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  • What is Selling in Pinecrest FL – Market Update

    03/18/2017

    What is Selling in Pinecrest FL – Market Update

    What is Selling in Pinecrest FL - Market Update

    Let’s take a look what is selling in Pinecrest FL, so far this year. There has been 34 single family homes sold. The priciest home, sold at $3,300,000, total living area of 8,782, price per square foot was $375.00 and it was on the market for 231 days. The lowest sale price was at $485,000, total living area of 2,176, price per square foot was $223.00 and it was 209 days on the market.

    21 Homes sold under $1 Million.
    8 Homes sold from $1 – $2 Million.
    4 Homes sold from $2M – $3 Million
    1 Home sold for over $3 Million.

    March 17, 2017 Real Estate Statistics:

    ♦Total Active Listings: 187 (up +4% from last year)
    ♦Closed Sales: 34 (Up +17% from last year)
    ♦Average Sales Price: $1,103,551 (Down -20% from last year)
    ♦Total Under Contract: 16 (Down -27% from last year)
    ♦List To Sold Price Ratio: 93% (Same from last year)
    ♦Average Days on the Market: 141 days (Up +27% from last year)

    So far during this moths of March 2017, of the 187 active listing in Pinecrest, there has been a price reduction to 40% of these properties. In some cases the price reduction has been as high as 20-23%. This is a clear indication of how the Real Estate Market is a buyer’s market. With the exception of some properties that are unique or totally updated. Buyers are taking longer and looking closely at the market for the best opportunity when making the final decision. Take a look at the chart below for the top-5 price reduction.

    Top- 5 Price Reduction:

    Address Sale Price Price Changes Living SqFT Bd/Ba DOM
    12001 Pine Needle Ln  $890,900 -23% ($259,100)       4,530       3 / 4   166
    6401 SW 106 ST  $2,750,000 -21% ($750,000)       6,172          6 / 6    543
    10395 SW 67th Ave  $3,990,000 -20% (1,000,000)       10,689         7 / 6      71
    5952 SW 102 ST   $2,999,900 -19% ($690,100)        5,749        5 / 6     166
    6525 SW 131 ST   $995,000 -17% ($205,000)        4,044        5 / 4     523

    Contact me for more information on what is selling in Pinecrest and having your home priced correctly if you are considering selling. And if you are ready to buy, I will help you get the best deal in this great Community of Pinecrest.

    Pinecrest attracts so many local and international buyers that are looking for the best schools, family activities, beautiful and safe surroundings.

    Written by Nicolas Boucher.
    The Pinecrest agent with over 15 years of local real estate experience, specializing in Pinecrest Real Estate. My main objective is providing valuable information to benefit you for the best outcome when selling or buying your home. For a free comparative market report of your home, you can contact me directly at 305-788-8035.

    • With over 20 years of real estate brokerage experience in Miami and internationally, Nicolas Boucher is currently a member of the Chairman’s club, ranked top 1% of associates at EWM.
      Clients know that everything will be taken care of when working with Nicolas Boucher. In addition to having an outstanding reputation for marketing distinguished properties, extensive training and a broad knowledge of the local market, Nicolas is the critical resource for marketing luxury properties.

      Nicolas's relationship with EWM Realty International, a Christie's Real Estate and Berkshire Hathaway Affilliate, expands available offerings through powerful local and global resources. Nicolas's success is in part due to a keen ability to coordinate the details of today’s sophisticated transactions and direct a strong team in all areas - from financing and one-stop-shopping, to the latest online marketing tools. Nicolas Boucher has an established record and is known for discretion and privacy when representing valued clients.

      Languages Spoken: English, French & Spanish

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