Good News
for 2009

Hurrah! We have had a rise in the number of sales in 2008 over
the number of sales at the end of 2007!

Pending sales ending December this year are higher than the end of December last year!

 
Year End
2007
End of
July 2008
 
End of
Sept. 2008
 
Year End
2008
Coconut Grove*
Actively on the market for sale now
350
311
**
298
**
339
Pending
11
19
 
14
 
18
Closed in the last three months
33
29
 
29
 
27
* Includes areas north of US1 such as Shenandoah & Silver Bluff

Coral Gables            
Actively on the market for sale now
561
579
 
564
 
556
Pending
38
78
 
59
 
59
Closed in the last three months
57
73
 
94
 
64


** In the previous years’ surveys we only included properties over $500,000, as that was entry level for Coconut Grove. Now homes even in the Grove have dropped below $500,000, which made it look like inventory had dropped. We had not surveyed the prices below $500,000 so they were not being tracked. As of this survey for December 2008 we began the survey at $400,000 in Coconut Grove. What appears to be an increased inventory is being accurate where the properties are now indeed priced. Coral Gables figures already included the lower numbers. No adjustment was necessary. There have even been two “fix-up” sales in the $375,000 range on Poinciana in South Grove. There are many sales in the Gables in the 300,000’s and $400,000 and even several sales in the mid $200,000 range in North Gables.

Sales are happening in all price ranges.
The sales prices range from the Casa Blanca bay front estate of over 7 acres sold by one of my associates at Coldwell Banker for $11,500,000 and a Tahiti Beach for $14,245,000.…
to homes that needed a lot of work selling in the $200,000’s and $300,000’s.

Interest rates are again at historic lows so it is a great time to make a move.

Your Agent is Very Important!
In this unique and diverse market in the Coconut Grove and Coral Gables area, now more than ever, it is essential that sellers hire a knowledgeable professional local expert to help sell their property.

If you or any of your friends or neighbors are interested in making a move, please call me at 305-442-2055. Together we will fine-tune these numbers to effectively position your property. You will receive the best possible exposure with “My Boutique Service & Marketing”, and the Global Reach of Coldwell Banker’s International Network and Internet Domination. This will secure you the best possible price and you can begin to live your new dream today!

Now is the time. Anne Platt is your agent!

 




417 Amalfi

Featured Property:
Dramatic Brand New Construction
Three Bedroom Pool Home in Coral Gables

$950,000.00
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