We’re back with the second installment of the 12 Frequently Asked Questions About Selling Your Property Series.
Q: Why can’t I compare my single-family home in South Grove with the same type of home in North Grove?
A: It depends on the price point. For properties under $1M, the price per square foot is similar in both markets. Above this figure, the median and average sale price varies depending on the exact location within Coconut Grove.
Q: My property is in a gated community. Will buyers pay more for it?
A: Yes. It seems as if the whole world wants to live in Coconut Grove! Gated communities are limited in the Grove market and definitely deliver higher sales prices.
Q: New condos are being built in Coconut Grove. Does this affect the value of my existing condo?
A: Yes. New properties serve the luxury market, and we believe they will drive up sales prices across all of Coconut Grove.
Alba Biondi and Isabelle Andrews have been the #1 Top Producing team in the EWM/Christie’s International office in Coconut Grove for the last 4 years. We live in the Grove and publish the Coconut Grove Real Estate Journal, which gives you the current data and trends for this market. This journal can be found on our website, groveexperts.com. Our office is located in the Grove at 3560 Main Hwy Coconut Grove, FL 33133. If you are looking to buy or sell real estate in Coconut Grove, contact us. We will make sure you reach your goals!
Isabelle Andrews 305.546.5421 English/French
Alba Biondi 305.323.2595 English/Spanish/Italian
theteam(at)groveexperts(dotted)com
