Well the Coconut Grove Real Estate Statistics are in for the month of May, and as I studied them over my breakfast this morning I have to be honest that I have nothing profound to say except that the market is not getting terribly worse. As you can see from the chart below, Coconut Grove seems to be hovering around the same numbers.
Over the past 12 months we have seen an average of 15 single family homes sold, and 15 homes placed under contract per month in Coconut Grove. For the month of May there were 11 homes sold and 19 pended in Coconut Grove. Price per square foot for single family homes has been approximately $350.00 over the past year and in May it was $349.00. Another interesting number is the “Average Days On The Market”. Over the past year it has taken an average of 130 days to sell a home in Coconut Grove, and for the homes sold in May the number was 145 days.
On the townhouse and condo front, there has been an average of 20 sold per month, and 25 under contract per month over the past year. In May there were 14 sold and 19 pended. Average Price Per Square Foot for condos and townhouses in Coconut Grove was at an all time low of $308.00 for the month of May. Over the past year it has taken an average of 120 days to sell a condo or townhouse in Coconut Grove and in May the number of days was 129.
Coconut Grove Real Estate Statistics through May
Single Family Homes (click to view larger image)
Townhouses and Condos (click to view larger image)
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