At the height of the typical summer selling season, there are only 10 homes, out of 147 currently listed, for less than $500,000 in the Village of Pinecrest. None are foreclosures, two are short sales.
Pinecrest, long coveted by families because of great schools, large lots, and plenty of parks and family activities, has an average list price of over $1.6 million for 2012. The average sales price through May of this year is $882,000.
The house pictured below is listed for $360,000 and is the only one under $500,000 in the Pinecrest Elementary School District.