Pocket Of Homes In North Coconut Grove Sees High Turnover
October 26th, 2011 | categories: Coconut Grove Real Estate, Selling Real Estate in Coconut Grove
I am very partial to the area in North Coconut Grove between 27th and 22nd Avenue. I have several friends who live here and they always tell me how much they love their neighborhood. One reason I like the area is because it doesn’t have the high walls and gates that you see on homes elsewhere in the Grove which gives it a very welcoming feeling and makes it easier to meet your neighbors. It is also located just a few blocks away from Kennedy Park.
This section in the North Grove tends to see quite a high turnover due to what I believe is the price point. It is one of the only “entry-level” locations in the Grove and therefore you tend to have more owners who are looking to sell within 5 years of purchasing.
So far in 2011 the neighborhood has had 20 home sales at an average of $466,000 per home or $266.00 per square foot which is up from last year where the average was $376,000 per home and $239.00 per square foot.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
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