If you price it right – they will buy. As with all properties; properly pricing a property was key in the 2007 new homes sales market in Pinecrest. I have just finished a market study of new homes sales in Pinecrest and found that 18 new homes were sold in 2007. The highest price per adjusted square foot, as per the Miami-Dade county tax rolls, was $498.75, the lowest $242.46 with an average price of $377.96 per adjusted square foot. The sales price of a new home in Pinecrest ranged from $1,800,000 to $4,000,000 with an average sales price of $3,193,315.
Important factors in the new home sales market are location, quality and amenities. Features that were once optional such as top of the line kitchen appliances, elevators, large master suites with beverage centers and a minimum of a three car garage are now expected in these upper priced estates.
As always, if you have any questions, please feel free to give me a call at 305-776-0010
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