Coconut Grove Condo Market Update
November 26th, 2008 categories: Condos
Here is a Coconut Grove Condo Update for all those snowbirds out there who are interested in buying a place here in the Grove.
- Grovenor House: 26 For Sale | 10 Closed Sales in 2008
- Ritz Carlton: 30 For Sale | 5 Closed Sales in 2008
- Grove Tower: 7 For Sale | 10 Closed Sales in 2008
- Grove Hill: 3 For Sale | 3 Closed Sales in 2008
- Yacht Harbour: 6 For Sale | 2 Closed Sales in 2008
In the above Coconut Grove condo buildings, there are no distressed condos on the market. As I went through all of these listings I found ZERO that were distressed. By distressed I mean either in foreclosure or a short sale. It almost seems unbelievable, I didn’t believe it myself and had to go back through to check. We are talking about 5 of Coconut Grove’s best condominum buildings, and none have units on the market that are short sales or foreclosures.
This could mean one of two things:
- Coconut Grove is a very stable market (something I’m always preaching).
- The foreclosures are getting snapped up within seconds of coming on the market (Very unlikely as I went through all of the above closed sales only 1 unit was a foreclosure sale).
I handle many relocations to Coconut Grove and if you are interested in moving to the area please contact me at (305) 342-1623 or send me a note here.
