Crash, Correction or Continued Growth? | Fort Lauderdale Real Estate Market Report 2022/2023 (Part 3)
Neighborhood Economics for Pinecrest Real Estate – Quarter 1 – 2015
The Pinecrest Real Estate Market in a Nutshell
Get a quick overview of the Pinecrest Real Estate Market
See the quarter 2, 2015 update
The Pinecrest Real Estate Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Pinecrest Real Estate Market – This Pinecrest home on SW 106 ST sold for $4M in the first quarter of 2015
The neighborhood economics blogs are excellent to gather a pulse on the Pinecrest Real Estate Market as we provide the market’s key indicators. This blog focuses on the last 3 months of Pinecrest Real Estate Data and is updated every quarter. All Data are derived from the MLS South Florida
Data are given for Pinecrest Homes in the price ranges of:
- $500,000 – $1M
- $1M – $2M
- $2M +
Summary of the Pinecrest Real Estate Market– Q1 2015
$500,000 – $1M
Within this price range we saw a pretty stable Q1 without much change since Q4 of 2014. Inventory levels have slightly gone up, but the market is still a sellers market (6 months or less of inventory). Even though this market is favorable for sellers, prices have decreased (albeit minimally).
$1M – $2M
In the $1M – $2M range less properties were on the market while more properties where sold resulting in the market moving from a buyers market (9 months + of inventory) to a neutral market (6-9 months of inventory). Prices remained stable over Q4 2014 and Q1 2015 at an average of $305 per Sq.Ft
$2M +
The inventory levels in this market rose considerably due to more properties being for sale and less actual sales. While January and February showed extremely high numbers of inventory, March showed a number of 19.7. This is nothing to worry about so far, numbers tend to increase or decrease drastically in a relatively small market like Pinecrest. Q1 2015 saw an increase in sales prices per Sq.Ft compared to Q4 2014.
Follow us every quarter to look for trends!
For Sale vs Sold Properties in Pinecrest
Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image
Pinecrest Real Estate Market of $1M- $2M
click to enlarge
Pinecrest Real Estate Market of $2M+
The Months of Inventory of Pinecrest Homes
Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image
Rules of Thumb
Buyer’s market: more than 9 months of inventory based on closed sales
Seller’s market: less than 6 months of inventory based on closed sales
Neutral market: 6 – 9 months of inventory based on closed sales
Pinecrest Real Estate Market of $1M- $2M
click to enlarge
Pinecrest Real Estate Market of $2M+
The Sales Prices for Pinecrest Homes
Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image
Pinecrest Real Estate Market of $1M- $2M
click to enlarge
Pinecrest Real Estate Market of $2M+
Read our Quarterly Neighborhood analytics for:
♦ Aventura
♦ Bal Harbour
♦ Brickell
♦ Coconut Grove
♦ Coral Gables
♦ Downtown / Midtown Miami
♦ Fisher Island
♦ Key Biscayne Condos / Key Biscayne Homes
♦ Miami Beach Condos / Miami Beach Homes
♦ Pinecrest
♦ South Beach Condos / South Beach Homes
♦ South Miami
♦ Sunny Isles
Meet the team and see our unique insights into the Miami Real Estate Market
No generalized opinions but an analytic approach
Preferred agents of First time buyers, Sellers, Investors and Wealth Managers
Pinecrest homes for sale
New Homes for Sale in Pinecrest
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
-
Analytical
Over 100 reports produced to date
-
Knowledgeable
Over 1800 published articles and counting
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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
Close
Edit Search
Close
2 of 14
Email to a Friend
Recomend this to a friend, just enter their email below.
Close
Your email was sent succesfully
Close
COMPARE WITH CONDOGEEKS