Total $$$ Sold In Coconut Grove
October 28th, 2009 categories: Coconut Grove Real Estate
Some interesting numbers. In 2008 there was a total of $151,203,000 worth of single family homes sold in Coconut Grove.
So far this year there has only been $64,827,000 worth of single family home sales!!! Granted we still have a few more months to go in 2009, but chances are we won’t make up another $87 million in 2 months.
Considering that we are selling approximately the same “number” of homes as 2008 (if not slightly more), these numbers tell us two things about the real estate market here in Coconut Grove: prices have drastically come down since 2008 and buyers are purchasing the lower end homes compared to the higher end ones.
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