How did home prices perform in Pinecrest during January 2021?

Medium realestate5

The median sale price of a home sold in January 2021 in Pinecrest rose by $862,500 while total sales decreased by 51.1%, according to

In January 2021, there were 22 homes sold, with a median sale price of $1,437,500 - a 150% increase over the $575,000 median sale price for the same period of the previous year. There were 45 homes sold in Pinecrest in January 2020.

The median sales tax in Pinecrest for the most recent year with available data, 2019, was $7,897, approximately 0.5% of the median home sale price for January 2021.

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

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Golden Beach42100%$4,125,000$3,306,25024.8%
Bal Harbour78-12.5%$2,300,000$552,500316.3%
Key Biscayne252025%$2,220,000$747,500197%
Miami Beach146238-38.7%$1,342,500$329,500307.4%
Coral Gables5681-30.9%$1,095,000$632,00073.3%
South Miami (unincorporated) 1435-60%$1,085,000$375,000189.3%
Sunny Isles Beach3873-47.9%$685,000$267,000156.6%
Palmetto Bay1860-70%$660,500$437,00051.1%
El Portal16-83.3%$655,000$472,00038.8%

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