Hindsight Is 20/20 But Foresight Is Priceless

When you work in the Coconut Grove real estate market as much as I do, you can’t help but have an inside perspective on where the market is and where it is headed.   A few years ago I told all of my clients who were looking for real estate investments in Coconut Grove that the best place to put their money was in residential land.  At the time, land was trading at $20 – $30 per square foot.  We have seen the figures slowly increase over time and last year prices ranged between $32 and $42 per square foot.  However thanks to two land sales in 2013 which came in at $48 per square foot (2132 Tigertail Avenue, and 3945 Loquat Avenue), I am thrilled to report back to them that their investments have almost doubled.   Those are the phone calls I like to make!

I am a Coconut Grove real estate specialist.  Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove.  If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.


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Written by Riley Smith

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