Buyer Activity Is Up, Listing Activity Is Down in Coconut Grove Real Estate
November 23rd, 2009 categories: Buying Real Estate in Coconut Grove, Selling Real Estate in Coconut Grove
Buyers have been very active the past few weeks in Coconut Grove. I am out with clients just about every day showing property and we have had record numbers at our open houses.
Where are my buyers coming from? The majority of my buyers are coming from out of town, mainly the Northeast and a few from outside the US. I also have some who currently live in Coconut Grove and are wanting to upsize/downsize, and some renters from the Brickell area looking to buy.
On the other hand, listing activity has been slow across the board. We see this slow down every year around Thanksgiving time because people like to wait until after the holidays to put their home on the market. Although it may be more convenient to wait until January to put your house for sale, these people are missing out on one of the busiest months of the year. Think of all the out of towners who will not get to see their homes!
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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.
Interesting post. Inventory in our own area is way off last years peaks!