Pinecrest Homes For Sale – The Investment Value of Pinecrest Real Estate
Investing in Pinecrest Real Estate
An Independent guide to the value of Pinecrest Homes for sale
Pinecrest is located just south of Coral Gables and West of Old Cutler Road and is known to be one of Miami’s most desired neighborhoods. The Pinecrest Real Estate Market is dominated by Single Family homes and attracts mainly families with (younger) kids.
Map of Pinecrest
An important factor in the desirability of Pinecrest Homes for sale is the presence of many “A”Rated public schools in the area. Parents like to provide their kids with the best education possible, while avoiding the pricier private schools in Miami. When looking to buy or to rent in Miami, Pinecrest is often a place of preference for families who want to live in this area to qualify for Pinecrest’s excellent school district.
Furthermore, Pinecrest is very much in demand with families as the area offers large lots and many parks.
Read our Investors Guide to Pinecrest Real Estate – Q1 2015 Update here
What did the market do in the last 6 months | Inventory levels and price changes for different budgets
Investing in Pinecrest Real Estate – The Average Sales Prices
Pinecrest homes have seen a steady increase in the sales prices per Sq.Ft in the last 4 years. The Investment value of Pinecrest homes for sale increased by $65 per Sq.Ft.
The actual sales prices have also been increasing with a slight decrease in the first quarter of 2015.
Investing in Pinecrest Homes – What are the values compared to other Miami Areas
Despite increasing values, investing in Pinecrest Homes is still more affordable than investing in any of the other much desired Miami areas such as Coral Gables or Coconut Grove.
Looking to Invest in Pinecrest Real Estate and renting your property out? These are the rental prices of Pinecrest in the last 6 months. Even though Pinecrest Homes for sale are more affordable than areas such as West Coral Gables, South Miami and Ponce Davis, rental prices are showing a better or equal return on investment
Investing in Pinecrest Real Estate – Low Inventory Levels
Pinecrest shows a very neutral or balanced market that tends to go towards a sellers market.
Inventory levels are expressed in a number of months and this important Real Estate indicator shows the amount of months it takes to sell all current listings if no new listings would enter the market.
♦ < 6 Months ⇒ Sellers Market (Favorable for sellers as there is lack of inventory)
♦ Between 6 − 9 Months ⇒ Neutral Market (A Very well Balanced Market)
♦ > 9 Months ⇒ Buyers Market (Favorable to buyers as there is an oversupply on the market)
Please Read our Pinecrest Neighborhood Analytics for Inventory levels and prices in Pinecrest during Q1 2015 (Provided for homes of different budgets)
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No generalized opinions but an analytic approach