I was recently interviewed by Miami Today to comment on Coconut Grove’s real estate market. The luxury sector of the market has slowed as I mention in the article. Properties over $1.5 million are taking longer to sell as there is more inventory than demand. However, I am confident that the properties will sell as Coconut Grove is a highly desirable area.
Properties under a million in Coconut Grove are selling at a healthy pace and relatively quickly as compared to a slowdown in other nearby markets where the $300,000 to $600,000 homes are selling quickly.
As the South Florida real estate market fluctuates, it is more important that ever to partner with a local area Realtor who has a pulse on real-time statistics and the experience to bring a transaction to fruition. This is my ongoing focus with my clients.
To learn more about current Coconut Grove homes for sale click here.
As a Coconut Grove resident and Top Ten Producer for EWM Realty International, I invite you to contact me for any Coconut Grove real estate needs at 305.710.1010.