Typically we are finding the market to have leveled out after great growth in the past couple of years, but what is Pinecrest experiencing? I looked at the Pinecrest home market between $1,000,000-$2,000,000, comparing this past quarter and the same quarter last year. I found that inventory is up 16%, which is good because we were slightly off balance last year with a lack of inventory. You have heard me say many times that a balanced market is one with an inventory of 6-12 months. We are just over 12 months at this time. Sales and pending sales are both up 20%. Price per square foot, which is not shown on this graph is neutral at about $300/square foot. This is all good news. The market has gained it’s footing, but not seeing the exorbitant growth we were.
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!