Since the new year Coconut Grove has seen an influx of foreclosures come on the market. If you have been following my blog over the past year you know that we saw a similar trend at the beginning of 2011. I’m not sure if the banks have a reasoning behind it but if history is any indication they will release several more foreclosures over the next few months and then we will see them taper down as we enter the middle of the year. If you are interested in one of these foreclosures, you have to be ready to pay cash and act fast.
I mentioned the foreclosure on Frantz Avenue earlier this week here…Buyers circling at foreclosures on Frantz and another one worth discussing is located at 4288 Douglas Road in the South Grove (photo above). This has been for sale previously as a foreclosure but the contract fell through at the last minute. The house sits on a nice big lot however it needs a substantial amount of renovations to the interior. List price is $1,299,000 by Kerdyk Real Estate.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
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 buying or selling I would be happy to meet with you for a no pressure consultation. Call me on my cell at 305.342.1623 or send me a message here.