Twelve homes sold at an average sale price of $1,435,683 or an average price per square foot (SF) of $323.
When looking at all sales for the month of February, the average sales price per square foot is up 18% from last year. However, there is one sale that tremendously skews the data.
In the chart you will notice the sale of a 2 bedroom, 2 bath cottage on 1.16 acres of prime Northeast Pinecrest real estate. This beautiful oak laden lot sold for $1,350,000 or $828 a square foot. Without this sale, the average sale price per square foot for February is $277, up from $266 per square foot in February, 2013.
I am a Pinecrest luxury residential specialist. If you would like to schedule a buyer, seller or investor consultation, kindly give me a call at 305-898-1852 or send me a note at Wellins.D@ewm.com. It would be my pleasure to provide you with a complementary market analysis of you home.