|
Good
News
for 2009
Hurrah! We have
had a rise in the number of sales in 2008 over
the number of sales at the end of 2007!
Pending
sales ending December this year are higher than the end of
December last year!
| |
Year End
2007 |
End of
July 2008 |
|
End of
Sept. 2008 |
|
Year
End
2008 |
| Coconut Grove*
|
| Actively on the market for sale now |
350 |
311 |
** |
298 |
** |
339 |
| Pending |
11 |
19 |
|
14 |
|
18 |
| Closed in the last three months |
33 |
29 |
|
29 |
|
27 |
| * Includes areas north
of US1 such as Shenandoah & Silver Bluff |
|
| Coral Gables |
|
|
|
|
|
|
| Actively on the market for sale now |
561 |
579 |
|
564 |
|
556 |
| Pending |
38 |
78 |
|
59 |
|
59 |
| Closed in the last three months |
57 |
73 |
|
94 |
|
64 |
** In the previous years’ surveys we only included properties
over $500,000, as that was entry level for Coconut Grove.
Now homes even in the Grove have dropped below $500,000, which
made it look like inventory had dropped. We had not surveyed
the prices below $500,000 so they were not being tracked.
As of this survey for December 2008 we began the survey at
$400,000 in Coconut Grove. What appears to be an increased
inventory is being accurate where the properties are now indeed
priced. Coral Gables figures already included the lower numbers.
No adjustment was necessary. There have even been two “fix-up”
sales in the $375,000 range on Poinciana in South Grove. There
are many sales in the Gables in the 300,000’s and $400,000
and even several sales in the mid $200,000 range in North
Gables.
Sales are happening in all price ranges.
The
sales prices range from the Casa Blanca bay front estate of
over 7 acres sold by one of my associates at Coldwell Banker
for $11,500,000 and a Tahiti Beach for $14,245,000.…
to homes that needed a lot of work selling in the $200,000’s
and $300,000’s.
Interest rates are again at historic lows so it is
a great time to make a move.
Your Agent is Very Important!
In this unique
and diverse market in the Coconut Grove and Coral Gables area,
now more than ever, it is essential that sellers hire a knowledgeable
professional local expert to help sell their property.
If you or any of your friends or neighbors are interested
in making a move, please call me at 305-442-2055. Together
we will fine-tune these numbers to effectively position your
property. You will receive the best possible exposure with
“My Boutique Service & Marketing”, and the
Global Reach of Coldwell Banker’s International Network
and Internet Domination. This will secure you the best possible
price and you can begin to live your new dream today!
Now is the time. Anne Platt is your agent!
417 Amalfi |
Featured Property:
Dramatic Brand New Construction
Three Bedroom Pool Home in Coral Gables
$950,000.00
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