Coconut Grove Real Estate Blog

So you've found your dream home but you can't buy it because you're stuck in your current house that isn't selling.  There is a solution. I am working on a deal right now where the buyers are exactly in that position.  Instead of just sitting around and waiting for their house in Tampa to sell, t...

About 6 months ago, I tucked this orchid behind some Birds of Paradise and forgot about it.  As I walked through my garden this morning the bloom caught my eye.  There aren't too many places in the country  right now where the flowers are blooming, the weather is warm, and the sky is clear. Now ...

Our Coconut Grove gated communities are great for those people who seek privacy and security.  Click on the below spreadsheet for detailed information.   Points Worth Mentioning There were 6 Closed Sales in 2008: As you will see from the above spreadsheet, there have only been 6 closed sales in a...

When you compare the real estate market in Coconut Grove to the Dow Jones Industrial Average over the past year, purchasing a home in Coconut Grove would have been the better bet.  Here are the statistics of 2008 to date: The Dow Jones Industrial Average lost 31% Average price of homes sold in Co...

Many of you may have watched 60 minutes tonight on CBS where Scott Pelley reported on the state of the mortgage crisis and the effect it is having on South Florida's condo market.   Pelley focused mainly on Downtown Miami and Brickell in his interviews and stories.  He spoke with Peter Zalewski o...

I have had 3 properties (2 Buyers, 1 Seller) in Coconut Grove go under contract in the last 2 weeks. Buyers seem to be motivated by the fact that if they close before 2009 they will secure their $25,000 Property Tax Homestead Exemption.  You must "Reside" in your home on January 1st, to be eligib...

Here are some interesting numbers regarding the Center Coconut Grove Townhouse Market in 2008.  There are roughly 145 townhomes for sale in Center Coconut Grove, and approximately 48 sold in 2008.  As would be expected, the majority of sales have occurred under $500,000.  The median "Price Per Sq...

Yesterday I was talking to a Coconut Grove homeowner about the change in building code that requires new construction homes to have a side entry garage.  This is a minor change in code that is having a big impact on land sales. Because of this change, the width of a buildable lot is more importan...

This foreclosure condo in Grove Garden just went on the market yesterday and it is a steal. Priced at $397,900 for a 2 bedroom, 2.5 bath unit with 1,580 square feet of living space.  See pictures of this unit below. How do you know this foreclosure is a good deal? Check out the only 2 closed sale...

Coconut Grove is on the brink of a major facelift.  Pointe Group Advisors has started the ball rolling with their Grove Village project which will transform the old shuttered up buildings on Grand Avenue to a vibrant street complete with apartments, houses, shops, restaurants and a new grocery s...