As you can see from this six-year history of key real estate statistics, the Pinecrest Florida real estate market, the market in which I specialize in, was pretty stable 2011.
|
Sold Price Range
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
|
|
<599,999
|
7
|
5
|
26
|
67
|
61
|
70
|
|
600,000 – 650,999
|
6
|
7
|
9
|
13
|
15
|
18
|
|
651,000 – 699,999
|
9
|
8
|
5
|
4
|
8
|
12
|
|
700,000 – 750,999
|
8
|
11
|
8
|
11
|
11
|
5
|
|
751,000 – 799,999
|
9
|
8
|
8
|
6
|
6
|
6
|
|
800,000 – 850,999
|
11
|
6
|
8
|
12
|
9
|
8
|
|
851,000 – 899,999
|
10
|
9
|
7
|
4
|
3
|
2
|
|
900,000 – 950,999
|
6
|
6
|
6
|
4
|
5
|
11
|
|
951,000 – 999,999
|
11
|
3
|
5
|
0
|
1
|
0
|
|
1M – 1.5M
|
45
|
36
|
28
|
27
|
31
|
26
|
|
1,500,001 – 1,999,999
|
17
|
18
|
8
|
18
|
19
|
11
|
|
2M – 2.5M
|
12
|
12
|
11
|
7
|
8
|
11
|
|
2,500,001 – 2, 999,999
|
7
|
5
|
3
|
4
|
3
|
4
|
|
3M – 3.5M
|
6
|
12
|
2
|
3
|
8
|
1
|
|
3,500,001 – 3,999,999
|
2
|
2
|
1
|
2
|
1
|
0
|
|
4M - 4.5M
|
0
|
2
|
1
|
0
|
0
|
2
|
|
4.500,001 – 4,999,999
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Over 5M
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Total Number of Sales
|
167
|
150
|
136
|
182
|
189
|
187
|
|
Average Sales Price
|
$1,333,104
|
$1,454,808
|
$1,116,094
|
$976,315
|
$1,039,938
|
$936,586
|
|
Median Sales Price
|
$1,060,000
|
$1,100,000
|
$ 877,500
|
$723,325
|
$ 750,000
|
$675,000
|
People are buying; 187 listed single family homes sold in Pinecrest in 2011. Homes are selling - they just have to be priced right for the location and condition.
In 2011 closed sale prices ranged from $240,000 to $4,000,000. The average sales price of a Pinecrest single family home in 2011 was $936,586.00; that is down approximately 10% form 2010. 70% of the Pinecrest single family homes sold for under one million dollars, 30% for over.
Of the 187 properties sold, 16 were short sales, selling from $240,000 to $1,922,000; 15 were foreclosed properties selling from $270,299 - $1,850,000. 17% of the Pinecrest sales were distressed sales (short sale/foreclosure); in Miami-Dade County approximately 58% of the single family home sales were distressed sales.
We still have a significant number of homes being sold for under $599,999. So if you thought Pinecrest Florida real estate was out of your range – maybe not. If you want me to send you property listings, just let me know by visiting PinecrestListings.com.
As always, if you have any questions, just feel free to give me a call.
Marie Story