Pinecrest FL Real Estate 2011 Year End Market Report

By
Real Estate Agent with Coldwell Banker - Pinecrest (Miami) Broker 3058544

As you can see from this six-year history of key real estate statistics, the Pinecrest Florida real estate market, the market in which I specialize in, was pretty stable 2011.

 

Sold Price Range

2006

2007

2008

2009

2010

2011

<599,999

7

5

26

67

61

70

600,000 – 650,999

6

7

9

13

15

18

651,000 – 699,999

9

8

5

4

8

12

700,000 – 750,999

8

11

8

11

11

5

751,000 – 799,999

9

8

8

6

6

6

800,000 – 850,999

11

6

8

12

9

8

851,000 – 899,999

10

9

7

4

3

2

900,000 – 950,999

6

6

6

4

5

11

951,000 – 999,999

11

3

5

0

1

0

1M – 1.5M

45

36

28

27

31

26

1,500,001 – 1,999,999

17

18

8

18

19

11

2M – 2.5M

12

12

11

7

8

11

2,500,001 – 2, 999,999

7

5

3

4

3

4

3M – 3.5M

6

12

2

3

8

1

3,500,001 – 3,999,999

2

2

1

2

1

0

4M -  4.5M

0

2

1

0

0

2

4.500,001 – 4,999,999

0

0

0

0

0

0

Over 5M

1

0

0

0

0

0

Total Number of Sales

167

150

136

182

189

187

Average Sales Price

$1,333,104

$1,454,808

$1,116,094

$976,315

$1,039,938

$936,586

Median Sales Price

$1,060,000

$1,100,000

$  877,500

$723,325

$   750,000

$675,000

 

People are buying; 187 listed single family homes sold in Pinecrest in 2011.  Homes are selling - they just have to be priced right for the location and condition. 

In 2011 closed sale prices ranged from $240,000 to $4,000,000.  The average sales price of a Pinecrest single family home in 2011 was $936,586.00; that is down approximately 10% form 2010.  70% of the Pinecrest single family homes sold for under one million dollars, 30% for over.

Of the 187 properties sold, 16 were short sales, selling from $240,000 to $1,922,000; 15 were foreclosed properties selling from $270,299 - $1,850,000.  17% of the Pinecrest sales were distressed sales (short sale/foreclosure); in Miami-Dade County approximately 58% of the single family home sales were distressed sales. 

We still have a significant number of homes being sold for under $599,999.  So if you thought Pinecrest Florida real estate was out of your range – maybe not.  If you want me to send you property listings, just let me know by visiting PinecrestListings.com. 

As always, if you have any questions, just feel free to give me a call.


Posted by

Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 23rd Year in Real Estate

Coldwell Banker 

12651 Pinecrest Parkway (US1)

Pinecrest (Miami), FL 33156

305-776-0010

Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

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Anonymous
Sandra, Pinecrest

Marie this is very interesting and informative, thank you for sharing and best of luck to you this year.

Jan 28, 2012 06:12 AM #1
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