So Far Coconut Grove Real Estate Has Outperformed Last Year
June 30th, 2009 categories: Coconut Grove Market Conditions, What is selling in Coconut Grove?
Looking at the numbers below, we have roughly 30% more sales the first half of this year as compared to last year. I believe that three contributing factors to the increase in sales are that prices have continued to fall, sellers have finally become more realistic, and interest rates remain low.
If last year’s trend continues, the summer should be a busy one for Coconut Grove real estate. Keep in mind that any first time home buyer looking to get their $8,000 tax refund has to close by the end of this year which should help the lower end townhouse and condo market significantly.
2009
| Month | Homes Sold |
| January | 3 |
| February | 6 |
| March | 7 |
| April | 5 |
| May | 8 |
| June | 14 |
| Midyear | 43 |
2008
| Month | Homes Sold |
| January | 2 |
| February | 3 |
| March | 7 |
| April | 7 |
| May | 10 |
| June | 4 |
| Midyear | 33 |
If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here
Thanks so much, Riley. Was there something unusual about the Fairhaven listing? The selling price per square foot was really high compared to the other listings.
Fairhaven sold for land, it was a corner lot on a canal with an especially large amount of water frontage.