The Ultimate Guide To Coconut Grove Real Estate
August 25th, 2010 | categories: Coconut Grove Real Estate
There are 216 single family homes currently on the market in Coconut Grove. This number is slightly down from a year ago when we had 230 single family homes on the market.
Here is a breakdown of the single family homes for sale in Coconut Grove:
- 28 single family homes listed above $2,000,000
- 61 single family homes listed between $1,000,000 and $2,000,000
- 127 single family homes listed under $1,000,000 (58 of these are in the West Grove)
There are 48 single family homes currently under contract:
- 1 is listed above $2,000,000
- 9 are listed between $1,000,000 – $2,000,000
- 38 are listed below $1,000,000
- 21 of the pending sales are short sales
- 6 of the pending sales are foreclosures (majority of these are in the West Grove)
There have been 85 single family homes sold in 2010:
- 4 sales are above $2,000,000
- 16 sales are between $1,000,000 and $2,000,000
- 65 sales are below $1,000,000
In my opinion, we are seeing an increase in prices for certain segments of the Coconut Grove market (specifically, move-in ready houses). Inventory levels remain relatively high which means that some buyers will continue to drag their feet as they search for the “perfect” house.
__________
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced realtor please do not hesitate to contact me. I can be reached on my cell phone anytime at 305.342.1623 or you can send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.