Miami real estate news and information

Pinecrest Buyers Can’t Find Homes!

 

Alexandra and I are working with half a dozen buyers who are looking to spend below $1.7 million on a home in Pinecrest.  None of the homes currently available adequately accommodate their needs.  Of the thirty-five homes currently for sale in Pinecrest  priced between $1.1 and $1.7,  there are slim pickings especially in single story homes (as much of the new construction is two-story). 

If you own a single story home in Pinecrest (especially upgraded or move-in ready) you have a ‘hot commodity’ right now. Inventory is down in many areas of South Florida, due to owners being upside down in their mortgages.  Having bought at the height of the real estate market, many homeowners who have owned  for less than five years are unable to afford to sell now, unless they are willing to negotiate a short sale with the bank. 

Might you consider selling your house in Pinecrest?  If so, we would love to talk with you about it, and see whether yours might be a match for one of the  buyers we are working with …  buyers who are looking to move now … or in the early part of 2010.  Please contact us here  or  give us a call directly at 305 793-1365.

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