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By Anne Platt
Sunny South
Florida has always been the home of extravagant highs &
extreme lows & the current real estate sales are no exception.
At the end
of the first quarter for the last six months South
Coconut Grove had twenty-three closed sales & an average
sales price of $1,273,826 compared to twenty-five
closed sales & an average sales price of $1,195,296 for
the same time period one year ago. North
Coconut Grove for the last six months had twenty closed
sales and an average price of $927,225 compared to
twenty-three closed sales and an average price of $824,473
for the same time period a year ago.
Coral
Gables at end of the first quarter for the last six months
had one hundred thirty-seven closed sales & an average
sales price of $890,953 compared to one hundred thirty-two
closed sales & an average sales price of $1,236,146 for
the same time period a year ago.
Then take a look at
the dive in the median sales price for both areas!
Now what does this
mean!?!
After conferencing
with several of my Coldwell Banker colleagues, we believe
that the rise in the upper end prices in Coconut Grove emphasizes
that we are a stable, growing & valued neighborhood. The
rise in the average price signifies that larger & more
expensive homes are in demand.
After conferencing with several of my Coldwell
Banker colleagues,
we believe that the rise in the upper end prices in Coconut
Grove emphasizes that we are a stable, growing & valued
neighborhood...
Coconut Grove & Coral Gables have always been excellent
& sought after places to live, work & play. |
Though Coral
Gables appears to have had a drop in the average sales price
that is due more to the lack of closed sales in Gables Estates
& other ultra luxury neighborhoods rather than a drastic
drop in home values throughout. Last year there were
four properties over seven million dollars sold. This year
one to date had closed by March 31. There has now been one
closing in April for $12,900,000. That would have raised the
average sales price to $995,789. Coconut Grove & Coral
Gables have always been excellent & sought after places
to live, work & play.
The drop in the median
price does show that we have been touched by the real estate
slowdown. There are many outstanding bargains on the market.
Astute buyers, anxious to move to Coral Gables & Coconut
Grove at prices not imagined four years ago, are now snapping
them up.
Please email or call
me & let me hear your thoughts.
If you or a friend,
colleague or neighbor have thoughts of making a move, please
call me & I will be glad to consult with you & fine-tune
the sales information to help you determine the money that
you will realize from the sale of your property. Remember
that interest rates are at unheard of lows & it is an
exceptional time to move to a larger home.
Call for Anne's written Pledge
of Plattinum Service.
Trust thirty three years of experience to help you make your
next move.
(All sales information is from the SE
Florida Multiple Listing Service)
Coral
Gables
137 Closed Sales Coral Gables for the
past six months ending March 31, 2009 |
| |
Beds |
Baths |
Sq/
Ft. |
List
Price |
Sales
Price |
SP/Sq
Ft |
SP/LP
|
DOM |
| High |
7 |
7 |
12,328
|
$9,945,000
|
$8,450,000
|
$745
|
117%
|
808 |
| Low |
0 |
0 |
0 |
$133,000
|
$123,375
|
$72
|
54%
|
0 |
| Average |
3 |
2 |
2,648
|
$1,024,519
|
$890,953
|
$267
|
90% |
142 |
| Median |
3 |
2 |
2,075
|
$625,000
|
$540,000
|
$255
|
91% |
94 |
588
properties were currently active on the market March
31, 2009 |
| Coral
Gables
132 Closed Sales Coral Gables from Oct.
1, 2007 to March 31, 2008 |
| |
Beds |
Baths |
Sq/
Ft. |
List
Price |
Sales
Price |
SP/Sq
Ft |
SP/LP
|
DOM |
| High |
8 |
8 |
11,598
|
$15,900,000
|
$11,700,000
|
$1,300
|
122%
|
534 |
| Low |
0 |
0 |
0 |
$309,900
|
$280,000
|
$157
|
62%
|
2 |
| Average |
3 |
2 |
2,894
|
$1,388,938
|
$1,236,146
|
$363
|
91% |
133 |
| Median |
3 |
2 |
2,264
|
$799,000
|
$726,000
|
$320
|
92%
|
94 |
630
properties were currently active on the market March
31, 2008 |
Please call Anne should
you wish a personal list of sales in your immediate neighborhood.
South
Coconut Grove
23 Closed Sales South Coconut Grove for
the past six months ending March 31, 2009 |
| |
Beds |
Baths |
Sq/
Ft. |
List
Price |
Sales
Price |
SP/Sq
Ft |
SP/LP
|
DOM |
| High |
7 |
8 |
9,941
|
$4,990,000
|
$4,250,000
|
$454
|
100%
|
503 |
| Low |
2 |
2 |
0 |
$300,000
|
$250,000
|
$106
|
68%
|
6 |
| Average |
4 |
3 |
3,966
|
$1,493,469
|
$1,273,826
|
$292
|
86% |
132 |
| Median |
4 |
3 |
3,443
|
$799,900
|
$730,000
|
$298
|
89% |
110 |
119
properties are currently active on the market March
31, 2009 in South Coconut Grove
115 were active on the market March 31, 2008
The median sales price for the past six months ending
March 31, 2008 was $960,000. |
| South
Coconut Grove |
| CD |
ADDRESS |
BEDS |
FB |
HB |
TX
SQFT |
YR |
SF
LAND |
GAR |
POOL |
|
LP$ |
SP$ |
SP$/
LP |
DOM |
|
11/05/2008 |
3410
POINCIANA AV |
7 |
7
|
2
|
13253
|
2006
|
28924
|
3 |
Y |
|
$4,990,000
|
$4,250,000
|
85%
|
51+ |
|
3/06/2009 |
3570
S MOORINGS WY |
6
|
8
|
1
|
8142
|
2005
|
21360
|
2
|
Y
|
 |
$4,950,000 |
$3,700,000
|
75%
|
182 |
|
12/05/2008 |
3928
HARDIE RD |
6 |
8 |
1 |
|
2005
|
20097
|
3
|
Y
|
|
$2,699,999
|
$2,595,000
|
96% |
110+ |
|
11/17/2008 |
4050
BATTERSEA RD |
6 |
5
|
1
|
5932
|
2006
|
15075
|
2
|
Y
|
|
$3,200,000 |
$2,575,000
|
80%
|
271 |
|
12/10/2008 |
3431
N MOORINGS WY |
5
|
4 |
1 |
5344
|
1936
|
12000
|
2
|
Y
|
|
$2,495,000
|
$2,350,000
|
94% |
110 |
|
03/27/2009 |
3647
MATHESON AV |
6 |
6 |
1
|
6348
|
2004
|
15006
|
2
|
Y
|
|
$2,450,000
|
$2,200,000
|
90%
|
26+ |
|
12/15/2008 |
3821
EL PRADO BL |
6
|
4
|
1
|
2967
|
1937
|
37214
|
2
|
Y
|
|
$1,799,000 |
$1,300,000
|
72%
|
503 |
|
12/03/2008 |
4130
HARDIE AV |
4
|
4
|
0
|
4300
|
2007
|
6500
|
2 |
Y |
|
$1,399,000 |
$1,250,000 |
89%
|
321
|
|
03/17/2009 |
3976
LITTLE AV |
6
|
4
|
2
|
5800
|
1922 |
17100 |
3
|
Y
|
|
$1,495,000
|
$1,200,000
|
80%
|
31++ |
|
11/14/2008 |
3362
DEVON RD |
4
|
4
|
1
|
|
1950
|
16200
|
2
|
Y
|
|
$1,199,000
|
$1,170,000
|
98%
|
6 |
|
02/15/2009 |
4231
JUSTISON CT |
4
|
4
|
0
|
4254
|
2004
|
9980
|
2 |
Y |
|
$899,000
|
$901,000
|
100%
|
116 |
|
02/26/2009 |
3625
BATTERSEA RD |
5
|
3
|
|
3683 |
1961 |
10500 |
0 |
Y
|
|
$799,900
|
$730,000
|
91%
|
122
|
|
11/13/2008 |
4001
HARDIE AV |
3 |
2 |
1 |
2000 |
1951 |
7905 |
0 |
Y |
|
$799,000 |
$660,000 |
83 % |
184 |
|
10/10/2008 |
4110
LYBYER AV |
4 |
3 |
0 |
1612
|
1945 |
8400 |
0 |
Y |
|
$749,000 |
$660,000 |
88%
|
56 |
|
12/16/2008 |
4070
MALAGA AV |
3
|
2 |
1 |
2923 |
1980 |
5781
|
0
|
Y
|
|
$699,000
|
$660,000 |
94% |
21 |
|
10/31/2008 |
3816
MAIN HY |
3
|
2
|
0
|
4097
|
1938
|
14810
|
0
|
Y
|
|
$739,900
|
$500,000
|
68%
|
48 |
|
11/25/2008 |
4051
PARK AV |
3 |
3 |
0 |
1437 |
1937
|
6941 |
0 |
Y
|
|
$549,000 |
$452,000
|
82% |
128 |
|
03/13/2009 |
3855
POINCIANA AV |
2
|
2 |
0 |
1606 |
1950 |
10000 |
2 |
N |
|
$495,000 |
$450,000 |
90%
|
182 |
|
12/30/2008 |
4012
BONITA AV |
3
|
2
|
0
|
2404
|
1977 |
5650 |
0 |
N |
|
$425,000 |
$425,000 |
100%
|
354 |
|
12/18/2008 |
4060
POINCIANA AV |
3
|
2
|
0
|
1761
|
1976
|
6000 |
0 |
N |
|
$399,000 |
$375,000 |
94% |
111 |
|
03/05/2009 |
3800
BATTERSEA RD |
3 |
2 |
0 |
1830 |
1959 |
7467 |
2 |
Y |
|
$499,000 |
$350,000 |
70% |
18 |
|
02/18/2009 |
3699
LOQUAT AV |
3 |
3 |
0 |
2052 |
2006 |
3932 |
2 |
N |
|
$320,000 |
$295,000 |
92% |
35 |
|
02/26/2009 |
4180
POMONA AV |
3 |
2 |
0 |
0 |
1947 |
0 |
0
|
N
|
|
$300,000 |
$250,000 |
83% |
56
|
North
Coconut Grove
20 Closed Sales North Coconut Grove for
the past six months ending March 31, 2009 |
| |
Beds |
Baths |
Sq/
Ft. |
List
Price |
Sales
Price |
SP/Sq
Ft |
SP/LP
|
DOM |
| High |
6 |
5 |
5,745
|
$3,450,000
|
$3,050,000
|
$683
|
97%
|
414 |
| Low |
2 |
1 |
1,072
|
$420,000
|
$262,500
|
$178
|
57%
|
1 |
| Average |
3 |
2 |
2,539
|
$1,043,420
|
$927,225
|
$359
|
88% |
136 |
| Median |
4 |
2 |
2,009
|
$749,500
|
$662,500
|
$336
|
88% |
122 |
87
properties were currently active on the market March
31, 2009 in North Coconut Grove
100 properties were active on the market March 31, 2008
The median sales price for the past six months ending
March 31, 2008 was $710,000 |
| North
Coconut Grove |
| CD |
ADDRESS |
BEDS |
FB |
HB |
TX
SQFT |
YR |
SF
LAND |
GAR |
POOL |
|
LP$ |
SP$ |
SP$/
LP |
DOM |
| 12/19/2008 |
1829
ESPANOLA DR |
5 |
5 |
0 |
3783 |
1925 |
28000 |
0 |
Y |
|
$3,450,000 |
$3,050,000 |
88
% |
126 |
| 02/20/2009 |
1727
ESPANOLA DR |
5 |
5 |
1 |
|
2003 |
7000 |
2 |
Y |
|
$1,599,000 |
$1,500,000 |
94
% |
138 |
| 10/20/2008 |
2913
NATOMA ST |
6 |
5 |
0 |
3475 |
2002 |
8100 |
2 |
Y |
|
$1,500,000 |
$1,450,000 |
97
% |
1 |
| 01/07/2009 |
1735
FAIRHAVEN PL |
3 |
2 |
0 |
1830 |
1960 |
15000 |
1 |
N |
|
$1,425,000 |
$1,250,000 |
88% |
317
|
| 11/17/2008 |
1794
MICANOPY AV |
4 |
3 |
1 |
2907 |
1913 |
15000 |
0 |
Y |
|
$1,249,000 |
$1,217,000 |
97% |
19 |
| 12/17/2008 |
1601
S BAYSHORE DR |
4 |
4 |
0 |
3700 |
1967 |
15000 |
2 |
Y |
|
$1,350,000 |
$1,200,000 |
89% |
238 |
| 12/30/2008 |
3221
MORRIS LANE |
4 |
4 |
1 |
3087 |
1953 |
12865 |
2 |
Y |
|
$1,395,000 |
$1,200,000 |
86% |
148 |
| 12/30/2008 |
3020
SEMINOLE ST |
3 |
2 |
0 |
1645 |
1938 |
20000 |
0 |
Y |
|
$1,390,000 |
$1,085,000 |
78% |
87 |
| 11/13/2008 |
178
S SHORE DR |
4 |
3 |
0 |
2839 |
1955 |
9000 |
0 |
Y |
|
$849,900 |
$820,000 |
96% |
33 |
| 02/12/2009 |
1809
MICANOPY AV |
4 |
3 |
1 |
3127 |
1979 |
6750 |
0 |
N |
|
$799,000 |
$685,000 |
86% |
300 |
| 03/13/2009 |
2534
LINCOLN AV |
2 |
1 |
0 |
1986 |
1952 |
13262 |
2 |
N
|
|
$695,000 |
$640,000 |
92
% |
118 |
| 10/24/2008 |
3275
CRYSTAL CT |
3 |
2 |
0 |
|
1949 |
8350 |
2 |
Y |
|
$700,000 |
$625,000 |
89% |
21 |
| 01/29/2009 |
2520
SWANSON AV |
3 |
2 |
0 |
1716 |
1944 |
7722 |
0 |
Y |
|
$650,000 |
$565,000 |
87% |
1 |
| 11/29/2008 |
247
E SHORE DR |
4 |
3 |
1 |
2972 |
1956 |
9750 |
2 |
Y
|
|
$545,000 |
$530,000 |
97% |
414 |
| 01/27/2009 |
3521
CRYSTAL VIEW CT |
3 |
2 |
0 |
1555 |
1952 |
5600 |
1 |
N
|
|
$599,000 |
$530,000 |
88% |
185 |
| 12/17/2008 |
2441
SWANSON AV |
2
|
2 |
0 |
1455 |
1946 |
7809 |
0 |
Y
|
|
$599,000 |
$525,000 |
88% |
284
|
| 12/02/2008 |
2478
INAGUA AV |
4 |
2 |
0 |
2013 |
1924 |
6488 |
0 |
Y |
|
$599,000 |
$525,000 |
87% |
12 |
| 12/26/2008 |
1669
ONAWAY DR |
4
|
2 |
1 |
1767 |
1935 |
8400 |
0 |
Y
|
|
$595,000 |
$515,000 |
87% |
57 |
| 10/10/2008 |
2801
FREEMAN ST |
3 |
1 |
0 |
1072 |
1950 |
5880 |
0 |
N |
|
$420,000 |
$370,000 |
88% |
158 |
| 10/28/2008 |
2219
SW 27 TE |
3
|
2 |
0 |
1473
|
1980
|
2500
|
0
|
N
|
|
$459,500 |
$262,500 |
57% |
77 |
 |
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Archive of Anne's Historical Tidbits
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