Coconut Grove is selling. 2011 Fourth Quarter Coconut Grove Sales Report and Year End Observations
ADDRESS
SQ FT LOT
*3333 S Moorings Wy
LIST $
SOLD $ $/SQ FT DATE
5,495
11,300
$3,250,000 $2,850,000
$518.65
12/7/2011
3512 Bayshore Villas Dr 5,273
5,500
$1,735,000
$1,700,000
$322.40
12/1/2011
2200 Tiger Tail Av
3,891
6,185
$1,699,999
$1,425,000
$366.23 10/11/2011
3740 Irvington Av
3,472
6,850
$1,399,000
$1,275,000
$367.22
12/6/2011 11/22/2011
7
126
SHRINKING INVENTORY As of December 31,2011 inventory of homes in Coconut Grove had dropped to 126. Inventory is the lowest in over 5 years!
SIGNIFICANT SALES ONE Sotheby’s sold this waterfront home in Coconut Grove for a record-breaking $13.4 Million in April 2011.
4095 Park Av
3,992
11,813
$1,425,000
$1,250,000
$313.13
3665 St Gaudens Rd
4,264
10,008
$1,395,000
$1,225,000
$287.29 12/20/2011
4190 Battersea Rd
3,427
7,586
$1,300,000
$1,175,000
$342.87
*1820 S Bayshore Dr
3,416
20,000
$1,325,000
$1,080,000
$316.16 12/20/2011
89 Bay Heights Dr
4,208
12,320
$1,090,000
$1,015,000
$241.21
1723 Tigertail Av
3,341
7,000
$995,000
$960,000
$287.34 11/29/2011
301 E Shore Dr
4,529
10,098
$925,000
$895,000
$197.62 12/30/2011
3207 Kirk St
3,696
5,779
$950,000
$892,000
$241.34 11/22/2011
159 W Shore Dr
3,787
21,975
$975,000
$850,000
$224.45 11/18/2011
4098 Malaga Av
3,051
6,100
$829,000
$758,150
$248.49
1935 Secoffee St
2,076
14,184
$749,000
$710,000
$342.00 10/18/2011
1823 S Bayshore Ln
2,521
6,427
$765,000
$702,000
$278.46
3645 Palmetto Av
2,530
7,000
$689,000
$633,000
$250.20 10/21/2011
4129 Hardie Av
2,457
4,650
$625,000
$600,000
$244.20 11/18/2011
4040 Matheson Av
2,557
6,540
$650,000
$545,000
$213.14
4195 Park Av
1,072
10,252
$579,000
$545,000
$508.40 12/16/2011
2322 Lincoln Av
2,973
12,880
$575,000
$540,000
$181.64 11/18/2011
2330 Lincoln Av
2,000
9,600
$560,000
$532,000
$266.00 11/16/2011
305 E Shore Dr
2,937
13,000
$499,000
$530,000
$180.46 11/17/2011
2785 Crystal Ct
1,919
4,914
$539,000
$520,000
$270.97 10/26/2011
# HOMES SOLD
4160 Hardie Av
1,519
6,500
$585,000
$478,500
$315.01 10/17/2011
AVG LIST PRICE
4059 Park Av
1,700
6,941
$440,000
$450,000
$264.71 12/28/2011
AVG LIST PRICE/SQFT
2427 Tequesta Ln
1,566
3,500
$399,000
$390,000
$249.04 12/17/2011
AVG SOLD PRICE
1875 Wakeena Dr
1,811
9,090
$419,000
$360,000
$198.79 10/14/2011
3197 Virginia St
1,744
2,121
$349,800
$325,000
$186.35
4040 Hardie Av
1,127
7,000
$350,000
$305,000
$270.63
3994 Kumquat Av
1,052
5,449
$349,000
$300,000
$285.17 12/15/2011
2510 Inagua Av
1,885
7,545
$250,000
$250,000
$132.63
12/9/2011
12/8/2011
11/1/2011
12/2/2011
12/7/2011
WATERFRONT There were 7 waterfront home sales in Coconut Grove in 2011. The average sold price was $4.4 Million ($578/sqft).
92% LIST PRICE VS. SOLD The price differential on average between the final asking price and sales price for Coconut Grove homes.
COCONUT GROVE COMMUNITY VIDEO We’ve talked to some of the area’s most recognized residents and business owners to describe the charms and unique characteristics of Miami’s oldest residential neighborhood. Watch the video at distinctivehomesofcoconutgrove.com
Year End Observations As 2011 came to a close the Coconut Grove real estate market showed an increase in sales volume driven by growing buyer confidence and more realistic seller pricing. The following is a breakdown of market activity by neighborhood. NORTH GROVE MARKET SUMMARY
2011
2010
$825,405
$1,226,472
$291
$303
$736,536
$1,069,650
AVG SOLD PRICE/SQFT
$262
$273
11/8/2011
AVG DAYS ON MARKET
149
148
12/1/2011
FINAL LIST TO SOLD
90%
93%
11/11/2011
* Indicates Waterfront Property
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.
59
55
SOUTH GROVE MARKET SUMMARY
2011
2010
$1,275,405
$1,278.853
$341
$337
$1,128,977
$1,080,321
AVG SOLD PRICE/SQFT
$305
$296
AVG DAYS ON MARKET
142
168
FINAL LIST TO SOLD
91%
90%
# HOMES SOLD AVG LIST PRICE AVG LIST PRICE/SQFT AVG SOLD PRICE
92
62