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550 South Dixie Highway
Coral Gables, FL 33146
I’ve noticed an incredible increase in activity in Pinecrest recently. And the numbers from April really show this off well, too.
There were 103 active listings priced up to $999,999 in Pinecrest in April – down from 117 listings in March. That’s a 12% decrease! We had 19 homes in this price range pend in April, with 5 closings. However, all of the closed sales were priced below $600,000.
Unfortunately, the average price per square foot is still coming down a bit – based on the 4 closings last month, we are currently at $184/square foot.
Don’t let that get you down though. This market is definitely starting to turn around – the number of sales is starting to rise, inventory is creeping down, and I’m confident that we are coming out of this bad real estate market soon.