Pinecrest, FL

Pinecrest Florida Real Estate Sales Transactions

The Village of Pinecrest Florida is a beautiful eight square mile city within Miami-Dade County.

Homes Sold in Pinecrest last month; click here for pictures and details.

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.

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.

10 homes sold in Pinecrest in December.

The lowest closed sale price was $451,050 and the highest was $2,300,000.

As of December 31st there were 151 Pinecrest FL homes for sale with 35 homes under contract pending sale.

Happy New Years To All!

Pinecrest is best in South Florida for quality of life.

South Florida Business Journal by Kevin Gale, Editor in Chief

Date: Tuesday, December 6, 2011, 2:38pm EST

Pinecrest, Key Biscayne, Parkland, Coral Gables and Weston are among the 10 best places in Florida when it comes to quality of life, according to a new On Numbers analysis by The Business Journals.

The 20-part rating formula includes strong economic bases, housing stocks and effective educational systems.

No major city factored in the top 10 of the index for Florida. Weston, with a population of 64,148, was the largest city.

Pinecrest, which ranked second statewide behind Central Florida's Lake Butler, has a median household income of $107,756 and a 2.34 percent unemployment rate for those ages 25 to 64. The median housing value is $827,200.

Nearly all of the adults in the city (97.13 percent) have a high school degree, while more than two-thirds (67.04 percent) have a bachelor's degree and a one-third (33.59 percent) have an advanced degree.

Latin Spice – The Hottest Food Festival in Town!

Saturday, December 10, 2011

Pinecrest Gardens ~ 11000 SW 57th Avenue, Pinecrest (Miami) Florida

Latin Spice Festival Part 1: Noon - 6:00 p.m.

25 booths featuring delicious Latin Cuisine

(Cuba, Mexico, Brazil, Puerto Rico, Nicaragua, Venezuela, Colombia, etc)

Wine and Spirits from Latin America

Shop the colorful displays of arts and crafts

Enjoy a day of music, dancing and entertainment

Play dominos

Cigar Rolling

Best Dish in Show Competition

General admission $5 ~ Children 12 and under free

Latin Spice Part 2: 6:30 p.m. ~ ?

Chino Nuñez Orchestra "In the Spirit of Salsa"

Party On ~ Hot Dancers and Hotter Music ~ Bring Comfortable Shoes! The evening heats up as Grammy Award Winner, “Chino” Nuñez and his Salsa Band set the state on fire performing “In the Spirit of Salsa”, with a special dance presentation from "The Casa Salsa Dance Company" led by Chris & Monica Espinola. It's like a night at the Tropicana.

Tickets for this extraordinary show are $25

(includes admission to the food festival above)

See you there!