Coconut Grove Luxury Homes are very desired as the area is safe, family friendly, close to Miami’s best private schools and often located in gated communities on waterfront lots. For a personalized search of Coconut Grove Luxury Homes for sale call me at +1 305 508 0899
The comprehensive analysis outlines the Coconut Grove luxury real estate market. This research focuses on the Coconut Grove luxury homes and it includes only those truly luxury properties with a sales price of $2M or more.
This analysis not only shows you the Coconut Grove luxury real estate market status in the first quarter of 2015 but also the price evolution of luxury homes in your neighborhood over the last 4 years.
Average sales prices per Sq.Ft for luxury homes in Coconut Grove – Q1 2015
North Coconut Grove
The average sales prices for luxury homes in North Coconut Grove – divided into all homes, waterfront homes and non-waterfront homes
In Q1 2015 the only two North Grove homes that sold were waterfront homes, therefore causing the prices in Q1 2015 to significantly shift upwards. In the overview below you can see the actual sales prices (per Sq.Ft) and the amount of sales (amount of homes) in North Coconut Grove. In the North Grove prices have grown steadily over the past years with a big jump from 2013 to 2014. As in 2015 only two waterfront homes sold, little can be said about price changes. It is significant to see that in 2014 a much higher amount of Coconut Grove Luxury homes sold compared to previous years. 2015 Seems to be going at a good speed to sell at least an equal, if not higher, amount of Luxury homes than in 2014
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Sales Prices and amount of homes sold in North Coconut Grove from 2011 till 2015
South Coconut Grove
The average sales prices for luxury homes in South Coconut Grove – divided into all homes, waterfront homes and non-waterfront homes
In the overview below you can see the actual sales prices (per Sq.Ft) and the amount of sales in South Coconut Grove. As you can see in Q1 2015, one $11M property sold which made the average prices increase significantly. Without taking into account this particular sale, the average sales price per Sq.Ft would be $573.
The South Grove is showing rising prices, although waterfront properties have remained steady in price over the last few years. In 2014, the amount of luxury homes that sold in South Coconut Grove seemed to be skyrocketing.
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Sales Prices and amount of homes sold in South Coconut Grove from 2011 till 2015
Months of inventory for luxury homes in Coconut Grove
For the months of inventory of Coconut Grove luxury real estate we combined South and North Coconut Grove.
Looking at the inventory levels of luxury properties elsewhere in Miami, Coconut Grove shows a lower level of inventory for luxury properties (see graph below in section “Comparing the Coconut Grove Luxury Real Estate Market“).
The luxury property market always sees higher inventory levels than the more affordable properties therefore numbers here are higher than what you might normally see in our analytical reports.
The months of inventory for Coconut Grove luxury homes
Closed sales and Pending sales of Coconut Grove Luxury Homes in Q1 2015
In the overview below you can see which Coconut Grove luxury properties sold and which ones where under pending sales in Q1 2015
Sold and pending luxury homes in North and South Coconut Grove
Comparing the Coconut Grove Luxury Real Estate Market with Luxury Real Estate in other areas
How does the Coconut Grove Luxury Real Estate market compare to luxury homes in surrounding areas?
In the overview below we compare Coconut Grove luxury homes with Coral Gables, Pinecrest and Ponce Davis.
Average prices for luxury properties in Coconut Grove and other Miami areas
The months of inventory of luxury homes in Pinecrest, Coconut Grove, Coral Gables and Ponce Davis combined
Looking to invest in Coconut Grove luxury real estate or would you like to sit down for a more personal approach? Contact me today
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
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