The 19% decrease in the number of condos sold compares with a 19% increase in available inventory—yes, the same number on opposite sides of spectrum.
More inventory and fewer units sold has been the trend in the under $1M market since 2014. Eighty-three units were available for sale at the end of the 1Q 2016. Seventy units were available for sale at the end of the 1Q 2015, and 40 units were available for sale at the end of the 1Q 2014.
Here is our advice if you are thinking of selling your condo: (1) prepare your property, (2) consult with a professional who specializes in Coconut Grove, (3) be very careful when deciding on the asking price. If you would like to have a confidential meeting regarding the sale of your condo, call us today. We would love to offer you our expertise and knowledge of the Coconut Grove market.
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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Grove Experts
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Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client’s happiness and satisfaction is at the heart of our team’s culture.
