Entry Level Homes In Coconut Grove
January 25th, 2011 | categories: Coconut Grove Real Estate
Another request I received last week was for an update on entry level homes in Coconut Grove. This $400,000 and below market is a relatively new one for Coconut Grove. During the boom an entry level home would cost at least $500,000 but now we have homes in the north and south Grove far below that.
There were approximately 20 homes sold in Coconut Grove under $400,000 last year (excluding West Grove). The average price per square foot of these was $226.00, many were short sales or foreclosures. For those of you who purchased a home in this segment of the market recently, I feel confident in saying that your home has held its value.
To view entry level homes currently on the market in Coconut Grove, click here.
I know the numbers, I analyze the market, my clients make better decisions. If you would like to buy or sell real estate and are looking for an experienced Realtor in Coconut Grove, please don’t hesitate to contact me at 305.342.1623 or send me a note here.