Pinecrest Florida Market Conditions
By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
We are still in a declining market here in Pinecrest but not as a steep decline as was seen in 2006. Here are some quarterly figures I want to share with you: January - March: 35 homes sold with an average price of $1,422,624 price per s.f. $335.93 April - June: 44 homes sold with an average price of $1,393,122 price per s.f. $308.98 July - Sept. 14th: there have been 34 homes sold with an average price of $1,293,544 price per s.f. $293.46 As you can see, the sales price and price per foot are still coming down put steadily every quarter more homes are selling. Buyers, this is a real good time to be buying. There are some good homes for sale and there is more negotiating room. Sellers, in this market you either have to have your home in turn key condition or you will need to make adj...
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