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Friday, November 8, 2024

What happened to the median home price in Pinecrest during November 2021?

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The median sale price of a home sold in November 2021 in Pinecrest fell by $90,000 while total sales increased by 50%, according to BlockShopper.com.

In November 2021, there were 39 homes sold, with a median sale price of $965,000 - a 8.5% decrease over the $1,055,000 median sale price for the same period of the previous year. There were 26 homes sold in Pinecrest in November 2020.

The median sales tax in Pinecrest for the most recent year with available data, 2019, was $7,897, approximately 0.8% of the median home sale price for November 2021.

The following table compares Pinecrest to other Miami-Dade County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
Golden Beach40-$4,815,000$0-
Bal Harbour10666.7%$1,991,250$606,250228.5%
Key Biscayne4314207.1%$1,700,000$1,180,00044.1%
Pinecrest392650%$965,000$1,055,000-8.5%
Miami Shores231464.3%$879,500$661,50033%
Coral Gables774957.1%$825,000$899,000-8.2%
Surfside161060%$815,000$595,00037%
Palmetto Bay342254.5%$795,000$575,00038.3%
South Miami209122.2%$717,500$730,000-1.7%
El Portal5425%$655,000$501,00030.7%
Biscayne Park45-20%$634,000$497,00027.6%

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