There have been no closed sales in High Pines this year. That is about to change. There are currently three pending sales in the community, and eight active listings still available to buyers. By the end of the second and third weeks of this month we will have a better idea of how buyers are feeling about High Pines prices in 2015.
5380 SW 78 Street, listed for $2,650,000, is a brand new construction that was on the market only 15 days before it went under contract. Boasting many of the features modern home buyers are seeking, the 10 foot ceilings, sleek facade, and layout attracted a buyer quickly. What remains to be seen is if the home closes at or near the $483 a square foot asking price.
7901 SW 54 Ct, listed for $2,145,000, is only 7 years old and shares many of the same modern features as the above mentioned property. The property last sold near the bottom of the market for the area at $1,160,000 in April of 2010. Now, only five years later, the property has a pending contract for almost $1,000,000 more than what it was purchased for! The property was unfortunately the victim of the market crash, having sat on the market for 2 full years and dropping its original asking price of $2,200,00 to $1,390,000 before selling. The sales price now will still be under the original offering by the builder of $2,200,000 7 years ago.
7960 SW 52 CT went under contract in less than three weeks. The property was listed for $640,000. The property was dated on the interior, but in generally good condition and priced well. It would not be surprising to see it sell at above asking price.
There are 7 active listings in High Pines. The prices range from $715,000 to $2,895,000. Buyers should keep an eye on the next sale prices to come out by the end of April. These will give an indication of whether active listings may lower their asking prices or if stay the course. Potential sellers should also be aware of what the most recent sales numbers will be since it will have a bearing on how best to price your home when placing it on the market.
For more information on the High Pines market please contact me. I look forward to speaking with you.