Off To A Slow Start….
January 12th, 2009 | categories: Coconut Grove Real Estate
2009 is off to a slow start as the middle of the month approaches. So far, Coconut Grove has had only 1 single family closed sale in January. Located at 1735 Fairhaven Place this property was on a canal in North Coconut Grove. Lot size was 15,000 square feet with a rare 250 feet on the water. Selling price was $1,250,000 ($83.00 Per Square Foot). See photo below.
Condos are not fairing much better with only 2 sales since the start of ‘09. One sold at Grove Isle for $950,000, and another sold today at the Ritz Carlton Residences for $1,130,000.
There is a flicker of hope: there have been 5 homes and 5 condos to go under contract since the start of the new year.
If you are interested in selling or buying in Coconut Grove, please contact me here.
You may also be interested in: Coconut Grove Real Estate: 2008 In Review