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Coconut Grove Market Update

June 20th, 2012 Written By Carol Pawley

As of late, the real estate market has been picking up speed as more and more buyers are realizing that now is the time to buy. Well priced homes have been selling in record time and inventory is low across markets. The pace is even faster in high demand areas, such as Coconut Grove and Coral Gables. The charts below outline the market activity for the first quarter of 2012 in Coconut Grove for single family homes. Overall there were 21 reported sales in the North and South Grove combined and the average price per sq. ft. for the two is $253.

Average price per sq. ft. = $240

Average price per sq. ft. = $266

I have over 20 years of experience in the South Florida real estate market. The majority of my business is done in Coral Gables and Coconut Grove – I’m a local who grew up here and knows the area. I’ve consistently ranked in the top of my field, locally and nationally. Let me show you what real estate is all about. Call me for a free home evaluation at 305-992-6188 or send me an email at carolapawley@gmail.com.

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