The Grove Experts Report

Dear Grovites,

Second quarter 2014 sales performance of the single-family market is up by 50% in total $ sold compared with the first quarter 2014 ($82,488,855 2nd Q 2014 versus $54,523,940 1st Q 2014). This increase is mostly due to the waterfront market performance. Five waterfront properties sold this quarter for $13,700,000 (only one property sold all last year).

North Grove and South Grove have been selling about the same number of properties every quarter since the beginning of 2013. This quarter the median sold price in South Grove jumped 54% compared with the first quarter 2014 ($1,387,500 2nd Q 2014 versus $899,000 1st Q 2014). Nine properties sold in West Grove, with three of them selling for more than $400,000.

The number of units sold in the condo market has increased by 43% compared with the first quarter 2014 and 16% compared with the second quarter 2013. As predicted in our first quarter 2014 magazine, amazing sales of pre-construction luxury condos shook the $2 million and above resale market this quarter, with four condos being sold in this price range.
Market behavior varies widely for each price segment, each sub-neighborhood, and each building. For our in-depth analysis of your property’s value, please call us. We will share our knowledge with you.

Click Here for the Complete Second Quarter Report.

We are the #1 Team- EWM Coconut Grove

Top 1/2 of 1% Nationally

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary. Our purpose is to introduce Coconut Grove to the worl as the ultimae neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happienss and satisfaction is at the heart of our team's culture. Call us to sell or buy a home in Coconut Grove.

Are you thinking about buying or selling in Coconut Grove? Call Isabelle Andrews 305-546-5421, Alba Biondi 305-323-2595, or send us an email for more information.

Grove Experts

Featured in the New York Times Buyers Guide Sellers Guide Whats my property worth
Click on the Area Map

Search by Neightborhood within Coconut Grove: North Grove, South Grove, Central Grove and West Grove.

A contemporary townhouse rental
Located only minutes away from the Metrorail, Brickell, MIA, and the beaches. This beautiful...

321 Manor Pl House Tour
We didn't want you to miss the opportunity to tour this home so we decided to bring the...

We're back with another update
Let's talk about what happened to the market in April 2020. Click here to join our...