What Sold in Coconut Grove – A Market Snap Shot of the Last Two Months
A Snap Shot Of Sold Coconut Grove Homes in the Last Two Months
22 Sept – 22 Nov 2016
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The average sale price was $449 per SF with $409 per SF for properties sold below $1M and $502 per SF for properties sold above $1M. Properties valued under $1M, sold on average for 5% below their listing prices while this was 11% below listing price in case of properties that were valued at $1M+. As you can see from the table, property prices remain rather conservative and we don’t see heavy peak prices like in recent years. In the last two months one waterfront property sold for $783 per SF while the next two highest sales were $734 per SF at Day Avenue and $667 per SF at Tigertail. The Day Avenue property was sold for land value including the approved plans for two townhomes. The Tigertail property is completely renovated in 2016 by Architect Ralph Tait and Interior Design by Ivan Tovar.
Check our 2016 Miami Residential Real Estate Report for more information on the Coconut Grove Real Estate Market. (Coconut Grove Section starts at Page 11)
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