Pinecrest – October, 2018 Market Snapshot

 
The October, 2018 Market Snapshot for the city of Pinecrest apprises you of current market statistics for real estate in Pinecrest including properties that are currently listed for sale and properties that have sold in the last six (6) months.

If you are considering purchasing real estate in Pinecrest or selling your home in this neighborhood, it is important for you to be fully informed on the present state of the market with regards to price and more specifically, price per square foot.

So, I have compiled statistics from the Multiple Listing Service (the “MLS”) regarding the inventory of single-family homes that are currently listed for sale in Pinecrest. Below, you will find charts highlighting the percentage of homes that are on the market in certain price points and the average price per square foot of these homes listed for sale at this time.

After looking at what is currently on the market, most people ask, “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Pinecrest over the past 6 months, broken down by price per square foot.

Pinecrest Single-Family Homes Currently For Sale (as of 10/16/2018)

Pinecrest Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 10/16/2018)

Pinecrest Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 10/16/2018)

If you are interested in selling your home in Pinecrest, purchasing a home in Pinecrest or simply would like more information about the overall real estate market, please contact Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Note: The MLS data for the information contained herein was retrieved from the MLS on October 16, 2018.