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

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Imagine driving up to your property located on one of the most sought after streets in Coconut Grove, Kiaora Street. It radiates unique style & charm with its formal living and dining rooms, wood floors, fireplace, & great room surrounded by French doors opening to the secluded garden and pool. The English style breakfast & sitting room are wonderful additions to the kitchen. This property is a rare find and a tropical retreat.

The home features three bedrooms/three bathrooms in the main house with an additional detached bedroom and bathroom, an expansive garden and pool, and an attached garage in an over 20,000 Sq/Ft lot. Offered at $2,200,000, the pictures say it all.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

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.



 

The overall Coconut Grove single-family home performance of the market was the same as last year for the first quarter.

• $50,090,050 was the total sales volume for the 1Q 2016 versus $52,76,050 for the 1Q 2015.

• 39 single-family homes were sold versus 35 during the same period last year.

• Median sales price was $775,000 in North Grove and $1,525,000 in South Grove versus $950,000 and $1,575,000 in 2015.

• 51% were cash deals versus 46% last year.

The difference compared with last year? A shift occurred in the available inventory for sale, with a huge increase in the $2M+ market, an emerging market for new construction, and new values in West Grove.

If you are thinking of selling your house, call us for a hyperanalysis of the market tailored for your property.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

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.



 

As the total number of homes sold during the last 2 years is almost identical in North Grove and South Grove, the inventory for sale is increasing by 47% and 64% respectively in both neighborhoods for homes priced at more than $1M.

For properties priced between $1M and $2M, almost 2 years of inventory is available for sale in North Grove and 10 months in South Grove.

For the market over the $2M price point, only 1 property was sold out of the 15 available in North Grove, and South Grove carries about 18 months of available inventory.

This excess of inventory for sale will affect prices, and available homes for sale in North Grove and South Grove had price reductions of 32% and 41% respectively.

Market prices for waterfront single-family homes will also be affected by the 11 properties for sale in April when only 1 sold during 1Q 2016. Six of the 11 properties had at least one price reduction.

Waterfront properties are not included in this study.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

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.



 

“New construction” represents single-family homes built in 2015 and 2016.

Twelve and 11 newly constructed homes were available for sale in North and South Grove respectively at the beginning of April 2016.*

They represent 53% of the available property over $1M in North Grove and 43% in South Grove. The asking price ranges from $1,500,000 to $2,720,000. The average asking price per sq/ft is $522 and $557 in North and South Grove.

Only 1 sold during the 1Q 2016. It sold for $487 per sq/ft. and is located at 4080 Ensenada Ave.

In West Grove, 12 of the 29 single-family homes available for sale represent new construction. Most of them are not yet built. They range in price from $499,000 to $780,000. Only 6 homes sold during the 1Q 2016, and the sales price ranged from $150,100 to $346,000. No newly constructed homes were sold.

*Waterfront properties are not included.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

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.



 

The 19% decrease in the number of condos sold compares with a 19% increase in available inventory—yes, the same number on opposite sides of spectrum.

More inventory and fewer units sold has been the trend in the under $1M market since 2014. Eighty-three units were available for sale at the end of the 1Q 2016. Seventy units were available for sale at the end of the 1Q 2015, and 40 units were available for sale at the end of the 1Q 2014.

Here is our advice if you are thinking of selling your condo: (1) prepare your property, (2) consult with a professional who specializes in Coconut Grove, (3) be very careful when deciding on the asking price. If you would like to have a confidential meeting regarding the sale of your condo, call us today. We would love to offer you our expertise and knowledge of the Coconut Grove market.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

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.



 

Our new property, located at 10185 Collins Avenue Unit PH23, is a true envisionment of the spirit of Miami. In an iconic area, this waterfront condo is a mere minutes walk from Miami Beach. The famous Plaza of Bal Harbour offers many amenities including a gym, community club house, numerous pools, and most importantly, guest parking which is almost impossible to find on Miami beach. The apartment itself features one bedroom and one and a half bathrooms. It has marble floors, an electric range, and a beautiful balcony overlooking the water. All of this could be yours today and it is offered at $544,900.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

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.



 

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