Market Snapshot Coconut Grove – January 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
Coconut Grove Sales in December 2016 / January 2017
17 Sales in total
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).