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
Why sell your home with Jorge Fernandez and ONE Sotheby’s International Realty? Immediately after listing your property with Jorge, he sets into motion a proven marketing plan to help obtain the highest price possible for your home, which includes the following:
precious
Your time is a natural resource. We will be careful not to waste it.
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GABLES ESTATES
MIAMI BEACH
CORAL GABLES
$11,900,000 877.350.7288
Turnberry Ocean Colony $6,780,000 Joelle Oiknine 877.461.6850 5,950 la | 5 bedrooms | 5.5 bathrooms
6945 Granada Boulevard $5,945,000 Dennis Carvajal 877.350.7288 7,411 la | 57,000 sf | 7 bedrooms | 8.5 bathrooms
PINECREST
NEW PRICE COCONUT GROVE
CONTINUUM SOUTH BEACH
$10,999,000 877.584.7296
5935 Moss Ranch Road $4,400,000 Mayi de la Vega & Marisela Cisneros 877.584.7296 12,321 la | 42,560 sf | 7 bedrooms | 8.5 bathrooms
3100 Munroe Drive $4,395,000 Mayi de la Vega & Marisela Cisneros 877.584.7296 8,025 la | 16,750 sf | 5 bedrooms | 5.5 bathrooms
100 S Pointe Drive, #3204 $3,750,000 Alina de la Vega MacLean 866.676.2803 2,508 la | 3 bedrooms | 3 bathrooms
NEW LISTING PONCE DAVIS
COCOPLUM
8600 Southwest 53 Avenue $3,650,000 Marisela Cisneros 877.584.7296 8,520 la | 42,689 sf | 7 bedrooms | 6.5 bathrooms
6931 Tulipan Court $3,450,000 Mayi de la Vega 877.498.1713 7,092 la | 20,174 sf | 7 bedrooms | 7.5 bathrooms
445 Grand Bay Drive, #1207 $3,350,000 Barbara Lamar & Claudia Fernandez 866.698.4908 3,625 la | 3 bedrooms | 5 bathrooms
2 Arvida Parkway Dennis Carvajal 55,166 sf
© MMXI Sotheby’s International Realty Affiliates LLC. A Realogy Company. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC.An Equal Opportunity Company. Equal Housing Opportunity. 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.
Sales Associate 305.216.0237 jfernandez@onesothebysrealty.com
Jorge A. Fernandez GRAND BAY
KEY BISCAYNE
• 6,546 Adj. Sq. Ft. • 21,700 SqFt Lot • Pool • 2 Car Garage OPEN TODAY 3-5 COCOPLUM
194 Caoba Court $2,450,000 Rose Harris 877.360.4463 6,225 la | 15,279 sf | 7 bedrooms | 6.5 bathrooms
GROVENOR HOUSE COCONUT GROVE
2527 S Bayshore Drive, #3201 Mayi de la Vega 9,110 la | 5 bedrooms | 5.5 bathrooms
$16,900,000 877.498.1713
$10,000/month
PINECREST
7950 Southwest 120 Street $2,640,000 Claudia Fernandez & Mayi de la Vega 877.350.2831 6,620 la | 38,768 sf | 6 bedrooms | 6.5 bathrooms
• 5 Bed/5.5 Bath Main House • 2 Bed/2 Bath Guest House with Kitchen
OPEN BY APPOINTMENT CORAL GABLES
13678 Deering Bay Drive $3,000,000 Claudia Fernandez & Marisela Cisneros 877.350.2831 5,360 la | 16,031 sf | 5 bedrooms | 5.5 bathrooms
WWW.1801ESPANOLA.COM 1801 ESPANOLA DRIVE, COCONUT GROVE NEW LISTING COCONUT GROVE
3650 Klebba Lane Mayi de la Vega & Cyril Matz 11,996 la | 45,000 sf | 9 bedrooms | 9/4 bathrooms
NEW PRICE COCONUT GROVE
OPEN TODAY 3-5 MIAMI
COCOPLUM
4131 Woodridge Road $1,999,999 Mayi de la Vega 877.498.1713 4,297 la | 9,100 sf | 5 bedrooms | 4.5 bathrooms
13925 Old Cutler Road $1,995,000 Mayi de la Vega 877.498.1713 7,031 la | 39,204 sf | 5 bedrooms | 5 bathrooms
7424 Vistalmar Street $1,550,000 Monica Ferrari & Jose Luis Pere 877.498.1713 5,411 la | 19,685 sf | 4 bedrooms | 5.5 bathrooms
OPEN TODAY 3-5 CORAL GABLES
$5,300,000 866.446.5059
NEW PRICE GROVE WATERFRONT
434 Castania Avenue $1,499,000 Mayi de la Vega 877.498.1713 4,322 la | 10,000 sf | 5 bedrooms | 4.5 bathrooms
2000 S Bayshore Drive, #33 $1,350,000 Maritza Jacobson & Marisela Cisneros 877.652.9081 3,490 la | 3 bedrooms | 3.5 bathrooms
WILL CONSIDER OFFERS MIAMI
8750 Southwest 112 Street $949,900 Mayi de la Vega 877.498.1713 4,393 la | 22,620 sf | 5 bedrooms | 5.5 bathrooms
On Location in London. Estate agents from ONE Sotheby’s International Realty were proudly presenting the best of South Florida real estate in London on Sunday and Monday at Sotheby’s in London. The Russian Art Week sales offered many of the finest Russian artworks from the 19th century to the present day and drew art collectors from around the globe. More than just a word in our name, ONE Sotheby’s International Realty’s global outreach is a fundamental marketing advantage that provides unrivaled access to qualified people and distinctive properties around the world. Combined with our brand’s unrivaled expertise in every major U.S. market, no other broker is more thoroughly networked or more closely aligned with affluent travelers, collectors
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* If applicable
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
Source: Southeast Florida MLS
Information deemed reliable but not warranted. ©MMXII 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. 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.
and property owners. To learn more, please visit our blog at onesothebysrealty.com.
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COCONUT GROVE’S MOST CHERISHED LANDMARK 1801 Espanola Drive, Coconut Grove
For more information or to schedule a private showing please contact: Jorge A. Fernandez Sales Associate ONE Sotheby's International Realty 305.216.0237 jfernandez@onesothebysrealty.com
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CORAL GABLES
11090 Snapper Creek Drive Mayi de la Vega & Marisela Cisneros 14,502 la | 62,487 sf | 7 bedrooms | 8.5 bathrooms
ONE Sotheby’s International Realty 1430 South Dixie Highway Suite 110, Coral Gables, Florida 33146
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