As we wind down the 2014 year, I wanted to continue analyzing the market in the South Florida area, focusing on Pinecrest this week. The Pinecrest real estate market has remained strong, but has increased in inventory slightly, as this graph shows. Inventory a year ago averaged 107 properties, while this year the average is 125. In spite of the higher inventory, the average price per square foot has also grown from $271.33/square foot last year to $331.33/square foot this year. The amount of pending sales are up from 13.33 to 17.33 and the closed sales are up from 11.67 last year to 14.67 this year. Pinecrest has continued to see great growth, with the increase in land sales prices helping to drive this number up. For more information on Pinecrest homes or other South Florida real estate, please contact me at 305.798.8685 or visit my website: Luxury Miami Real Estate.
My focused dedication as a realtor in my home town of Miami for over 20 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.
As the #3 Realtor company-wide at EWM in 2012 with over $55 Million in sales, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!