Coconut Grove Real Estate Blog

One thing is for sure, buyers are out there!  I was out with several groups over the weekend who are ready, willing and able to buy.   I currently have 6 of my listings under contract waiting to close and the number of showings at our current listings have greatly  increased.  So after all the do...

In all markets and in all price ranges the first question most buyers ask is "Has the price been reduced?".  And rightly so.  50% of the homes sold this year in Coconut Grove made one or more price reductions before going under contract.  That means that 50% of the sellers out there start at a pr...

Last night a townhouse came on the market in Center Coconut Grove at a price of $729,000 ($284.00 a foot).  This makes it the highest priced townhouse currently for sale in Center Grove.  The property was built in 2001 and features 3 bedrooms, 2.5 baths, listed by Avatar. There are roughly 50 tow...

Here are a few things worth mentioning for those of you who are tracking the real estate market here in Coconut Grove: I have had many buyers recently interested in the area of Coconut Grove known as Bay Heights (one of them recently put the home located at 271 East Shore Drive under contract).  ...

The market in Cocoplum has been busy with 5 homes sold in the past 30 days.   Taking a look at the numbers, it brings the total closed sales in Cocoplum to 15 this year.  Below is a breakdown of these recent sales.  You will notice that one home sold for 16% off the list price which just goes to...

New Construction Market As A Whole The new construction market in Coral Gables has been slow in terms of closed sales and new properties coming on the market.  Out of the 290 homes to sell this year only 5 of them were new construction.   The $1,000,000 - $2,000,000 New Construction Market The s...

The average selling price during the past 60 days in Coral Gables has been $1,076,000 (median $639,000) with an average selling price per square foot of $287 (median $264).  The average days on the market for these homes was 150 days.  More than 50% of them made price reductions before they sold....

Coconut Grove has everything I could ever want for my family,  a place to live that is close to the culture and energy of Miami while having the intimacy of a small village.  Here are a few of my experiences over the past few days that demonstrate why we live in such a special community.... Frid...

I was running some numbers on the activity here in the Grove and thought I'd go ahead and post the results.   Here is how they break down: North Coconut Grove: There are 90 homes for sale in North Coconut Grove 48 are priced below $1,000,000 42 are priced above $1,000,000 7 of the properties are ...

There have been two closed sales since my last Cocoplum Market Update.  The first is located on Los Pinos Boulevard in the southern section of Cocoplum (non-waterfront).  This beautiful home came on the market back in January at an asking price of $6,250,000.  The owners just sold it for $4,500,0...