The Coconut Grove September 2018 Market Snapshot gives you up-to-date market statistics for real estate in Coconut Grove including current properties listed for sale and closed sales in the last six (6) months.
If you are considering selling your home or purchasing real estate in Coconut Grove, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the Multiple Listing Service (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.
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, Senior Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his Coconut Grove office at (305) 350-9842, on his cell at (786) 566-1700 or via email at firstname.lastname@example.org.
To see all Coconut Grove market stats, please read: 2017 Coconut Grove Real Estate Statistics: A Look Back