31 Coconut Grove Pending Sales In April…
May 4th, 2009 categories: Coconut Grove Market Conditions, Coconut Grove Real Estate
It was an unbelievable month for real estate here in Coconut Grove, things have changed drastically in just 30 days for us. As predicted, this was the busiest month that we have seen in over a year. My Grove market boards are getting full, and that is a great thing!
What is selling? The under $1,000,000 priced properties and short sales/foreclosures.
There were 15 single family homes to go under contract in Coconut Grove in April. All but one were priced under $1,000,000. There were 16 condos and townhouses to go under contract in April in Coconut Grove, all were under $1,000,000.
More than 50% of these pending sales were foreclosures and short sales. Combine that with the price point of the properties and you can see that buyers right now want deals. They also don’t seem to be turned away by the poor condition of the foreclosures and short sales. I have been in almost every one of these distressed properties that went under contract and can say that most of them give double meaning to the word distressed.
You may also be interested in: How To Price Your House In Today’s Market, New Construction in Coconut Grove
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here
Nothing like a full board to make one smile!