Drop In Out-Of-State Buyers

Good or bad, I report the news as I see it.  In my own experience and from my conversations with other top Coconut Grove Realtors, we are currently experiencing a slight drop in buyers from out-of-state.  While the number of local and international buyers remains strong there are definitely fewer out-of-state buyers at the moment.

I believe that the slowdown is due to the uncertainty of the Presidential Election.  Regardless of your political affiliation, some people are uneasy about making a major investment (particularly a second home) at a time when the direction of the country is unsettled.  I am positive that buyer confidence will return by mid to end November.

If you are trying to sell a property that appeals mostly to second home buyers (and in Coconut Grove we have an abundance of those) you should see an increase in activity once the election is over.

I have earned the distinction of selling the most number of homes in Coconut Grove for the past 3 years. If you would like to schedule a buyer or seller meeting with me, please feel free to contact me on my cell at 305-342-1623 or send me a note here.

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 information regarding the upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.