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Home Pinecrest Florida Real Estate 2010 Market ...

Pinecrest Florida Real Estate 2010 Market Report

Pinecrest Florida is a city within Miami-Dade County; the Pinecrest Florida real estate market was alive and well in 2010, as you can see from this six-year history of key real estate statistics.

2005

2006

2007

2008

2009

2010

<599,999

7

7

5

26

65

60

600,000 – 650,999

10

6

7

9

13

15

651,000 – 699,999

6

11

8

5

4

8

700,000 – 750,999

17

8

11

8

11

11

751,000 – 799,999

9

9

8

8

16

6

800,000 – 850,999

15

12

6

8

12

9

851,000 – 899,999

12

11

9

7

4

3

900,000 – 950,999

13

7

6

6

4

5

951,000 – 999,999

2

13

3

5

0

1

1M – 1.5M

46

47

36

28

26

31

1,500,001 – 1,999,999

9

20

18

8

18

19

2M – 2.5M

10

13

12

11

7

8

2,500,001 – 2, 999,999

10

7

5

3

4

3

3M – 3.5M

3

7

12

2

3

8

3,500,001 – 3,999,999

1

3

2

1

2

1

4M - 4.5M

0

0

2

1

0

0

4.500,001 – 4,999,999

0

0

0

0

0

0

Over 5M

0

1

0

0

0

0

Total Sales

170

181

150

136

179

188

In 2010 more listed single family Pinecrest Florida real estate sold, 188, than in the peak years of the Pinecrest Florida real estate market! Closed sale prices ranged from $240,000 to $3,998,000. Of the 188 sold properties, 27 were short sales, selling from $270,000 to $2,350,000. 13 sales were foreclosed properties selling from $240,000 - $2,050,000. Even though 21% of the Pinecrest Florida real estate sales were distressed sales (short sale/foreclosure); that is better than in Miami-Dade County where as a whole 60% of the sales were distressed sales.

The average sales price of a single family home in the Pinecrest Florida real estate market in 2010 was $1,043,677, compared to 2009 when is was $976,315, that is an increase of 6.9%!

Consistently the $1,000,000 to $2,000,000 price range has been, and still is, a strong price range for the Pinecrest Florida real estate market. The difference in today’s Pinecrest Florida real estate market is that you get more house and/or land for the money than at the peak of the market.

A figure that pops out at me is the 8 homes sold in the $3,000,000 to $3,500,000 range!

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 some property listings, just let me know.

If you are thinking of selling your home, please give me a call TODAY. We’re just entering our spring/summer selling season and as you can see, the market is moving! Let’s get together to discuss the pricing and marketing of your property…and let’s get it SOLD!

Posted Sunday Jan 23