Slow Start To 2010
January 7th, 2010 | categories: Coconut Grove Real Estate
My Coconut Grove hot sheet has been slow this week. Virtually no new single family listings or closed sales. There has been only one home to go under contract it was listed by the Cherry Group at 2080 Emathla Street and a few price reductions (most notably, Javier’s listing on Loquat was reduced by $100,000 to $899,000).
On a brighter side, there is no slow down of buyers. Yesterday I showed property to 3 different buyers, wrote 2 offers and met with another set of potential buyers who will be looking shortly.
I can’t stress enough that if you are considering putting your house on the market, now is the time. We have a shortage of quality inventory and what appears to be a surplus of ready, willing and able buyers.