- Best of All
- Best Miami Luxury Condos
- Most popular
- Relocating to Miami
- Private Schools
- Investments
- Gated communities
- Waterfront information
- Luxury homes
- Luxury Condos
- New Construction Condos in South Florida
- Independent Pre-Construction condo reviews for Miami
- Independent Pre-Construction condo reviews for Fort Lauderdale
A Comprehensive analysis of Pinecrest Luxury Homes – Quarter 1, 2015
The Comprehensive Analysis of luxury homes in Pinecrest
What is the status of Pinecrest Luxury Homes in Q1 2015
The Q2 2015 Pinecrest luxury home update
♦ Averages prices ♦ Price changes ♦ Inventory levels
The comprehensive analysis outlines the Pinecrest luxury real estate market. This research focuses on the Pinecrest luxury homes and it includes only those truly luxury properties with a sales price of $2M or more.
Average sales prices per Sq.Ft for luxury homes in Pinecrest – Q1 2015
As can be seen from the graph above, the average sales price per Sq.Ft for Pinecrest Luxury properties has experienced a modest yet steady increase. It is interesting to see that the Pinecrest area is seeing a heavy increase in the number of multi-million dollar sales. As explained in one of my recent blogs, the Pinecrest market has seen a lot of pre-construction homes lately (people rebuilding or remodeling homes for investment purposes) which has increased the amount of homes that are sold for $2M or more. The average sales price for luxury homes in Pinecrest is between $2,5M and $3M.
Click to enlarge
Interesting Reads:
♦ The Investment value of Pinecrest Real Estate
♦ The Investment Value of building a home in Pinecrest
Months of inventory for luxury homes in Pinecrest
Looking at the inventory levels of luxury properties elsewhere in Miami, Pinecrest shows a lower level of inventory for luxury properties (see graph below in section “Comparing the Pinecrest Luxury Real Estate Market“).
The luxury property market always sees higher inventory levels than the more affordable properties therefore numbers here are higher than what you might normally see in our analytical reports. Pinecrest luxury properties however have shown lower months of inventory then the Miami average, in some months even approaching a buyers market (An inventory of 6 months or less)
Closed sales and Pending sales of Pinecrest Luxury Homes in Q1 2015
In the overview below you can see which Pinecrest luxury properties sold and which ones where under pending sales in Q1 2015
Comparing the Pinecrest Luxury Real Estate Market with Luxury Real Estate in other areas
Looking to invest in Pinecrest luxury real estate or would you like to sit down for a more personal approach? Contact me today
FAQ
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
Please fill in your details and David Siddons will contact you
- Get our Newsletter
- Subscribe
- No Thanks
Get the latest news from Miami Real Estate News
Edit Search
Recomend this to a friend, just enter their email below.