Market Update

Pinecrest Edition
november 2010

year-to- Date
153 single family homes
A Market Update have been sold
• 8 were REO (foreclosure) properties
OVERVIEW • 27 were short sales
Fall is here and it is a good time to reflect on what has happened year-to-date in the real estate
31 townhomes/condos
market in Pinecrest. We’re sure you have read about the halt in the foreclosure market and the have been sold
continuing decline of price-per-square-foot averages overall in Miami – but this is not necessarily • 11 were REO (foreclosure) properties
what is happening near you. • 8 were short sales
No, life is not a bed of roses in the housing market in Pinecrest, but it is far more stable than the
38 sales are currently
overall South Florida marketplace. We have very few foreclosures and the market activity is strong. pending
It is still very much a buyer’s market, but with our fantastic public schools, location and amenities
there are buyers looking to move into the area and village residents looking to stay in Pinecrest, 192 properties are currently
but upgrade to a nicer home. for sale
• 2 are REO (foreclosure) properties
PRICING & INVENTORY • 17 are short sales
IN PINECREST
Inventory and prices have remained Average sold price per sq. ft.
stable for the past few months. Prices AVG SOLD PRICE/SQ FT $328.0
have certainly declined from the peak
$253.0
of the summer of 2007, but have we $200.0
$231.0
$175.0
reached the bottom? We believe there
will continue to be peaks and valleys,
but that we are in the beginning phase
of what will be a slow recovery in the $0 to $500,000 - $750,000 - $1 million - $2,000,000
$499,999 $749,999 $999,999 $1,999,999 & over
housing market in Pinecrest and beyond.
AVG LIST 
PRICE/SQ FT
$                  190
$                  239
$                  264 How Buyers search
for homes
market Hotspots
$                  320
$                  376

$                  278 • 90% Internet

$750,000 and under • 87% Realtor
About half of the homes that sold so far What is selling vs. What is for sale • 59% Yard Sign
this year in Pinecrest closed for under 35% • 46% Open House
$750,000. However, only about a quarter 30%
of the current inventory fits within that 25% • 40% Newspaper
20%
price bracket. 15% Make sure your Realtor knows how
10% to reach today’s tech-savvy buyers.
$1 – $2 million 5% More than ever your home needs
We also see another spike in activity in 0%
maximum exposure on the web.
$0 to  $500,000 ‐  $750,000 ‐  $1 million ‐  $2,000,000 & 
the $1 – $2 million price band where $499,999  $749,999  $999,999  $1,999,999  over  Call us to learn more.
buyers are now able to afford amazing
% OF TOTAL SALES YTD  % OF TOTAL LISTINGS 
luxury homes that a few years ago would Source: The National Association of Realtor
have been priced out of their reach. 2009 Profile of Home Buyers & Sellers

We’ ve sold thousands of homes throughout south florida Let us sell yours.
 P R S RT S TD
U.S. POSTAGE
P A I D
MIAMI, FL
PERMIT #3203

80 SW 8TH STREET, SUITE 1870 | MIAMI, FL 33130

Lowell International Realty is a unique full-service luxury real estate brokerage firm. We appreciate that buying and
selling a home is more than just an exchange of property. It is a significant investment in the future and a complex transaction for
buyers and sellers alike. Our business is dedicated to taking care of all of our clients’ needs to ensure confidence, comfort and
about Us total satisfaction.
With nearly fifty years of South Florida real estate and development experience between them, company founders Lani Kahn Drody
and Larry Kahn have developed all levels of residential real estate. From moderately priced townhomes to multi-million dollar
luxury estates, the Kahns bave built and sold more than a half billion dollars of residential real estate in South Florida.

a Message FROM how does Your Home Compare?

A sampling of homes that have closed in the past 90 days in Pinecrest.

sold sold

s . LA N I K A H N D R O DY
Broker | president
• Over 15 years experience marketing,
negotiating, and selling real estate in
South Florida
• Over a half billion of residential real
estate sold in South Florida 6680 SW 96 Street 6090 SW 104 Street
• Member of the Master Brokers Forum Sale Price $1,900,000 Sale Price $950,000
of Miami-Dade [Original Listing Price $2,950,000] [Original Listing Price $995,000]
• Past-President of the Builders 6,931 sq ft living area 4,054 sq ft living area
Association of South Florida
Lowell International Realty is a boutique
family-owned brokerage offering sold sold
customized service with the focus always
staying where it belongs – on you, the
client, and your home. Having worked
in real estate sales and development for
over 15 years, I bring to my clients a
wealth of experience in contract
negotiations, sales and marketing.We pride
ourselves on going the extra mile to
create polished and informative marketing
materials for your home that make your
property stand out from the crowd. Our
state-of-the-art marketing platform then
6500 SW 131 Street 12900 SW 68 Avenue
takes those materials and syndicates them Sale Price $810,000 Sale Price $525,000
far and wide so that your home gets local [Original Listing Price $850,000] [Original Listing Price $525,000]
and international exposure. 3,975 sq ft living area 2,156 sq ft living area
Please call me any time if you
have questions about selling www.lowellinternationalrealty.com
or purchasing a home in
South Florida. The information contained herein, while not guarenteed, has been secured from sources we
believe to be reliable. However, this offering is subject to verification by the purchaser, and the
C 305.216.155O broker assumes no responsibility for corrections thereof. If your property is currently listed with
a real estate broker, this is not to be meant as a solicitation.
T 305.577.8550 x 11