Cocoplum Real Estate | News Update for October 2016
Cocoplum News Update for October 2016
Since the end of August we had a few closed sales to report. These Cocoplum homes will illustrate what we have been saying all year; the homes that have had major updates are selling for way more than those that have not been updated.
Two Brand new Cocoplum Homes sold
Of the Cocoplum homes for sale that closed in the last 40 days, 2 of them were brand new homes. 141 Rosales ($761 per SF) and 139 Rosales ($705 per SF) were the hight sales psf for homes on dry lots in Cocoplum. These homes had the finishes and updates that buyers want.
Sold for $761 per SF
6 beds / 6.5 baths | 5,620 SF | 15,000 SF Lot | Sale price: $4,278,000 | Built: 2015
Sold for $705 per SF
6 beds / 6.5 baths | 5,813 SF | 15,750 SF Lot | Sale price: $4,100,000 | Built: 2015
The other 2 closed sales in Cocoplum were both waterfront homes.
6995 Prado Blvd and 6900 Mira Flores both closed early September.
6995 Prado Blvd
Sold for $1,100 per SF
5 beds / 5.5 baths | 4,300 SF | 15,361 SF Lot | Sale price: $4,750,000 | Built: 2016
6900 Mira Flores Av
Sold for $513 per SF
6 beds / 5.5 baths | 7,300 SF | 24,500 SF lot | Sale price: $3,750,000 | Built: 1983
It is common for larger homes to sell less per SF than smaller homes but in this case the smaller home sold for double the price per SF. That is a staggering number. This goes to show you that buyers are willing to pay top dollar for a turn key home.
This information is so important for sellers. Having realistic expectations on what you can get for your property is key. I have been analyzing this extremely closely. It is a very clear picture of what is happening in the community. If you have questions about what your home is worth please call me so I can help shed some light.
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