Pinecrest Home Sales

By Maggie Dokic on January 17th, 2011
Categories: Market Trends, Pinecrest

Pinecrest Luxury Home – most expensive sale in December

Pinecrest home sales were brisk in December.  There were 20 closings of homes in Pinecrest, ranging in price from $270,000 to $3,998,000.  Don’t let the lowest priced sale fool you.  The average sales price in Pinecrest was $1,148,100 with the median being $805,000.

The most expensive home sale in Pinecrest was a 9 bedroom, 12 bath, plus guest house, home in North Pinecrest.  The total living area was 14,446 square feet and the lot size was over a true acre at 50,529 square feet.  This home is the one in this picture and boasted many amenities, including a swimming pool, lit tennis court and beautiful landscaping.  It was listed at $4,500,000 and sold at 88.84% of list price.  It is interesting to note that, according to the MLS data, it was also a cash sale. 

Some statistics for the sales in Pinecrest in December:

• Of the 20 sales, 4 were bank-owned (foreclosures) and 1 was a short sale
• Sales Price per Square Foot ranged from a low of $123/SF to $337/SF
• Days on market ranged from ZERO (yes!) to 991
• The lowest price sale of $270,000 was listed at $262,350, so it actually sold for more than list price and it was a cash sale.
• Of the 20 sales, 5 were cash sales, and 4 of those 5 were amongst the most expensive sales in Pinecrest.

Here’s a map of the sales that took place in Pinecrest in December:
Dec Pinecrest Sold Map

This entry was posted on Monday, January 17th, 2011 at 11:28 am and is filed under Market Trends, Pinecrest. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.