Happy New Years Eve! As the Coconut Grove luxury real estate expert, I’m taking a look at the state of the market as we leave 2014. I’ve reviewed the average price per square foot in Coconut Grove by comparing data from the second half of 2013 to the same time this year to determine the growth trajectory of our community.
The Dec 2014 Chart I’ve generated reports a favorable environment for home values. For Single-Family Homes over $500k, the average price per square foot from July – November 2013 was $344. We can compare that to July – November of 2014 where we hit $420. These figures clearly communicate a healthy and growing market in Coconut Grove. I anticipate continued momentum in this sector and look forward to guiding you with a customized report as you explore your own real estate path in 2015!
Work with a Coconut Grove luxury real estate specialist as you explore real estate opportunities in the tropical chic communities, call today for a buyer or seller consultation with the Jill Penman Group at 305.807.9199. My expertise in local real estate and the global luxury market delivers extraordinary service that has firmly established my brand as an international luxury real estate leader for the past 11+ years. Read more about how I tirelessly chase the results that matter most to our clients and reach out to experience this for yourself.