June 5, 2017

Plenty of Pinecrest Homes for Sale but Slow to Sell

There are plenty of single family Pinecrest homes currently on the market, 205 to be exact. The average list price is $2,354,283 or $411/SF.  But, there is a big discrepancy between the offered price and sale price. Since January this year, a total of 77 homes have sold with an average sale price of $1,245,886 or $305/SF. These homes […]
March 13, 2017

Pinecrest Real Estate – Market Recap of Land Sales in 2016

The Village of Pinecrest land sales were relatively stable in 2016. Although it took longer to move Pinecrest real estate last year, prices were up. Market Recap of Land Sales A total of 14 properties sold last year in Pinecrest, most between 3/4 of an acre and 1.25 acres, averaging $1,031, 921 per sale or $26 a square foot (SF). […]
March 5, 2017

Village of Pinecrest 2016 Annual Market Report

                                          Jump in and enjoy my Village of Pinecrest 2016 Annual Market Report – the most comprehensive analysis of single-family home sales in Pinecrest. Sales data is divided into quadrants, with SW 112th Street representing the division between north […]
February 19, 2016

Village of Pinecrest Land Sales – 2015 Market Report

What’s Happening with Undeveloped Land In Pinecrest? Last year, 16 parcels of undeveloped land sold in the Village of Pinecrest. An additional 8 lots with tear-down houses sold for land value only.  (These statistics are included in my 2015 single-family home sales report.) Seven sales were west of 77th Av with an average sale price […]
February 18, 2016

Pinecrest Home Sales 2015 – The Annual Report

                    Each year, I create a comprehensive market report that subdivides single-family home sales in the Village of Pinecrest into quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and west. (See map below). These numbers reflect […]
October 5, 2015

Q3 Hot Markets in the Village of Pinecrest

The luxury market in the Village of Pinecrest continues to thrive in the $1M to $1.4M price range.  Out of 30 single family home sales, almost half the sales were in this pocket.  The balance of sales fell between $1.5M and $2.9M. When comparing high-end sales for the third quarter of 2015 to 2014, the numbers are stable. However, sales under […]
October 4, 2015

Pinecrest – 3rd Quarter Sales 2015

Single family home sales are steady and stable in the Village of Pinecrest.  The chart compares the third quarter of this year to third quarter sales in 2014 and there are a few surprises. The average luxury home sale price is up a mere 2% as is sales under a million at 2.5%.  The average sale price per square foot is up 6% in […]
October 3, 2015

Update on Devonwood Sales

Devonwood is a very desirable community in the Village of Pinecrest located off Ludlam Road between 131 St and 136 St.  Many of us call it the Coconut Grove of Pinecrest because the streets and homes are so beautifully shaded by towering oaks, mature trees and lush tropical landscaping. The lovely and prestigious enclave of Devonwood has had only three sales since January of this year.  […]
August 30, 2015

Village of Pinecrest Acre Sales

In the Village of Pinecrest, 13 acre parcels of land this year have transferred ownership.  Five lots were exclusively land sales and eight were homes on acres that sold for land value. Here’s the break down. Land Sales: Total 5 When looking at land values, the actual sale price is less significant than the sale price per square foot ($/SF) because parcels very in […]