedrooms and bathrooms are […]
December 15, 2014
My 1909 pioneer home in South Miami just closed for $425,000. This was a very exciting sale for a number of reasons, the most important of which is that the buyer is keeping the original home and not tearing it down. The new owner, soon to be married, fell in love with this rustic abode on […]