3rd Quarter Coconut Grove Condominium Market Analysis

During the 3rd quarter of 2013, Coconut Grove sold 68 condominiums. The market experienced an incredible increase of 48% in the number of units sold compared to the 2nd quarter. Gross sales have decreased slightly from $34,988,475 sold during the 2nd quarter to $32,200,439 sold during the 3rd quarter. This decrease is due to a larger number of units sold in a price range under the million dollar range, compared to the last quarter. Exactly the same number of condos was sold as ashort sale (7) during these 2 quarters of the year and 6 properties were sold as a bank owned transaction, 3 more compared with the last quarter. The highest sold condominium during the 3rd quarter was at Beacon Harbor, a 4bd/4bth unit for $2,200,000. Take a look at the statistics of the condominium sale ranges this past quarter.

If you are interested in purchasing or renting a condominium in Coconut Grove, please call Alba Biondi at 305-323-2595 or Isabelle Andrews at 305-546-5421 or visit our website.

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