Both the number of condos sold and the number fo condos available for sale have declined since the beginning of 2015. These two trends translate to an average 7.5 months of inventory, which is a sign of a healthy market.
Here is an in depth overview of the three major buildings in Coconut Grove:
Grovenor House
8 units sold in 2015 versus 15 in 2014. The 2015 total volume sold was $23,165,000, a 41% decrease compared with 2014. The average sales price per Sq/Ft was $949 in 2015 versus $879 in 2014, an 8% increase.
Yacht Harbour
9 units sold in 2015 versus 1 in 2014. The highest sale was $412 per Sq/Ft. It was on of our listings! The lowest price was $226 per Sq/Ft. It was a short sale. The average sold price was $343 per Sq/Ft.
Grove Isle
19 units sold at the iconic Coconut Grove building during 2015 versus 14 in 2014. The total volume sold in 2015 was $14,302,800 compared with $13,964,500 in 2014, a 2.3% increase.
To find out more information, visit our ISSUU page at the link below:
https://issuu.com/groveexpertsjournal/docs/magazine_final
If you are interested in buying or selling property, call Isabelle Andrews at 305.546.5421, Alba Biondi at 305.323.2595, or email us at theteam(at)groveexperts(dotted)com.
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