First Quarter Review: Coconut Grove, Coral Gables and Pinecrest
April 1st, 2009 categories: Coconut Grove Market Conditions
Not surprisingly many of my clients are not only looking at real estate in Coconut Grove but all over Miami. Here is a short analysis of the 3 most popular communities that my clients are interested in.
Don’t be misled by the seemingly high average prices because factored into these numbers are many waterfront and multi-million dollar estates which bring the numbers up. There are certainly many good properties for sale in all of these communities that are under $500,000.
Single Family Coconut Grove 1st Qtr. Market Summary:
| Number of Properties For Sale: | 266 |
| Number of Foreclosures For Sale: | 21 |
| Average Price FOR SALE: | $1,167,066 |
| Average Price/Square Foot FOR SALE: | $357.00 |
| Number of Properties SOLD: | 17 |
| Number of Foreclosures SOLD: | 7 |
| Average Price SOLD: | $1,081,871 |
| Average Price/Square Foot SOLD: | $298.00 |
Single Family Coral Gables 1st Qtr. Market Summary:
| Number of Properties For Sale: | 603 |
| Number of Foreclosures For Sale: | 65 |
| Average Price FOR SALE: | $1,934,074 |
| Average Price/Square Foot FOR SALE: | $440.00 |
| Number of Properties SOLD: | 58 |
| Number of Foreclosures SOLD: | 25 |
| Average Price SOLD: | $1,015,257 |
| Average Price/Square Foot SOLD: | $259.00 |
Single Family Pinecrest 1st. Qtr. Market Summary:
| Number of Properties For Sale: | 261 |
| Number of Foreclosures For Sale: | 19 |
| Average Price FOR SALE: | $1,711,558 |
| Average Price/Square Foot FOR SALE: | $322.00 |
| Number of Properties SOLD: | 26 |
| Number of Foreclosures SOLD: | 9 |
| Average Price SOLD: | $908,302 |
| Average Price/Square Foot SOLD: | $235.00 |
To view all homes for sale in Coconut Grove, click here.
To view all homes for sale in Coral Gables, click here.
To view all homes for sale in Pinecrest, click here.
