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

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The single-family real estate market for Coconut Grove is on fire. The sales volume has exploded and continues to expand. The Coconut Grove real estate market has been overperforming for the first quarter of 2017.

You can find a complete analysis, including single-family home sales, condo sales, new construction, and more by clicking one of the links below.

Choose the language you would prefer to hear it in: English, Spanish, or French.

For a high-performance investment, or to find your dream home, call us or email us.

Isabelle (305)546-5421, Alba (305)323-2595;
theteam@groveexperts.com



 

You could get a house with approximately 3,000 SqFt of living space with 3 or 4 bedrooms with a 7,000-10,000 SqFt lot.

For the year-to-date market performance, we compiled for you the numbers below.

It is a seller's market.

Do you know how much your property is worth in this changing market? Call us for a complimentary and confidential market analysis.

Isabelle (305)546-5421, Alba (305)323-2595;

theteam@groveexperts.com



 

From 2009 to 2016, the Coconut Grove real estate market grew from $100 million in annual sales to $238 million. This was an amazing increase of 138% in only 7 years. Interestingly enough, during the same period, the number of properties sold increased by only 27%. In 2009, 138 single-family homes sold compared with 176 sales last year.

The market is still very diverse. During the first 6 months of 2017, the lowest-price sale was $245,000 for an 880 sq/ft home located in West Grove. At the opposite end of the spectrum, the highest price was $12,400,000 for a waterfront property with 14,097 sq/ft of living space. These 2 properties are located just a few miles apart.

Of all single-family homes sold in Coconut Grove, 60% sold for over $1 million during the first 6 months of 2017.

A market for new construction is also emerging. Thirteen homes built since 2014 have sold in 2017. Most of these offer a contemporary style. The average sales price is $2,379,865, and the average price per sq/ft is $554.

The volume of pending sales confirms the market’s upward trend.

Do you know how much your property is worth in this changing market? Call us for a complimentary and confidential market analysis.

Isabelle (305)546-5421, Alba (305)323-2595; theteam@groveexperts.com



 

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