A Comprehensive analysis of Pinecrest Luxury Homes – Quarter 2, 2015
The Comprehensive Analysis of Pinecrest Luxury Homes
What is the status of Pinecrest Luxury Homes in Q1 and Q2 of 2015
♦ Average prices ♦ Price changes ♦ Inventory levels
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⇒ The luxury real estate market in Coconut Grove
⇒ The luxury real estate market in Coral Gables
⇒ The luxury real estate market in Ponce Davis
This 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 and Q2 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 (Investors building 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
♦ The Investment value of Pinecrest Real Estate
♦ The Investment Value of building a home in Pinecrest
Months of inventory for luxury homes in Pinecrest
Pinecrest luxury properties have shown higher months of inventory then the Miami average in the last few months although the last month of June 2015 showed a steep decline in inventory.
To compare Pinecrest’s luxury homes with other Miami luxury homes see graph below in section “Comparing the Pinecrest Luxury Real Estate Market“.
Closed sales and Pending sales of Pinecrest Luxury Homes in Q2 2015
In the overview below you can see which Pinecrest luxury properties sold and which ones where under pending sales in Q2 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
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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!
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