Center Grove Townhouse Market Picking Up Steam

Our team has noticed an increase in activity in the townhouse market since the start of 2017. Across the board, we have seen more buyers who are wanting to purchase in this segment of the market. Many of these buyers have turned to townhouses because they realize that they can get more for their money in the Center Grove. For roughly the same price as a small single-family home that needs major renovation you can find a modern turn-key ready townhouse with 2,000+ square feet of living area. For most people, the choice is a no-brainer.

Over the past 90 days there have been 13 closed townhouse sales in the Center Grove which have come in at an average “Sale Price/Square Foot” of $321.00 (newer construction townhouses are selling even higher).

Below is one of our recent townhouse sales in the Center Grove. 3036 Allamanda Street offered 3 bedrooms, 2.5 baths with 2,354 square feet of living area and sold for $750,000. Congratulations to our buyers on their beautiful new home!

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows the market inside and out.  If you would like to buy or sell real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.
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