Coconut Grove Condo and Townhome 2022 Fall Market Update

Here’s a quick look at the fall stats for sales and inventory in the Coconut Grove condo and townhome market from January through September of this year.

Under $500,000

• Inventory        43% Increase
• Sales                 43% Reduction

$500,000 to $999,999

• Inventory        24% Reduction
• Sales                 90% Increase

$1,000,000 – $1,999,999

• Inventory       192% Increase
• Sales                 67% Increase

Over $2,000,000

• Inventory         Stable
• Sales                  25% Reduction

As interest rates continue to increase, currently close to 7%, we expect prices to come down a bit over the next three months.  Let’s see what effect this has on inventory and sales.

Want to know more about the Coconut Grove Market?  Reach out to me anytime to get into the Grove.  305.898.1852

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