Village of Pinecrest had royal October single family home sales with 28 closed homes for a total volume of $50,877,900. When compared to October 2019, the number of sales were up over 100% and volume over 150%.
The average price per square foot (ppsf) and average home price have steadily increased and are now at all time highs of $422 and $1,817,068, respectively. Take a look at the impressive October stats in the chart below, where everything is skyrocketing.
Pinecrest is really reaping the benefits of families flocking to our beautiful village for the large lots, open spaces, excellent public and private schools and beautiful parks. And with limited inventory, especially under $1 million, sellers are in the drivers seat, making it difficult for first time home buyers to transition to this wonderful community.
Pinecrest has 122 homes for sale as of the end of November from $770,000 to $9,850,000. Here’s the breakdown of price points.
In the last 30 days, 16 single family homes have closed ranging from $590,000 to $3,550,000.
There are additionally 67 homes under contract so expect a lot of closings in December.
Now is simply a sensational time to sell, especially if your price is under $3 million, the hot market where 50% of the sales are. If you’d like a complementary market analysis of you home, go to https://debrawellins.com/valuation-form or get in touch at 305.898.1852 Wellins.D@ewm.com.
Hope you all had a great Thanksgiving, even under the current circumstances.