Tracking The Coconut Grove Real Estate Market
By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
In doing some research for a listing appointment here in Coconut Grove I noticed some surprising figures. There have been no homes to sell in the price range of $800,000 to $1,000,000 in the past 5 months and only 1 between $700,000 and $1,000,000 in the past 6 months. I remember back during the boom this was the hottest price point here in Coconut Grove. Now the most active price range has come down to the $400,000 to $600,000 range. Today there are only 30 homes priced between $700,000 and $1,000,000 on the market in Coconut Grove. This low amount of inventory could certainly account for the lack of sales. If you are one of the 30 homes priced between $700,000 and $1,000,000 the best advice I can give is to price your home as close to market value as possible and take off the ...
Comments
0