Real Estate Market Reports for Pinecrest, Coral Gables, Palmetto Bay

Real Estate Market Reports for Pinecrest, Coral Gables, Palmetto Bay.

This is the Miami Real Estate Market Report for the last quarter of the Year.  I would agree 2008 was a year of many challenges Indy Mac, countrywide, Lehman Brothers all filed for bankruptcies ,the price of gas nearly went up to 4.00 dollars and unemployment rate rose. We also witness Miami Foreclosures increasing at a rate of nearly 50 % experts say 2009 will be another year of foreclosures. But as it was a challenging year for many others like Real Estate investors and first time home buyers began to purchase Miami Real Estate and luxury homes. New Luxury homes that were built early in 2006 were also affected due to the Real Estate Market. But prominent areas such as Pinecrest, Coral Gables and Palmetto Bay have been impacted due to the Real Estate Market but experts say the Prices are going to stabilizing late next year.

Every month my Real Estate Monthly Report is being published in the web. IF you would like to know about another area or neighborhood I didn't cover please email me.

Village of Pinecrest Real Estate Market Report.

There are currently 245 listings in The Villlage of Pinecrest.

• 1. Highest priced listing is 6,999,000 ( located at 6500 SW 98 street)
• 2. Lowest Priced listing is 259,000 ( Foreclosure located at 7820 sw 110st)
• 3. Pending Sales 32 homes Highest 3,350,000 lowest 317,900
• 4. Closed Sales in 2008 132 ( 6 sales in the past month)

In the last 30 days the highest sale has been for 2,775,000 for the property located at 11800 sw 69 ave that was originally listed for 3,845,000. The average sale price in Pinecrest  is 1,035,000.

Pinecrest still remains a sought out and highly demanded area for many investors and Home buyers.

Coral Gables Real Estate Market Report.

There are currently 570 single family home listings in Coral Gables Florida:

• 1. Highest priced listing is for 24,500,000 ( 620 Arvida PW ) the property is still under construction but it is breathtaking with many details.
• 2. Lowest Priced listing is listed for 84,500 it is a tear down home.
• 3. Pending Sales ( 61)
• 4. Closed Sales (316 homes have closed in 2008) ( 15 homes have closed this month)

The highest priced listed that sold this month was 105 Paloma Dr the home was  listed for 5,795,000 and it closed at 4,893,000

Palmetto Bay Real Estate Market Report

There currently 275 single family home listings in Palmetto Bay Florida

• 1. The highest priced home is for 2,600,000 ( 14201 Old cutler Rd)
• 2. Lowest Priced home is for 74,290 ( 16915 sw 93 ave)
• 3. Pending Sale (26)
• 4. Closed Sales ( 180 homes closed in 2008 ) ( 30 homes closed in Nov. 2008 with the highest price sale at 490,000 it was listed at 545,000)

  Ready to buy a Miami Luxury Home ? Contact Global Market Realty today. We have several Miami Luxury Homes  for sale in , Search the MLS for foreclosures in Pinecrest, Coral Gables, Palmetto Bay .  Do you want more information on a second home or a vacation home In Miami please contact us at                             305 364 0037