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Coconut Grove Real Estate Update

By
Real Estate Agent with EWM Realty, International 3028618

The facts and trends are in for Coconut Grove Real Estate for May, 2008.  It seems that the market is not getting any worse and is hovering around the same data points.  Does it mean the market is bottoming out? Perhaps, although we won't know exactly when we hit bottom until we are on our way back to the top.

Here are the Coconut Grove market statistics for May of 2008:

  • 11 Closed Single Family Homes
  • 19 Pended Single Family Homes
  • 31 Absorption Rate for Single Family Homes
  • 18 Months of Inventory for Single Family Homes
  • Single Family Homes Average Price Per Square Foot is $348

For the charts on last month's numbers and information going back to March of 2007, click here.

Also, for Coconut Grove Condo and Townhouse statistics click here.

 

Riley Smith

Coconut Grove Real Estate Specialist

www.TheRealEstateCoconut.com

"Cracking Open the Coconut Grove Real Estate Market"

Posted by

Riley Smith | The Riley Smith Group

Coconut Grove Real Estate Specialist

Direct: 305-342-1623

Office: 305-960-5318

Address:

3560 Main Highway, Coconut Grove, Florida 33133

Comments (1)

Victor Mills
EWM Realtors, Inc. - Pinecrest, FL

Great info Riley. Nice job. Thanks.

Jun 26, 2008 11:21 PM