Pinecrest Florida Real Estate and More...: Pinecrest FL 6 Month Market Update

Pinecrest FL 6 Month Market Update

 

A client of mine just asked me:

How have home sales been in Pinecrest in the past few months?  Adriana

So, I thought I would give everyone a market update.  In the past 6 months we have been averaging 17 closed transactions/sold homes per month with an average sales price of $1,040,163 and 13 months of inventory.  Six months of inventory indicates a stable market, less than that a Sellers Market, more than that a Buyers Market.  

My last two Pinecrest, FL listings were on the market and average of 21 days; the market is moving.  This tells me two things, first, there is money out there for qualified Buyers, neither one of these Buyers had any problem obtaining a mortgage.  Second, there are still quite a few overpriced listings.  The Buyers are out there, but the properties have to be priced correctly for today’s market.

 

Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 21st Year in Real Estate

Coldwell Banker 

12651 South Dixie Hwy

Pinecrest (Miami), FL 33156

305-776-0010

Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

Comment balloon 0 commentsMarie Story • October 04 2010 12:43PM

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