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    Market Snapshot Coconut Grove – January 2017

    January 27, 2017

    The Coconut Grove Market in January 2017

    This is a quick snapshot of the Coconut Grove single family home market in January 2017. The snapshot is meant to provide sellers and buyers alike with a quick and easy understanding of the Coconut Grove real estate market.

    Coconut Grove Listings as per January 27th
    157 Listings in total

    GRove 1

    Coconut Grove Sales in December 2016 / January 2017
    17 Sales in total

    Grove 2

    The average sales prices per SF per Price range

    Months of Inventory in December 2016

    The months of inventory, the most important indicator for future real estate behavior, are showing very healthy numbers. Below the $1,5 million range the market is experiencing a sellers market while the $1,5M – $2M market is experiencing a very well balanced market. The higher end of the market is seeing a buyers market. Given the low numbers of inventory there is no wonder we just listed a Coconut Grove home on Braganza and had it under contract for sale within 5 days (just below asking and with a back-up contract ready).

    For more information on the above data or a more in-depth explanation of your market please call the David Siddons Group

    David Siddons | +1.305.508.0899 | Siddons.d@ewm.com

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    Download The 2017 Miami Real Estate Report
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    THE 2017 MIAMI REAL ESTATE REPORT

    EX-STOCKBROCKER’S ANALYSIS OF THE MIAMI MARKET

    Call us at: (305) 508-0899 or email us below at siddons.d@ewm.com
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