Overview of Coconut Grove Market-Heading Into the New Year
As we enter into a new year, we are excited to soon provide our clientele with the latest edition of the Coconut Grove Journal of Real Estate on the Coconut Grove condo market.
Our finalized sales analysis will be released in the upcoming weeks, and we look forward to delivering to you the market trends for the upcoming year.
The total number of condos for sale as of January 2020 is 226 compared to 199 total condos for sale as of January 10, 2019. Overall, this represents a 13% increase in the available inventory of condos for sale compared to around this time frame last year. The most important increase we see in the Coconut Grove condo market is the under $1M mark, where there is a 48% increase in the available inventory for condos for sale in the Coconut Grove market.
Within the upcoming weeks, the overall performance of the 2019 inventory sold in the condo market will be available for viewing. The report will analyze the market performance variances and predictions for what we will expect in the upcoming 2020 year.
Closing
The market fluctuates on a regular basis, and you should be able to list your property at the best possible price for the market. Contact The GoveExperts if you are in need of some professional advice when choosing to sell your property.
Condo Market Prices
| Price Points | Under $1M | $1M-$1.5M | $1.5M-$2M | $2M-$3M | $3M+ | Total: |
| For Sale 01/10/2019 | 83 | 31 | 20 | 22 | 43 | 199 |
| For Sale 01/02/2020 | 123 | 32 | 15 | 15 | 41 | 226 |