View Statistics for
Recent Home Sales:

North Coconut Grove
South Coconut Grove
Coral Gables

By Anne Platt

Sunny South Florida has always been the home of extravagant highs & extreme lows & the current real estate sales are no exception.

At the end of the first quarter for the last six months South Coconut Grove had twenty-three closed sales & an average sales price of $1,273,826 compared to twenty-five closed sales & an average sales price of $1,195,296 for the same time period one year ago. North Coconut Grove for the last six months had twenty closed sales and an average price of $927,225 compared to twenty-three closed sales and an average price of $824,473 for the same time period a year ago.

Coral Gables at end of the first quarter for the last six months had one hundred thirty-seven closed sales & an average sales price of $890,953 compared to one hundred thirty-two closed sales & an average sales price of $1,236,146 for the same time period a year ago.

Then take a look at the dive in the median sales price for both areas!

Now what does this mean!?!

After conferencing with several of my Coldwell Banker colleagues, we believe that the rise in the upper end prices in Coconut Grove emphasizes that we are a stable, growing & valued neighborhood. The rise in the average price signifies that larger & more expensive homes are in demand.

After conferencing with several of my Coldwell Banker colleagues,
we believe that the rise in the upper end prices in Coconut Grove emphasizes that we are a stable, growing & valued neighborhood...

Coconut Grove & Coral Gables have always been excellent & sought after places to live, work & play.

Though Coral Gables appears to have had a drop in the average sales price that is due more to the lack of closed sales in Gables Estates & other ultra luxury neighborhoods rather than a drastic drop in home values throughout. Last year there were four properties over seven million dollars sold. This year one to date had closed by March 31. There has now been one closing in April for $12,900,000. That would have raised the average sales price to $995,789. Coconut Grove & Coral Gables have always been excellent & sought after places to live, work & play.

The drop in the median price does show that we have been touched by the real estate slowdown. There are many outstanding bargains on the market. Astute buyers, anxious to move to Coral Gables & Coconut Grove at prices not imagined four years ago, are now snapping them up.

Please email or call me & let me hear your thoughts.

If you or a friend, colleague or neighbor have thoughts of making a move, please call me & I will be glad to consult with you & fine-tune the sales information to help you determine the money that you will realize from the sale of your property. Remember that interest rates are at unheard of lows & it is an exceptional time to move to a larger home.

Call for Anne's written Pledge of Plattinum Service.
Trust thirty three years of experience to help you make your next move.

(All sales information is from the SE Florida Multiple Listing Service)

Coral Gables
137 Closed Sales Coral Gables for the past six months ending March 31, 2009
 
Beds
Baths Sq/ Ft. List Price Sales Price SP/Sq Ft SP/LP DOM
High 7 7 12,328 $9,945,000 $8,450,000 $745 117% 808 
Low 0 0 0 $133,000 $123,375 $72 54%
Average 3 2 2,648 $1,024,519 $890,953 $267 90% 142 
Median 3 2 2,075 $625,000 $540,000 $255 91%  94 

588 properties were currently active on the market March 31, 2009


Coral Gables
132 Closed Sales Coral Gables from Oct. 1, 2007 to March 31, 2008
 
Beds
Baths Sq/ Ft. List Price Sales Price SP/Sq Ft SP/LP DOM
High 8 8 11,598 $15,900,000 $11,700,000 $1,300 122% 534 
Low 0 0 0 $309,900 $280,000 $157 62%
Average 3 2 2,894 $1,388,938 $1,236,146 $363 91%  133 
Median 3 2 2,264 $799,000 $726,000 $320 92% 94 

630 properties were currently active on the market March 31, 2008

Please call Anne should you wish a personal list of sales in your immediate neighborhood.



South Coconut Grove
23 Closed Sales South Coconut Grove for the past six months ending March 31, 2009
 
Beds
Baths Sq/ Ft. List Price Sales Price SP/Sq Ft SP/LP DOM
High 7 8 9,941 $4,990,000 $4,250,000 $454 100% 503 
Low 2 2 0 $300,000 $250,000 $106 68%
Average 4 3 3,966 $1,493,469 $1,273,826 $292 86% 132 
Median 4 3 3,443 $799,900 $730,000 $298 89% 110 

119 properties are currently active on the market March 31, 2009 in South Coconut Grove
115 were active on the market March 31, 2008
The median sales price for the past six months ending March 31, 2008 was $960,000.

South Coconut Grove
CD ADDRESS BEDS FB HB TX
SQFT
YR SF LAND GAR POOL   LP$ SP$ SP$/ LP DOM
11/05/2008 3410 POINCIANA AV 7 7 2 13253 2006 28924 3 Y   $4,990,000 $4,250,000 85% 51+
3/06/2009 3570 S MOORINGS WY 6 8 1 8142 2005 21360 2 Y $4,950,000 $3,700,000 75% 182
12/05/2008 3928 HARDIE RD 6 8 1   2005 20097 3 Y $2,699,999 $2,595,000 96% 110+
11/17/2008 4050 BATTERSEA RD 6 5 1 5932 2006 15075 2 Y $3,200,000 $2,575,000 80% 271
12/10/2008 3431 N MOORINGS WY 5 4 1 5344 1936 12000 2 Y   $2,495,000 $2,350,000 94% 110
03/27/2009 3647 MATHESON AV 6 6 1 6348 2004 15006 2 Y   $2,450,000 $2,200,000 90% 26+
12/15/2008 3821 EL PRADO BL 6 4 1 2967 1937 37214 2 Y $1,799,000 $1,300,000 72% 503
12/03/2008 4130 HARDIE AV 4 4 0 4300 2007 6500 2 Y $1,399,000 $1,250,000 89% 321
03/17/2009 3976 LITTLE AV 6 4 2 5800 1922 17100 3 Y $1,495,000 $1,200,000 80% 31++
11/14/2008 3362 DEVON RD 4 4 1   1950 16200 2 Y   $1,199,000 $1,170,000 98% 6
02/15/2009 4231 JUSTISON CT 4 4 0 4254 2004 9980 2 Y $899,000 $901,000 100% 116
02/26/2009 3625 BATTERSEA RD 5 3   3683 1961 10500 0 Y $799,900 $730,000 91% 122
11/13/2008 4001 HARDIE AV 3 2 1 2000 1951 7905 0 Y $799,000 $660,000 83 % 184
10/10/2008 4110 LYBYER AV 4 3 0 1612 1945 8400 0 Y   $749,000 $660,000 88% 56
12/16/2008 4070 MALAGA AV 3 2 1 2923 1980 5781 0 Y   $699,000 $660,000 94% 21
10/31/2008 3816 MAIN HY 3 2 0 4097 1938 14810 0 Y   $739,900 $500,000 68% 48
11/25/2008 4051 PARK AV 3 3 0 1437 1937 6941 0 Y $549,000 $452,000 82% 128
03/13/2009 3855 POINCIANA AV 2 2 0 1606 1950 10000 2 N $495,000 $450,000 90% 182
12/30/2008 4012 BONITA AV 3 2 0 2404 1977 5650 0 N $425,000 $425,000 100% 354
12/18/2008 4060 POINCIANA AV 3 2 0 1761 1976 6000 0 N $399,000 $375,000 94% 111
03/05/2009 3800 BATTERSEA RD 3 2 0 1830 1959 7467 2 Y   $499,000 $350,000 70% 18
02/18/2009 3699 LOQUAT AV 3 3 0 2052 2006 3932 2 N   $320,000 $295,000 92% 35
02/26/2009 4180 POMONA AV 3 2 0 0 1947 0 0 N $300,000 $250,000 83% 56


North Coconut Grove
20 Closed Sales North Coconut Grove for the past six months ending March 31, 2009
 
Beds
Baths Sq/ Ft. List Price Sales Price SP/Sq Ft SP/LP DOM
High 6 5 5,745 $3,450,000 $3,050,000 $683 97% 414 
Low 2 1 1,072 $420,000 $262,500 $178 57%
Average 3 2 2,539 $1,043,420 $927,225 $359 88% 136 
Median 4 2 2,009 $749,500 $662,500 $336 88% 122 

87 properties were currently active on the market March 31, 2009 in North Coconut Grove
100 properties were active on the market March 31, 2008
The median sales price for the past six months ending March 31, 2008 was $710,000

North Coconut Grove
CD ADDRESS BEDS FB HB TX
SQFT
YR SF LAND GAR POOL   LP$ SP$ SP$/ LP DOM
12/19/2008 1829 ESPANOLA DR 5 5 0 3783 1925 28000 0 Y $3,450,000 $3,050,000 88 % 126
02/20/2009 1727 ESPANOLA DR 5 5 1   2003 7000 2 Y $1,599,000 $1,500,000 94 % 138
10/20/2008 2913 NATOMA ST 6 5 0 3475 2002 8100 2 Y   $1,500,000 $1,450,000 97 % 1
01/07/2009 1735 FAIRHAVEN PL 3 2 0 1830 1960 15000 1 N $1,425,000 $1,250,000 88% 317
11/17/2008 1794 MICANOPY AV 4 3 1 2907 1913 15000 0 Y   $1,249,000 $1,217,000 97% 19
12/17/2008 1601 S BAYSHORE DR 4 4 0 3700 1967 15000 2 Y   $1,350,000 $1,200,000 89% 238
12/30/2008 3221 MORRIS LANE 4 4 1 3087 1953 12865 2 Y $1,395,000 $1,200,000 86% 148
12/30/2008 3020 SEMINOLE ST 3 2 0 1645 1938 20000 0 Y   $1,390,000 $1,085,000 78% 87
11/13/2008 178 S SHORE DR 4 3 0 2839 1955 9000 0 Y   $849,900 $820,000 96% 33
02/12/2009 1809 MICANOPY AV 4 3 1 3127 1979 6750 0 N $799,000 $685,000 86% 300
03/13/2009 2534 LINCOLN AV 2 1 0 1986 1952 13262 2 N $695,000 $640,000 92 % 118
10/24/2008 3275 CRYSTAL CT 3 2 0   1949 8350  2 Y   $700,000 $625,000 89% 21
01/29/2009 2520 SWANSON AV 3 2 0 1716 1944 7722 0 Y   $650,000 $565,000 87% 1
11/29/2008 247 E SHORE DR 4 3 1 2972 1956 9750 2 Y $545,000 $530,000 97% 414
01/27/2009 3521 CRYSTAL VIEW CT 3 2 0 1555 1952 5600 1 N $599,000 $530,000 88% 185
12/17/2008 2441 SWANSON AV 2 2 0 1455 1946 7809 0 Y $599,000 $525,000 88% 284
12/02/2008 2478 INAGUA AV 4 2 0 2013 1924 6488 0 Y   $599,000 $525,000 87% 12
12/26/2008 1669 ONAWAY DR 4 2 1 1767 1935 8400 0 Y $595,000 $515,000 87% 57
10/10/2008 2801 FREEMAN ST 3 1 0 1072 1950 5880 0 N   $420,000 $370,000 88% 158
10/28/2008 2219 SW 27 TE 3 2 0 1473 1980 2500 0 N   $459,500 $262,500 57% 77

 

 



For more information, contact Anne at 305-442-2055 or anne@plattproperties.com.

 

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