Coconut Grove Condo Market Update
August 31st, 2008 categories: Condos
The Coconut Grove Condo information detailed in the below charts comes from the South East Florida MLS, between the dates of January 1, 2008 and August 31, 2008.
When you compare these figures with last year’s, it seems that the Grovenor House and the Ritz Carlton Residences have taken the biggest hit. The Grovenor House had 34 closed sales last year, and the Ritz Carlton Residences had 11. Although we are heading into the busiest time of the real estate market, I doubt that these condos will be able to recover these numbers by January. Grove Isle is currently outperforming the other condos in number of units sold. They will likely be the only condo in Coconut Grove to sell more units this year than last. Grove Isle had 16 closed sales in all of 2007, and will surely exceed their current number of 15 by the end of the year.
