Hola Grovites y el resto del mundo,

Bienvenidos a nuestro “Coconut Grove Journal of Real Estate” nuestro análisis personal del Mercado de bienes raíces en Coconut Grove.

El tercer trimestre del 2014 muestra cifras negativas por primera vez en los últimos 4 años. La Buena noticia es que el inventario de propiedades para la venta sigue siendo muy bajo.

47 apartamentos se vendieron en Coconut Grove durante el tercer trimestre 2014, esta cifra representa 25% menos comparado con el número de apartamentos vendidos durante el trimestre anterior y 33% menos comparado con el tercer trimestre del 2013. Esta reducción viene particularmente del segmento de apartamentos con un precio por debajo de los $500.000, donde el inventario es muy escaso.

El volumen total de las ventas en el mercado de condominios también experimento una disminución, se produjeron ventas por $27.232.268, esto representa una baja del 19% comparado con el mismo trimestre del 2013 y de 21% comparado con el trimestre anterior de 2014.

La buena noticia es que en el mercado de condominios la oferta también disminuyó.

¿Estamos frente a un estancamiento del mercado de bienes raíces luego de 4 años de una expansión extraordinaria? Las cifras del próximo trimestre contestaran esta pregunta.

Para leer en ingles, haz click aqui.

¿Tiene preguntas sobre el mercado de bienes raices en Coconut Grove? Llame a Alba Biondi a 305-323-2595, o mándenos un email a theteam@groveexperts.com

Nosotras somos el equipo #1 – EWM Coconut Grove

Top ½ de 1% a Nivel Nacional

EWM 2013 Chairman’s Club – Nivel de Diamante

Nosotras creemos que Coconut Grove es extraordinaria. Nuestra meta es introducir Coconut Grove al mundo como el mejor barrio para gente en busca de belleza, elegancia tropical, y una alta calidad de vida. La búsqueda de la felicidad y satisfacción de nuestros clientes está en el corazón de la cultura de nuestro equipo.

Grove Experts

Interested in a home in South Grove?

A very constant sales performance in number of homes sold. 29 sold the 1Q 2014 and 28 sold respectively for the 2Q and 3Q 2014.

Sales volume and median price decreased respectively by 26% and 20% compared with the 2Q 2014.

The number of homes for sale has been constant through 2014: 54 at the end of the 1Q, 57 in the 2Q 2014, and 49 for the 3Q.

Are you looking for a home in South Grove? We have a wonderful listing at:

3711 Battersea Road

Single Family Home

Click Here for more information

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.

Interested in buying or selling a home in South Grove? Call Isabelle Andrews at 305-546-5421 or Alba Biondi at 305-323-2595 or email us at theteam@groveexperts.com

Grove Experts

EWM Realty International is proud to be the official Real Estate sponsor of...

Art Miami 2014

December 2-December 7,2014

Art Miami is Midtown Miami’s annual contemporary art fair. This vibrant event is hosted during the first week of December, and attracts 13,600 artists and collectors, and 72,500 art viewers worldwide. Everything from sculptures and paintings to photographs and installations will be on display. This is Art Miami’s 25th year, making it the longest running fair in Miami and some of the most respected galleries will be showcasing their art. This year will bring amazing pieces from the 20th and 21st century, so prepare to enjoy an incredible array of art!

Miami is now a cultural destination. If you want to discover more about all Miami has to offer, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email theteam@groveexperts.com today.

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.

Looking to buy in North Grove?

10 properties sold during the 3Q versus 21 the 2Q 2014. This sales performance is also below the same 3Q of last year when 19 homes sold. Sales volume decreased by 51% compared with the 2Q.

The median sold price was $700,000 for the 3Q 2013, $935,000 for the 2Q 2014, and $930,000 for the 3Q 2014.

The number of homes for sale has been constant through 2014: 32 at the end of the 1Q and 2Q 2014 and 35 for the 3Q.

Currently, we have 2 listings for sale in North Grove:

2375 Overbrook Street - $699,000

Single Family Home

Click Here for More Information

2000 South Bayshore Drive #4 – L’Hermitage - $1,299,000

Luxury Townhome

3 bedroom 4 bathroom townhome, 3717 square feet listed at $1,480,000.

(currently under contract)

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.

Interested in buying or selling a home in North Grove?

Call Isabelle Andrews at 305-546-5421 or Alba Biondi at 305-323-2595 or email us at theteam@groveexperts.com

Grove Experts

Grove Isle's Proposed Newest Addition

Grove Isle Developers have proposed the demolition of the hotel portion of Grove Isle (Grove Isle Hotel and Spa) to build a 4th condo building. This glass and concrete building will have 18 stories and add an ultra modern flair. There are many concerns and speculations about the building of this new condo, especially from current Grove Isle residents. They worry not only for construction disruption that may last for about 2-3 years, but also for slow moving traffic on South Bayshore Drive, and privitazation of the island which would exclude non-residents from enjoying its various amenities. This proposal has not yet been approved and is awaiting confirmation from the city of Miami. Residents have started a movement, the Preserve Grove Isle campaign, or PGI, which seeks to stop the destruction of the hotel or at least revise the plan for the high-density project.

Interested in buying or selling a condo in Coconut Grove, call Isabelle Andrews at 305-546-5421 or Alba Biondi at 305-323-2595 or send us an email at theteam@groveexperts.com

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.

Grove Experts

Check out the Single Family Market Activity during the 3rd Quarter!

The above graphs depict the single family homes sold this past quarter in each section of the Grove (Center Grove, North Grove, South Grove, West Grove, and Waterfront Properties). Selling numbers range from 1 to 28 homes sold. The highest number of homes sold was in South Grove (consistent with past quarters). Also take a look at the number of homes sold in each price range. 7 homes were sold for more than $3 million in Coconut Grove this quarter!

Have questions about the Coconut Grove market? Call Isabelle Andrews 305-546-5421, Alba Biondi 305-323-2595, or email theteam@groveexperts.com today.

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture. Call us to sell or buy a home in Coconut Grove.

Check out the biggest condo sellers this past quarter!

Take a look at the graph to see the biggest condo sellers this past quarter in Coconut Grove. Selling prices range widely from $180,000 to almost $7.7 million. There is something for everyone!

Have questions about the Coconut Grove market? call Isabelle Andrews 305-546-5421, Alba Biondi 305-323-2595, or email theteam@groveexperts.com today.

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture. Call us to sell or buy a home in Coconut Grove.

3rd Quarter 2014 Condo Market in Numbers:

47 # of condo units sold

88 # of condo units for sale as of 10/5/ 2014

$27,232,268 total volume sales

2 # of short Sale Sold

5 # of bank owned properties sold

45% of all transactions were paid cash

Interested in buying or selling a condominium in Coconut Grove? Call Isabelle Andrews 305-546-5421, Alba Biondi 305-323-2595, or email Theteam@groveexperts.com

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture. Call us to sell or buy a home in Coconut Grove.



Grove Experts

Dear Grovites,

We are pleased to bring you the 3rd quarter analysis of the Coconut Grove Journal of Real Estate.

This third quarter 2014 brings us many surprises as far as market trends and available inventory. We have analyzed the single family median sold price, the number of homes sold, as well as the condo market prices, and condo units sold this quarter. The Coconut Grove housing market is in line for great success!

...To read the entire 3rd Quarter analysis in the Coconut Grove Journal of Real Estate, stay tuned for its publication in the next few weeks!

Have questions about the Coconut Grove market? call Isabelle Andrews 305-546-5421, Alba Biondi 305-323-2595, or email theteam@groveexperts.com today.

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 world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture. Call us to sell or buy a home in Coconut Grove.