Souyth Florida Waterfront/beachfront/oceanfront homes for sale FAQs
Is it time to my sell your Coconut Grove Home?
Should you sell your Coconut Grove home or hold on to it?
The Coconut Grove real estate market has seen an enormous and constantly increasing demand in the last few years and therefore prices have grown considerably. Many clients or owners of Coconut Grove homes are now asking themselves: “Is this the best time to sell my Coconut Grove Home?”
Should you sell your Coconut Grove home? What does the market tell us?
The Coconut Grove real estate market has seen quite an intense couple of years. Coconut Grove homes were a hot asset and Coconut Grove homes for sale often sold within a few days after being listed resulting in steeply increasing prices.
Today, we see that Coconut Grove homes have reached record prices, prices that match or even surpass the record prices of the 2006 / 2007 market. As can be seen in the graph below, the average of the 5 most expensive sales in 2015 is showing a steep increase compared to other years. Although the average sales prices per Sq.Ft shows a steady increase, the higher end of the market seems to have peaked.
Looking at the average inventory levels over the years, we see that right after the market crash of 2006 / 2007, the inventory rose to a record number of months in 2008/2009, which reflects in the declining prices. In the years following 2009, inventory decreased and prices started to increase again. Please note that since 2015, the Coconut Grove real estate market saw its inventory increasing again from a balanced market (6 − 9 months of inventory) to a buyer’s market (9+ months of inventory). A rising inventory means that there is more supply than demand, normally resulting in a price correction.
The Coconut Grove home market in graphs
Should you sell your home right now or hold on to it?
Is your home a high-end home, a home that is very well finished and on the higher end of the market? Then this might be the time to sell and to get top dollar!
Is your home very well located in a sought after street with a great lay-out and bone structure? Then this might be the time to sell your Coconut Grove home
Home in the lower or mid end of the market are ok to gold, this market still grows. Prices might still go up and people buy it for land value
Many of the more dated Coconut Grove homes get bought up for land value
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David Siddons
david@siddonsgroup.com | +1 305 508 0899
Meet the team and see our unique insights into the Miami Real Estate Market.
No generalized opinions, we offer an analytical approach.
Preferred agents of First time buyers, Sellers, Investors and Wealth Managers
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
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Analytical
Over 100 reports produced to date
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Knowledgeable
Over 1800 published articles and counting
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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