If you are considering purchasing real estate in Coconut Grove, it is crucial for you to be informed about the current state of the Coconut Grove real estate market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coconut Grove.
Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale.
After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coconut Grove over the past 6 months, broken down by price per square foot.
Up-to-date market statistics is vital information for anyone considering purchasing a home. I want to keep all of my clients informed about the facts of the current market, so I will be publishing a market snapshot, from here on out, every other month for the current inventory of single-family homes in Coconut Grove, broken down by average price per square foot.
If you are interested in purchasing a home in Coconut Grove, or simply would like more information about the Coconut Grove real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at email@example.com.