There are currently 117 single-family homes listed for sale. 2 of those listings are short sales and 2 are foreclosures. The highest priced home is a custom built 
home which is listed for approximately$6.199 Million.It should be noted that this site previously sold for $761,000 in October of 2010.
Compared to last year:
Number of homes for sale is up 9.3 %.
Number of homes sold is up 30 %.
Average sold price per square foot is up 11.2 %.
Average listed price is up 9.8%.
Average sold price is up 10.6 %.
‘Months of inventory’ is down 30.2 %.
Our inventory has been so low for so long that the 30.2% decrease reflects 8,2 months of inventory. This is still indicative of a balanced market. A balanced market is 9 to 12 months.
Of the 49 closed sales for this first quarter, 16 buyers paid cash!
What about the luxury market?
Of the 49 homes sold in Pinecrest, Florida this year, 22 were priced over One Million Dollars, and 7 of those homes were purchased with cash. There are currently 78 homes in Pinecrest arepriced over One Million Dollars.
If you are serious about getting the highest price, now is the time to sell. As inventories increase, prices will level.
Click here for graphs: FactsAndTrendsReport-Pinecrest March 2014