South Florida Market Stats
High End Condos in Coconut Grove
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hiThere are 50 high end condos currently for sale in Coconut Grove. By high end I am referring to those priced $1,000,000 and up. For the most part, that price range will get you Bay views and 3 bedrooms & 3 baths. Obviously the more you move up in price, the larger the size and [...]
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You Can’t Count Your Eggs In This Market
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hiMy Coconut Grove sellers had a good weekend, four of them received offers on their homes. In a healthy real estate market I would be optimistic that the offers would come to fruition. But in this market, you can never count your eggs before they are hatched.
Even if we are able to settle on a [...]
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Recent Pending and Closed Sales in Coconut Grove
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hiThe $600,000 and under market has been very active so far in the month of August. Perhaps it is all those first time buyers trying to take advantage of the $8,000 tax credit that will expire at the end of the year.
Pending Single Family Homes in August:
Address:
Beds/Baths
Sq. Ft.
List Price:
Distress?
2320 Tigertail Avenue
4/3
3,040
$585,000
Short Sale
2711 SW 22 Ave.
3/3
1,721
$575,000
No
3274 [...]
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These Days Its All About “Price Per Square Foot”
Categories: Coconut Grove, Community Information, Real Estate News, South Florida Market Stats
hiWhat Is “Price Per Square Foot”?
“Price Per Square Foot” (or PPSF) is calculated by dividing the price of the home by the amount of square feet of the home. Realtors mainly use the Sold Price Per Square Foot when doing their comps for a home as opposed to the Asking Price Per Square Foot because [...]
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Coconut Grove’s Diverse Real Estate Market, It Is All About Location
Categories: Coconut Grove, Community Information, Real Estate News, South Florida Market Stats
hiFor those of you who are not familiar with Coconut Grove, the community can be broken up into several different areas. Although I usually just differentiate between North and South Grove, there are actually pockets of homes in both areas where we see a vast difference in price point.
North Coconut Grove
For instance, above you will [...]
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New Construction Sales In Coconut Grove Picking Up
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hi** Update – Another New Construction Sale: 3871 Battersea Road went under contract on July 28th.
Homes Mentioned In Video:
Sold – 1668 Micanopy Avenue
Sold – 3835 Kent Court (short sale)
Sold – 3839 Irvington Avenue
Pending – 4191 El Prado Boulevard
Pending – 4054 Barbarossa Avenue
To stay updated with all of the current Coconut Grove real estate information, receive [...]
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Update On Coconut Grove Real Estate Inventory
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hiThere are roughly 230 single family homes currently for sale in Coconut Grove. Although our inventory levels are slowly falling, this number is still extremely high. There was a time in my career where there were only 40 homes for sale at any given time in the Grove.
Breakdown of Coconut Grove’s Single Family Homes:
28 single [...]
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Coconut Grove’s Foreclosure Market
Categories: Coconut Grove, Foreclosures, Real Estate News, South Florida Market Stats
hi**Update: The foreclosure on 3690 Stewart Avenue went under contract on July 28, 2009.
Shockingly there are only 3 single family foreclosures currently on the market in Coconut Grove (2 in South Grove, 1 in North Grove). To view pictures and information of the foreclosures in Coconut Grove, click here.
301 East Shore Drive, $749,000
3690 Stewart Avenue, $675,000
3871 Le Jeune Road, $429,900
The interesting [...]
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How Does The Coconut Grove Real Estate Market Size Up?
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hiMany times when my clients are looking at homes for sale in Coconut Grove they want to check out the neighboring areas of Coral Gables and Pinecrest. These three communities couldn’t be more different in terms of style and vibe. But when it comes to real estate, you may be surprised to find out that [...]
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Recent Closings in The Grove
Categories: Coconut Grove, Real Estate News, South Florida Market Stats
hi3071 Lucaya Street in the North Grove which I’ve written about several times on my blog closed yesterday at a price of $1,100,000. The house sold at a price per square foot of $290.00, had 3,792 square feet of living space, 4 bedrooms, 4 baths on a 10,000 square foot lot.
Also yesterday, 4050 Ventura Avenue (short [...]
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