COCONUT GROVE REAL ESTATE PRICES HOLDING UP

The Cherry Group, Coconut Grove's real estate experts, reviewed sales activity for May. Despite reports in the Miami Herald about price erosion, Coconut Grove real estate prices have held up over the last three months. Single family homes selling for between $700,000 and $1,200,000 sold for $286.00 per square foot. Nine homes went under contract, but the final sales prices won't be known until closing. Coconut Grove single family homes selling for over $1,200,000 number four and sold for an average of $287.00 per square foot. Four homes went pending. We're all so fortunate to live in Coconut Grove - one of the most desirable real estate addresses in the world. Please call Sylvia Cherry or Gary Hecht of The Cherry Group at 305.607.8360, if you'd like expert real estate pricing advice.