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

Coconut Grove Housing Price Spike

We can see a new single-family home market is emerging:

The $1.5 Million+ Market in South Coconut Grove

76% of home sales in the South Grove Market have sold above $1.5M compared with only 38% in 2014, 43% in 2013 and 27% in 2012. This dramatic change is attributed to the median sales price increase from $747,000 to $1,575,000, which is a 110% jump since last quarter.

North Grove Stability

Comparatively, the median sales price of North Grove homes is just below $1M and is slowly increasing. Unlike the spike in median sales price of the South Grove homes, this number has remained relatively constant in the North Grove community.

Find a full overview of the Single Family Home Market Report at "The Coconut Grove Journal of Real Estate".

Interested in selling a single family home in Coconut Grove?

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

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