3rd Quarter of 2013
The Condo Market in Numbers! Sixty-eight condos sold – only six were bank-owned transactions, and seven were short sale.
With sixty-eight condos sold in Coconut Grove during the 3rd quarter of 2013, the market experienced an incredible increase of 48% in the number of units sold compared with the 2nd quarter. Gross sales decreased slightly from $34,988,475 sold during the 2nd quarter to $32,200,439 sold during the 3rd quarter. This decrease occurred because a larger number of units sold in a price range under $1 million compared with the last quarter. The total number of condos sold as a short sale (seven) was the same during these two quarters of the year, and six properties were sold as a bank-owned transaction, three more compared with the quarter.
The condo market of resale properties is very active. The social and events season is at our doorstep, and the world is ready to come to Miami. It’s a great time to put your condo on the market for sale. Please call us- we would love to visit with you to discuss your unique situation in confidence.