Weekly Report for Pinecrest, Palmetto Bay and Cutler Bay

Wow, last week went by fast.

Here's the sales activity from our local MLS from last Wednesday, November 4, 2009 through tonight, Tuesday, November 10, 2009.

Village of Pinecrest
As of tonight Pinecrest has a total of 191 single family homes for sale. Only one is a foreclosure, 23 are short sales. 6 of the total available were added since last Wednesday; none of the 6 added to the market are bank owned, 2 are short sales.

There are currently 34 total under contract. 1 is bank owned, 14 are short sales. 103 closed in the last 6 months. 14 were bank owned, 5 were short sales. 3 home went under contract since last Wednesday. One was a short sale.

2 properties closed since last Wednesday, neither were bank owned or a short sale.

Pinecrest currently has 167 homes for sale, 19 under contract, and 84 that closed in the last 6 months that were neither bank owned or short sales. In one week 4 entered the market, 2 went under contract and 2 closed that weren't bank owned or short sales.

Village of Palmetto Bay
Palmetto Bay has a total of 141 single family homes for sale tonight. 4 are bank owned; 30 are short sales. 10 of the total were added since last Wednesday; 1 bank owned and 1 was a short sale.

There are currently 48 properties under contract. 6 are bank owned, 23 are short sales. 5 homes went under contract since last Wednesday. 1 bank owned, none were short sales.

108 propeties closed in the last 6 months. 18 were bank owned, 10 were short sales. 2 properties closed since last Wednesday. Neither was bank owned or a short sale.

Palmetto Bay has 107 for sale, 19 under contract and 80 sales in the last 6 months that weren't bank owned or a short sale. 8 homes entered the market, 4 went under contract and 2 closed last week that weren't bank owned or short sales.

Cutler Bay
Cutler Bay has a total of 98 single family homes for sale. 6 are bank owned, 49 are short sales. 6 of the total were added last week; 2 are bank owned and 3 are short sales.

Tonight there are a total of 90 homes under contract. 12 are bank owned, 65 are short sales. 1 went under contract since last Wednesday. It was a foreclosure sale.

There have been 119 single family home closings in Cutler Bay in the last 6 months. 44 were bank owned, 26 were short sales. 1 sale closed since last Wednesday. It wasn't bank owned or a short sale.

Cutler Bay has 43 homes for sale, 13 under contract and 49 that closed in the last 6 months that aren't bank owned or short sales. 1 entered the market last week and 1 sold that were regular resales by the owners.