Center Grove Is Becoming More Affordable

There are 110 properties for sale in Center Grove.  With 1,000 condos and townhouses in Center Grove on the tax rolls, this figure means that 1 in every 10 is on the market. 

With so much on the market, and so many properties for buyers to choose from, one of the only ways for these sellers to set themselves apart is to be competitive in their pricing.

Center Coconut GroveThat is good news for buyers.  Right now the average List Price in Center Coconut Grove is $415,000.  Of the Closed Sales in 2008, the average List Price was $503,000.   Keep in mind, this number is full of very small, 1 bedroom apartments that are offered in the $100,000 range. 

But it is still an incredible drop and makes Coconut Grove much more affordable than it has been in many years.  Buyers seem to be taking advantage of the numbers, as there have already been 6 properties in Center Grove to go pending this year.  Last year, we saw only approximately 2 go under contract every month.

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