ISABELLE ANDREWS P.A.
305.546.5421
theteam@groveexperts.com

Tags:   Isabelle Andrews, Coconut Grove, The Grove Experts, Alba Biondi

The market for new construction in Coconut Grove is emerging.

"New construction" represents single-family homes built in the year 2014 and after. The expansion of this market is evident with 23 homes sold in 2017 versus 9 the previous year. The median sold price was respectively $1,925,000 in South Grove ($505/Sq. Ft.) and $2,075,000 in North Grove ($490/Sq. Ft.). Only one new waterfront construction sold for $7,550,000 ($769/Sq. Ft.).

These homes offer the optimum contemporary features, luxury, and location. As of January 2018 there are 22 new construction properties available. This represents one year of inventory. It is a buyer's market because the available inventory is superior to the 6-9 month level.

Buyers of these properties demand superior design and quality. Homes that meet buyers' expectations will sell at a much higher price per Sq. Ft. than those that do not.

Be sure to hire an expert in the Coconut Grove market.
You deserve local expertise and the finest national and international marketing.

This is what we provide.

Isabelle (305)546-5421, Alba (305)323-2595;
theteam@groveexperts.com

 

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