Coconut Grove is selling. 2011 Third Quarter Coconut Grove Sales Report
ADDRESS
SQ FT LOT
LIST $
SOLD $ $/SQ FT DATE
*3100 Munroe Dr
8,025
16,750 $4,300,000 $3,850,000
$480
7/8/2011
*3333 Poinciana Av
6,573
10,800 $3,750,000
$3,440,000
$523
8/1/2011
4110 Kiaora St
6,323
56,628 $2,550,000
$2,425,000
$384
9/2/2011
3350 Poinciana Av
5,085
11,737
$2,695,000 $2,400,000
$472
9/1/2011
3740 De Garmo Ln
4,550
11,138
$2,185,000
$1,993,900
$438
7/27/2011
3950 Wood Av
7,111
20,700 $2,200,000 $1,800,000
$253
9/7/2011
3618 St Gaudens Rd
3,440
11,925
$1,998,000
$1,800,000
$523
8/1/2011
3901 Braganza Av
5,317
12,115
$1,995,000
$1,647,000
$310
7/11/2011
2485 S Bayshore Dr
4,418
11,550
$1,750,000
$1,500,000
$340
7/15/2011
3210 Treasure Trove Ln 4,566
10,000 $1,590,000
$1,400,000
$307
7/6/2011
3569 N Bayhomes Dr
3,632
20,606 $1,575,000
$1,400,000
$385
9/14/2011
3835 Park Av
5,514
11,774
$1,230,000
$1,305,000
$237
7/29/2011
3810 Battersea Rd
3,482
7,233
$1,385,000
$1,300,000
$373
9/29/2011
3800 Poinciana Av
5,027
19,700
$1,699,000
$1,165,000
$232
7/14/2011
2457 S Bayshore Dr
3,143
4,916
$1,195,000
$1,125,000
$358
7/25/2011
2690 Hilola St
3,916
8,250
$1,348,000
$1,000,000
$255
9/21/2011
4170 Raynolds Av
3,439
7,000
$1,075,000
$986,750
$287
8/1/2011
3470 N Moorings Wy
3,510
11,700 $1,000,000
$960,000
$274
8/16/2011
3863 Douglas Rd
3,892
16,800
$899,000
$835,000
$215
7/27/2011
4243 Lennox Dr
2,322
13,125
$899,000
$835,000
$360
9/1/2011
94 Bay Heights Dr
2,502
10,703
$875,000
$740,000
$296
7/6/2011
4161 Raynolds Av
2,512
5,740
$795,000
$720,000
$287
8/15/2011
3500 Solana Rd
2,560
8,100
$695,000
$640,000
$250
7/20/2011
3995 Park Av
3,748
11,240
$600,000
$600,000
$160
7/28/2011
3909 La Playa Bl
1,680
9,600
$619,000
$590,000
$351
8/2/2011
2336 Swanson Av
2,244
9,600
$540,000
$530,000
$236
9/9/2011
3753 Matheson Av
1,182
13,000
$699,000
$520,000
$440
9/29/2011
4151 Park Av
2,910
6,900
$549,900
$520,000
$179
7/6/2011
3611 Poinciana Av
2,573
7,500
$549,000
$510,000
$198
8/3/2011
50 Bay Heights Dr
3,202
9,826
$550,000
$500,000
$156
9/7/2011
3121 Kirk St
1,684
6,000
$515,000
$490,000
$291
9/6/2011
4081 Barbarossa Av
1,498
6,500
$499,000
$465,000
$310
9/23/2011
2627 Halissee St
2,043
9,948
$499,000
$460,000
$225
9/30/2011
4126 Raynolds Av
1,664
10,500
$489,000
$460,000
$276
9/16/2011
4121 Woodridge Rd
1,516
9,100
$549,000
$455,000
$300
8/26/2011
4081 Matheson Av
1,695
6,480
$489,000
$450,000
$265
7/1/2011
4081 Hardie Av
1,430
8,475
$439,000
$395,000
$276
7/18/2011
3610 Douglas Rd
2,231
15,632
$360,000
$360,000
$161
9/27/2011
3401 Oak Av
2,475
4,866
$449,000
$350,000
$141
7/12/2011
4010 Kumquat Rd
1,797
6,068
$400,000
$300,000
$167
8/22/2011
* Indicates Waterfront Property
154
CASH TRANSACTIONS Nearly 40% of Coconut Grove sales through Q3 2011 were Cash Transactions. Cash buyers continue to fuel the very high and very low end markets.
SHRINKING INVENTORY As of September 30, 2011 the inventory of homes in Coconut Grove had dropped to 154. Inventory is the lowest since 2005.
39% 61%
Cash
Financed
33%
LOOKING UP There have been 158 homes sold in Coconut Grove so far in 2011 - there had only been 118 homes sold by this time last year. That’s 33% more homes sold so far in 2011 than 2010!
92% LIST PRICE VS. SOLD The price differential on average between the final asking price and sales price for Coconut Grove homes.
ON THE MOVE Did you know 1/2 of all local searches are performed on mobile devices? ONE Sotheby’s remains the only iPad app in South Florida.
SIGNIFICANT SALES ONE Sotheby’s sold this waterfront home in Coconut Grove for a record-breaking $13.4 Million in April 2011.
Key Observations As the 3rd Quarter of 2011 came to a close, the Coconut Grove Real Estate market continued to show signs of recovery. A decrease in inventory of homes for sale to a 5-year low, along with a 33% increase in closed sales through Q3 2011 vs Q3 2010, has helped fuel an increase in average sold price.
Source: Southeast Florida MLS
Thinking of selling?
Inventory is down and sales are up in Coconut Grove! Please call me now at 305.216.0237 for more information on the state of the market and my tech-savvy marketing plan.
High touch.
The best of Coconut Grove is now at your fingertips.
3601 Matheson Avenue I Coconut Grove 6 bed | 6.5 bath
|
7,102 adj sf
|
15,015 sf lot
Guard gated Entrada Estates home with generous proportions, space and privacy. High ceilings, lots of natural light. Large eat-in kitchen. All impact windows and doors. Den. Elevator. 3 Car Garage.
$2,495,000 I www.3601Matheson.com
3553 Palmetto Avenue I Coconut Grove 3 bed | 2.5 bath
|
3,118 adj sf
|
7,000 lot
Architecture as art! Modern masterpiece on prime street. Every detail speaks of design and craftsmanship. Spa-like interiors, soaring ceilings, walls of glass. Short walk to the best in the Grove. 2 Car Garage. JUST REDUCED! $1,190,000 I www.3553Palmetto.com
1430 S Dixie Highway, Suite 110 Coral Gables, Florida 33146
Jorge fernandez SALES ASSOCIATE Mobile | 305.216.0237 e-mail | jfernandez@onesothebysrealty.com TWITTER | @miamijorge
distinctivehomesofmiami.com ©MMX Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing oportunity. Each office is Independently Owned and Operated. Information deemed reliable but not warranted. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Introducing my new blog featuring all things Coconut Grove - community news, hyper local real estate market knowledge, homes for sale & more. You might not know what you’re looking for, but now you know where to find it.
distinctivehomes ofcoconutgrove.com