Juicy Estates: Mortgage Blog

Pinecrest Homes For Sale ~ Inventory Drops

As illustrated by the very telling graph below the Pinecrest market (33156 zip code) has made a major turn around.  This market is poised to be one of the first luxury home areas in South Florida to experience a “bounce” off the bottom as inventories shrink and buyer traffic increases.

Additionally the charts for homes for sale in Coral Gables, South Miami and Miami Beach look very similar.  The perfect storm of disappearing inventory, increased buyer traffic and low interest rates is upon us.  The South Florida luxury home market has and will always be resilient so the smart money is buying now.

This entry was posted on Wednesday, October 14th, 2009 at 9:46 pm and is filed under Home, Luxury Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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