PineCrest Update March 2010
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Transcript of PineCrest Update March 2010
PINECREST UPDATEMARCH 2010
What's Happening in your area?
Jason PappasRealtor AssociatePhone: (305) [email protected]
NO MORE WINTER!
Jason PappasRealtor AssociatePhone: (305) [email protected]
This winter has been hard on everyone. From January to March we had the 9th coldest winter ever recorded for Miami and it seemed like it would never end. With several beautiful days of sunshine behind us and countless others to come as spring and summer begins, it appears we are back to our normal South Florida weather.
What’s even better news is the increase in activity in the real estate market. February emulated the weather we were experiencing with only 5 closed sales. March on the other hand decided to make up the difference by closing 3 times as many for a total of 15 closings at an average price of $1,464,467.
2006-2009 Pinecrest
Year
Average Selling Price
Selling Price Per
SQFT
Average Number
of days on Market
# of Properties
Closed
2006 $1,344,659 $339 82 184
2007 $1,454,808 $311 125 150
2008 $1,116,094 $260 156 136
2009 $982,605 $224 153 179
2010 $1,156,486 $236 209 35
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in Pinecrest
2006 2007 2008 2009 2010 (Projected)125135145155165175185195205215225
Jason PappasRealtor AssociatePhone: (305) [email protected]
2006 2007 2008 2009 2010 $600,000 $700,000 $800,000 $900,000
$1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 $1,500,000 $1,600,000
Average Selling Price In Pinecrest
Jason PappasRealtor AssociatePhone: (305) [email protected]
Jason PappasRealtor AssociatePhone: (305) [email protected]
By the Numbers:Pinecrest Closed From
December 2009 – March 2010Closed Price All NW NE SW SE
Number Closed 47 14 9 18 6Average Selling $1,032,926 $1,039,072 $1,770,444 $747,028 $770,000
High Price $3,275,000 $3,200,000 $3,275,000 $2,350,000 $1,125,000 Low Price $240,000 $450,000 $645,000 $240,000 $555,000
Total Volume $48,547,500 $14,547,000 $15,934,000 $13,446,500 $4,620,000 Avg Price per sqft $223 $226 $279 $196 $206
Jason PappasRealtor AssociatePhone: (305) [email protected]
Where Are People Buying In Pinecrest
NW, 3
NE, 3 SE, 2
SW, 7
March Closed Sales
NW NE SE SW Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in NW Pinecrest (March)
ADDRESS SSL REO LA SF SP$Closing
Date #GAR BEDS FB HB POOL SP$/SqFt
7225 SW 104 ST N N
9,119
50,965 $3,200,000 3/12/2010 3 7 8 1Y $351
10601 SW 73 CT Y N
2,470
15,840 $457,000 3/29/2010 0 3 3 0Y $185
7080 SW 107 TE N N
2,723
16,860 $560,000 3/29/2010 2 4 2 0Y $206
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in NE Pinecrest (March)
ADDRESS SSL REO LA SF SP$ Closing Date #GAR #BEDS #FB #HB POOL SP$/SqFt
5825 SW 93 ST N N 8,225
39,204 $3,250,000 3/12/2010 3 7 5 2Y $395
9330 SW 59 PL N N 9,035
41,041 $2,500,000 3/24/2010 3 6 7 1Y $277
9881 W SUBURBAN DR N N
8,521
40,075 $3,275,000 3/26/2010 4 8 8 1Y $384
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in SW Pinecrest (March)
ADDRESS SSL REO LA SF SP$Closing
Date #GAR #BEDS #FB #HB POOL SP$/SqFt
12591 SW 82 AV N N 2,215
15,511 $390,000 3/2/2010 2 4 2 0N $176
13101 SW 80 AV N N 3,185
21,148 $675,000 3/2/2010 2 4 3 0Y $212
11400 SW 67 AV Y N 9,175
45,302 $2,350,000 3/5/2010 3 6 7 1Y $256
11825 SW 80 RD N N 2,150
41,774 $425,000 3/12/2010 1 2 1 0Y $198
7479 SW 124 ST N N 7,149
41,817 $1,965,000 3/15/2010 3 6 5 1Y $275
8031 SW 122 ST N N 3,562
40,075 $735,000 3/24/2010 2 4 3 0Y $206
12895 SW 75 AV N N 3,016
17,032 $565,000 3/31/2010 2 4 2 0Y $187
Jason PappasRealtor AssociatePhone: (305) [email protected]
Closed Properties in SEPinecrest (March)
ADDRESS SSL REO LA SF SP$ Sold #GAR #BEDS #FB #HB POOL SP$/SqFt
12301 SW 64 AV N N 3,117
47,480 $770,000 3/12/10 0 4 3 0Y $247
6465 S MITCHELL MANOR CR N N
3,732
37,897 $850,000 3/31/10 2 5 4 0N $228
Jason PappasRealtor AssociatePhone: (305) [email protected]
Why are Prices so low?
2005 2006 2007 2008 2009 -
10,000 20,000 30,000 40,000 50,000 60,000 70,000
7,829 9,814
26,391
56,656 64,001
Number of Foreclosure filings in Miami-Dade County
*Information from Miamidade.gov
Jason PappasRealtor AssociatePhone: (305) [email protected]
Foreclosures and Short Sales Closed December 2009 –
March 2010
29
36
Pinecrest
ForeclosuresShort SalesNormal
Jason PappasRealtor AssociatePhone: (305) [email protected]
Active Foreclosures and Short Sales
16 1
188
Pinecrest
Short SalesForeclosuresNormal
Jason PappasRealtor AssociatePhone: (305) [email protected]
Jason PappasRealtor AssociatePhone: (305) [email protected]
Miamidade.gov http://sef.mlxchange.com
References