Nearly 10 Months Of Condo Resale Supply Listed In Miami’s Coconut Grove

A review of the latest condo statistics shows the average asking price in Miami’s Coconut Grove is about $1,200 per square foot.

Miami’s Coconut Grove neighborhood is in a buyers market for condos with nearly 10 months of supply currently listed for sale near the end of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

Miami’s Coconut Grove neighborhood is defined for this report as U.S. 1 south to Biscayne Bay, and Southwest 32nd Road west to Southwest 42nd Avenue.

In the 12 months of 2023, buyers purchased an average of about two units per month for a total of about 24 units between January and December.

Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Coconut Grove area is in a buyers market with a supply of nearly 20 units available for purchase.

We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during these last two weeks on CondoVultures.com looking at the winners and losers in the secondary Miami-Dade County markets of Aventura, North Miami, Miami’s Upper East Side, North Bay Village, Miami’s Little Havana, Coral Gables and Miami’s Coconut Grove.

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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

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