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Seller’s Information Category

Figures Show the Coconut Grove Market Has Improved in 2012

If you’re looking for a home to buy in Coconut Grove you already know there’s just not much available. The inventory has steadily gone down for over two years years.

Be ready to make an offer when the right home shows up. If you’ll be financing your purchase you need a pre-approval letter for a mortgage from a reputable lender. This will be included in your original offer, and shows you are a serious buyer.

In the upcoming charts you’ll see the history of single family homes in Coconut Grove going back 15 months. It shows that there are less homes selling more quickly for closer to asking price than before.

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SINGLE FAMILY HOMES FOR SALE, UNDER CONTRACT AND CLOSED

The chart above shows the trend of less properties on the market and more sales from August this year compared to the same time last year. The number of single family homes is down 32% and the number sold is up 28%.

Chart showing the decrease in time on the market and closer to asking price sales
SINGLE FAMILY HOMES: DAYS ON THE MARKET AND SALE PRICE TO LIST PRICE %

At the same time, houses are selling in less days for purchase prices closer to listed prices. This is great news for sellers, and not so much for those looking for new homes.

I recommend that if you find a house you like, make a strong offer as quickly as you can. There is quite a bit of competition for every home and you don’t want to lose it to someone else.

If you would like to know the value of your home I am available for a no-pressure consultation. Just give me a call at 305 794.6570 to arrange a convenient time.

Coconut Grove is a unique village, and you need a hyper-local specialist working for you here. Whether you are selling, buying, renting or investing I can help you make the right decisions. If you enjoyed reading this article, why not Subscribe to receive the next one? Once you register, you must activate the subscription in a follow-up email.

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Coconut Grove Homes Value Increased in 2011

Now that all the figures for 2011 Coconut Grove home sales have been reported I wanted to see how the final numbers compare to 2010. In both the north and south Grove single-family homes have increased in both average sale price and price per square foot.

Looking at figures for the North Grove the average sale price is $755,071, up from $702,515 in 2010. The per square foot average is up from 2010’s $249 to $263 . There were 51 sales in 2010 and 65 last year.

Year End North Coconut Grove Statistics

South Grove also had healthy increases in average sale price and per square foot average. In 2010 the average sale price was $938,698 ($282 per square foot) compared to last year’s $993,000 ($293 per square foot). There were 104 sales in 2011 and just 66 the year before.

Picture2 south grove

So far this year there have been 10 sales in the South Grove with an average square foot price of $297, and in the North Grove 7 sales at an average of $243 per square foot.

Coconut Grove is a unique village, and you need a hyper-local specialist working for you here. Whether you are selling, buying, renting or investing I can help you make the right decisions. Call me at 305 794.6570 or leave me a note.

If you enjoyed reading this article, why not Subscribe to receive the next one? Once you register, you must activate the subscription in a follow-up email.

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Facing Hurricane Season Again

Palm Trees After A Hurricane

It’s a fact of life here that at some time we will have another big storm. May as well be as ready as you can before the inevitable long lines everywhere make preparations even harder. All local television will broadcast updates 24/7 and reiterate what you need to have and do, but it’s better to have to deal with only the last-minute items around your home.

If you live in a single family home you can prune trees and shrubs and harvest heavy fruits, coconuts and dry palm fronds so the city can haul them away before the action begins. Decide how you can protect landscaping and very large outdoor potted plants and consider creating a space indoors for movable containers.

Unless you have impact resistant windows make sure you have every nut and bolt needed for your shutters, as well as heavy-duty gloves, ladders, and W-D 40. You can also check for a specialized drill bit to speed up tightening those bolts.

If you don’t have either of the above, get thee to a lumber supply place and talk to someone who can help with a temporary plan for your home’s protection.

Gather your important documents and policies and store everything together in a watertight container. In this age of baying bills online, it makes sense to schedule future payments in case the electricity is out for an extended time.

For complete checklists of everything you’ll need visit the National Hurricane Center site. Taking steps now can mean one less family – yours – in line when the inevitable happens again.

If you enjoyed reading this article, why not Subscribe to receive the next one? Once you register, you must activate the subscription in a follow-up email.

Coconut Grove is a unique village, and you need a hyper-local specialist working for you here. Whether you are selling, buying, renting or investing I can help you make the right decisions. Call me at 305 794.6570 or leave me a note.

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