First Quarter Home Prices are Up in Pinecrest

First quarter home prices are up in Pinecrest.  The average sale price of homes for the first quarter was $3,709,806, a 5% increase over last year.  Although prices increased, the average price per square foot was down 7% from $849 in 2024 to $779 in Q1 2025.

Homes are selling at 94% sale price to list price. This means that if you list your home for $5 million, it’s selling on average for $4,700,000.

Another interesting stat that reflects the current market is the number of days homes are taking to sell. Last year, homes were on the market an average of 82 days.  This year, homes are lingering longer, taking 109 days to sell. Why?  Because there are a lot more homes on the market.

Months of Inventory

Last year, between January and March there were 6.5 months of inventory.  This year, there’s almost double that with 11 months of  homes on the market.  Months of inventory is an extremely important market indicator reflecting the number of months it would take to deplete the current stock of homes for sale at the current sales rate, assuming no new listings enter the market.  It measures the relationship between the number of available homes and the rate at which they are sold.

Village of Pinecrest Current Activity

For Sale:  191 homes

Pending Sales:  23

Closed Sales:  53 as of 4/21/25

Maybe you’re thinking of selling. Maybe your wondering what your current home could sell for in todays market.  You don’t have to go it alone.  Let me help you make sense of the Pinecrest market. 

Let’s talk about it. Call 305.898.1852 or just hit REPLY.