Coconut Grove, Florida - Real Estate Market Condition - August 31, 2007
There are currently 306 single-family homes for sale in Coconut Grove, Florida.
The months of inventory figure went down by 3.3 months from June to July and is now 15.8 months. At the current sales rate, it would take almost 16 months for all listed properties to sell. Most of the single-family homes inventory in Coconut Grove falls within the $400K-$600K price range, although most sales activity both in absolute and relative terms is occuring within the $800K-$1M price range.
Lowest priced listing: $137,700
Highest priced listing: $19,900,000
Properties currently under contract: 22
Properties sold in August 2007: 14
Properties sold year to date: 124
Months of inventory based on closed sales: +/- 16