Pinecrest Sales Still Strong but Less than Q2 2021
The third quarter of Pinecrest sales remains very strong compared to the same time last year. However, it is important to see the performance compared to Q2 of this year, 2021. While Pinecrest is performing better than Q1 of 2021, we are seeing a decrease in total sales volume and number of houses sold vs. Q2 2021 activity.
Less High-Priced Homes Sold over $3MM+
In addition, the dip in the Pinecrest volume and houses sold came from the homes sold between $1MM to $3MM, instead of the homes with higher prices points of $3MM-$4MM and $4MM+.
Highest Sales Soared over $8MM
The highest-priced sale was earmarked at $8,890,000, sitting on more than 1 acre of land, this stately home features 6 bedrooms, 8.5 baths, and over 12K square feet of construction, including a gym and 2 offices.
Pinecrest Property Values Keep Rising
However, it is important to note that the average $/Sq. Ft. increased by 17% vs. Q2. This steady climb in pricing shows the increased value that the Village of Pinecrest has seen in 2021 and is expected to keep in the future, as more buyers, mostly looking for a family-focused neighborhood, place critical importance on the size of the lots, spacious homes and proximity to fantastic, A+ public and private schools.
Final thought: “APEX” properties, which are considered to have the top location and turn-key condition and finishes, are still earning top, top dollar.
Communicate with the Pinecrest Expert
Contact Denise Horvilleur Luxury Real Estate with Coldwell Banker Global Luxury, Pinecrest Office, directly to get a complimentary, no strings attached valuation of your home to see what your sale price could be! As a Pinecrest resident for over 30 years and 14 years in the real estate market, Denise has the insights and expertise to guide you through the home selling process with ease.
