Inventory In Coconut Grove Trending Up In Price

Today I’d like to analyze the homes that are currently on the market in Coconut Grove. Right now we have a total of 163 single-family homes listed for sale. While this number is consistent with our inventory last year, the figure is still quite high for Coconut Grove. I would prefer to see that number drop down to 120 which would give us a more balanced market.

An interesting thing I would like to point out is that the percentage of homes under $1,000,000 on the market is declining every year. As you can see in the pie chart below, homes listed up to $999,999 make up just 21% of our homes on the market. Even more shocking news is that our average list price has risen to $2,190,393.

This year we have fewer ultra-luxury homes listed for sale while the $1,000,000 – $3,000,000 has grown by 10%.

If you’re interested in buying or selling a home in Coconut Grove, please reach out to me. As Coconut Grove’s top producing Realtor, I’d love the opportunity to work with you and share with you why I love to call this incredible community home. I can be reached anytime at 305-342-1623 or via email at riley@rileysmithgroup.com.