2 Townhouses Close In Center Grove

GiffordLane

There were two more townhouse sales in Center Coconut Grove last week.  This is encouraging news for the nearly stagnant townhouse market.

The fact that they were both 3 bedrooms, 2 baths and newer construction would make you think that they should sell for a similar price – but the sales prices were $505,000 and $435,000.

GiffordLane2

In general, the exterior of the townhouses in Center Grove tend to look exactly the same but they can vary greatly on the interior depending on the builder and the footprint of the lot.  If you have been inside a few of them you will know that different builders use different quality materials and different layouts.  Some townhouses have a large backyard while others have virtually no backyard.  Some have large bedrooms with smaller living spaces or vice versa.  These differences can cause the sale prices here to be quite erratic.

Due to the fact that there is so much on the market in Center Coconut Grove, it is helpful to have a realtor who knows the market, the quality of the different builders and the streets that have the best value.  If you are interested in buying or selling real estate in Coconut Grove, please feel free to send me a note here.