South Florida Real Estate
Archive for the 'Pinecrest' Category
Situated in the front portion of a deep, corner lot in Pinecrest, Florida, 5995 SW 91 Street is a 4 bedroom 3 and a half bath home with plenty of space both inside and out. The rooms are spacious and the pool and back yard are absolutely gorgeous for spending afternoons and weekends. Take a look at this virtual tour and imagine yourself home!
We had a delicious meal at this tiny little jewel, in a strip center in the Village of Pinecrest. They have an extensive menu that includes many vegetarian options, which is a must when eating out with my daughter. We started with two different lentil dishes Daal Waada and Daal Maakni, both delicious. My daughter had the Baingan Bharta, an eggplant dish and my son, husband and I shared the lamb special and the mango chicken curry. I can’t wait to go back and try the lobster!
I usually save my market updates until the end of the quarter, but with so much activity going on I figured I should write a quick snapshot in case you are thinking of buying or selling a home in the next couple of months.
Since January first of this year, there have been 58 new listings of single family homes for sale in Pinecrest. Out of those new listings, 13 are already under contract, two are short sales and one is a foreclosure. A total of 17 homes have gone under contract since January first and there has been one closing, which is pictured above. The majority of the pending sales were for homes under $1,000,000. Six of them are short sales and one is a foreclosure.
If you are thinking of selling, now is the time. There are buyers out there looking and if your property is priced right, it will go under contract quickly. If you are a buyer who has been looking for a while, don’t hesitate in making a solid offer when you see the house you like.
Happy 2014! Add attending one of these cultural events to your 2014 Resolution List. They take place in spectacular venues that many of us take for granted and help promote the arts throughout Miami-Dade County.
Miami’s cultural season did not end with Art Miami and Art Basel, it merely took a small break for the holidays and is now back in full swing. Whether you like art, music, or theater, you are sure to enjoy.
Young Arts Week January 6 -12
Fairchild’s Garden Music Festival January 9-19
PAMM second free Saturdays January 11, 10:00 a.m-6:00 p.m.
Pinecrest Garden’s Jazz In The Gardens January 11, 8:00 p.m.
Pinecrest Garden’s Fine Arts Festival January 11 & 12 10:00 a.m-5:00 p.m.
Miami International Art Fair January 17-20
Beaux Arts Festival January 18 & 19
“The Complete Works of William Shakespeare” (comedy) at Pinecrest Gardens, January 24-26
Realty Trac’s November Foreclosure Market Report shows that foreclosure start in Florida dropped 18.02% from the previous month and a whopping 45.9% drop year-over-year; completions were down 2.72% month-to-month and 15.59% from previous year; and overall foreclosure activity was down 15% and 23% respectively.
These decreases show that the foreclosure crisis is almost over, but the Florida still leads the nation in foreclosures, with one in every 392 homes getting a foreclosure filing and Miami is one of the highest cities with foreclosures in Florida. There are currently 617 Miami-Dade foreclosed homes listed on the MLS.
Okay, it is another beautiful, hot, Miami day in December with lots going on. If you are not busy and are looking for a new home for 2014, take a look at some of these open houses in the Village of Pinecrest.
One of my favorites, is the house pictured below. It is a 1926 Old Spanish style home on a lushly landscaped corner lot. It is also one of the few homes in Pinecrest with a separate guest house.
November was a busy month in Pinecrest. There are currently 127 listings on the market, 18 of which were added to the MLS in November. There are a total of 42 listings under contract, 12 that went pending in November. 14 properties closed in November out of a total 227 sales to date for 2013. The highest sale for November is pictured above. It closed for $3.175 million. Coldwell Banker was the listing broker and EWM was the selling broker.
The highest priced sale so far this year was 6500 SW 98 Street, which was listed by the Campins Group and sold by Shelton and Associates.
Another banner week at EWM, with our Coral Gables office sales for the week totaling over $23,000,000 and our Miami Beach office totaling over $12,000,000!
EWM’s Gables office had 24 sales, with 7 going at or above asking, and 23 new listings, 6 of which are foreclosures.
Sales are going strong due to a still- limited inventory and strong demand from buyers trying to get into the market.
Okay, we are starting to get busy toward the end of November with Thanksgiving and all of December’s holidays, so here are 5 things to do in South Florida this month.
- Fairchild Ramble November 8-10 at Fairchild Tropical Gardens
- Vizcaya to North Grove Bicycle Tour November 11 at Vizcaya Museum and Gardens
- Seraphic Fire at First United Methodist Church November 16
- Miami Book Fair International November 17-24
- Masquerade Ball in the Gardens November 23 at Pinecrest Gardens