Coconut Grove Trends – Condo/Townhouse

The number of condos & townhouses for sale versus sold and pending on a monthly basis in Coconut Grove:

The average price per square foot for condos & townhouses in Coconut Grove:

The average time condos & townhouses in Coconut Grove have spent on the market, compared on a monthly basis.

The percentages on the blue line represent what prices property’s sold for relative to their asking price.

For instance 90% means that homes on average sold for 90% of their list price. If a home was listed at $300,000 it then sold on average for $270,000.

The average price of condos & townhouses for sale in Coconut Grove versus sold.

The green line displays the average price for sale and the red line the average price sold:

The following graph displays months of inventory on the market in Coconut Grove.

A general rule of thumb:

<3 of inventory = Seller’s market

Between 3 – 6 months = neutral market

>6 months = Buyer’s market

Lindsey Brown P.A
EWM Realty International

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