Pinecrest Florida Real Estate Report - August 31, 2009
Currently there are 211 homes for sale in Pinecrest Florida.
42 homes are under contract schedule to close.
In August 18 contracts were closed/sold.
August’s highest sale was for $2,325,000 lowest was for $270,000
Every once in a while I'll get a call from a Pinecrest FL homeowner wanting me to go over and list their home because their agent hasn't gotten it sold. Today I am once again confronted with the task of telling a homeowner their listing hasn't sold because it is overpriced for today's market. I let them know that they might not like what I have to say, but it will always be the truth; and usually presented in black and white.
Some agents will take any listing at any price to get their name out there; reasoning that it is "free" advertising and you just never know, someone might call you. It has happened to me, I have gotten many clients off of sign calls. And yes, there are homeowners that will shop agents to see who will list their property at the highest price.
But I just can't take an overpriced listing though. I just can't in good conscious tell the homeowner and the public that I feel this property is worth what I've listed it at, if it's overpriced.
What is your policy on taking an overpriced listing?
Pinecrest FL foreclosures are not easy to come by. When we do have a Pinecrest FL foreclosure it is usually snapped up very quickly. I am going to give you a snapshot of what the Pinecrest FL foreclosure market is like today, August 20, 2009.
Today there is only one Pinecrest FL foreclosure on the market. It's a 4 bedroom, 2 bath, double garage, 3,343 square foot home with a pool on a 37,635 square foot lot; priced at $602,900. It's in the Palmetto Elementary School district.
Currently there are 7 Pinecrest FL foreclosures under contract pending closing priced from $218,500 to $899,999. This year there have been 16 Pinecrest FL foreclosures to have been closed/sold ranging in price from $250,000 to $608,000.
If you are interested in the Pinecrest FL foreclosure market let me make a couple of suggestions to you. First, act fast. Second, have your financing in place or a letter of proof of funds, if you're making a cash offer, in hand.
Email me and tell me a little about what your looking for, I will then put you on my auto-search program so that when a Pinecrest FL foreclosure comes on the market you will have that listing emailed IMMEDIATELY to you.
I you have any questions, please contact me "Your Pinecrest Specialist".
Today I was surprised to have been informed that I am one of the top 1,000 Sales Associates for NRT. NRT operates under the banners of Coldwell Banker, ERA, Sotheby’s International Realty and The Corcoran Group.
"Perseverance. Determination. Resourcefulness…earned you the distinction of being named to NRT's Top 1,000 Sales Associates…Thank you for all you do to serve as a role model for both our company and our industry."
The full letter can be found here.
Here’s more evidence that housing is turning around. Forbes magazine identified 161 of the country’s largest metro areas where sales activity has increased compared to 2008, and where foreclosure sales as a percentage of total sales, are low.
The magazine considers these markets as on the road to recovery.
1. Miami-Ft. Lauderdale, Fla.
2. Lincoln, Neb.
3. Colorado Springs, Colo.
4. Salem, Ore.
5. San Luis Obispo, Calif.
6. Bremerton, Wash.
7. Denver, Colo.
8. Redding, Calif.
9. Santa Barbara, Calif.
10. San Jose, Calif.
Link to article: Market Recovery
Source: Forbes, Matt Woolsey (08/13/2009)
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I specialize in the Pinecrest FL residential real estate market. If we can't find your home in Pinecrest, I can certainly help you in Palmetto Bay, The Falls or Coral Gables.
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