I have been out with clients over the past week looking at townhouses in center Coconut Grove. After talking with many of the agents it seems that although sellers are not making huge price reductions they are much more negotiable in their prices. It now appears that you should be able to buy a fairly new 3 bedroom, 2 bath townhouse with at least 2,200 square feet and a 1 car garage in the $500,000 to $550,000 range. Although most are still listed at $600,000 or above, the agents are telling me to bring all offers.
The only way to truly know if you’ll get a good deal on a property is to make an offer.
The following chart contains all sold townhouses in 2008 and 2009 in Center Grove. This chart does not include any luxury townhouses such as Abitare, Longview etc.