The median sold price for the Coconut Grove single-family real estate market in 2017 rose compared to the previous year. The numbers are astonishing.
What was the median sold price for 2017?
West Grove - $365,000 ($300 per Sq/Ft)
South Grove - $1,430,000 ($458 per Sq/Ft)
North Grove - $1,025,000 ($442 per Sq/Ft)
Waterfront properties - $6,950,000 ($824.50 per Sq/Ft)
How much did the median sold price rise from 2016 to 2017?
13% for West Grove
18-20% for South and North Grove
And a remarkable 81% for waterfront properties
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Coconut Grove buyers are mostly Miami buyers. The demand comes from neighborhoods like Miami Beach, Key Biscayne, and Pinecrest. This local demand makes the Coconut Grove market a very solid market.
If you have any questions about sub-neighborhoods (West Grove, North Grove, South Grove, Waterfront properties) or specific products (new construction, Spanish architecture, large lots) contact us for a more targeted analysis.
Be sure to hire an expert in the Coconut Grove market.
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Isabelle (305)546-5421, Alba (305)323-2595;
theteam@groveexperts.com