Our office has sensed a definite shift in the Coconut Grove real estate market since January 1st. We have been going non-stop with showing requests for our properties, negotiating deals, buyers meetings and listing appointments. I believe that everyone who was sitting on the sidelines in 2016 has finally decided that it’s time to make a move. In addition, there have been 22 new single-family listings to come on the market over the past 20 days which has helped re-ignite interest in buyers.
We recently listed the property at 3645 Battersea Road in South Coconut Grove and placed it under contract just 5 days later. This was a turn-key ready home that offered 3 bedrooms, 3 baths (+ den), pool, 2,787 square feet of living area on a 10,500 square foot lot. The home was listed for $1,425,000. This is the perfect example of the type of property that is moving quickly in today’s market – it was move-in ready, had a pool, impact windows and was listed under $1,500,000.
There have been 8 single-family homes to go under contract so far in January, I would love to see that momentum continue through the rest of the winter.
Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows the market inside and out. If you would like to buy or sell real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.
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