The top realtor in Pinecrest, Coral Gables, Coconut Grove, and South Miami, Ashley Cusack, released a report on the Pinecrest housing market based on data recently provided by Ron Shuffield. Sales are way up and inventory way down in 2021.
Top Miami, Coral Gables and Pinecrest Luxury Home Realtor, Ashley Cusack, issued her views on a report recently issued by South Florida real estate guru, Ron Shuffield on the Pinecrest Florida housing market.
For more information about Ashley Cusack Team you should visit: https://ashleycusack.com/
Cusack and her team are highly experienced real estate professionals who represent both sellers and buyers of luxury homes and condos in Coral Gables, Coconut Grove, Miami Beach, Gables Estates, Pinecrest, South Miami and Ponce Davis.
A summary report on the state of the real estate market in Pinecrest, Florida, was recently released by Ashley Cusack and her team.
“To say that the Pinecrest real estate market is hot might just be the understatement of the century!” said Cusack. “The market in one of Miami’s most sought-after neighborhoods is positively on fire right now.’
Common.com recently reported, in an article entitled the “Best Places to Live in Miami” that “Pinecrest is an ideal location for affluent young people, as it boasts of a high income per capita. The housing options are various and conveniently placed around the area. The schools also receive high ratings and excellent reviews, which makes it a good choice for families.”
BHHS EWM Realty International’s CEO, Owner, President, and South Florida real estate guru, Ron Shuffield recently released his 2nd Quarter 2021 analysis, and you will find the data quite startling.
The number of total home sales in Q2 2021, in the under $2M Pinecrest housing market was up 124% versus Q2 of 2020. “That’s a huge jump, but the real eye opener is the over $2M housing market, where there was a 575% increase in sales in 2021 versus the same quarter in 2020” added Cusack. 54 Homes sold for $2M + in the second quarter of 2021 whereas just 8 sold during the same 3-month period last year.
With sales numbers up so high, inventory is dramatically low: under $2M it is 73% lower than for the same period in 2020 with only 1 month of supply available. The over $2M market has seen 55% fewer homes for sale with 93% less supply.
The economics of supply and demand is certainly in force, with prices having increased 47% and 11% for under $2M and over $2M homes, respectively.
All these factors point toward a strong seller’s market, so if you are a homeowner in Pinecrest, Coral Gables, Coconut Grove, Palmetto Bay, or any other South Florida location should consider contacting Ashley Cusack Team to discuss the possibility of listing your home.
Ashley Cusack was recently featured in the January 2021 Florida edition of Top Agent Magazine, as described in the news article which can be viewed here.
Cusack has sold over $1 billion in residential real estate sales in her almost 30-year career with a business that is almost all sourced from repeat referrals. The Ashley Cusack Team has sold over $90 Million in real estate in the Miami area in the first half of 2021.
She has consistently been in the top ½ of 1 percent of Realtors nationwide, and in the top 5 of 800 agents at Berkshire Hathaway HomeServices EWM Realty – an accomplishment spanning the past 15 years. Cusack has also been recognized as the area’s top residential Realtor by the Miami-Dade Chamber of Commerce, Miami Agent Magazine and The Real Deal.
For more information you should visit the Ashley Cusack Team website at: https://ashleycusack.com .