COCONUT GROVE JOURNAL OF REAL ESTATE 2025
Q1
MARKET REPORT
GroveExperts.com
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Be sure to hire “ the” experts in the Coconut Grove market. You deserve local expertise and the finest national and international marketing. This is what we provide. Alba Biondi | 305 323 2595 Isabelle Andrews | 305 546 5421 TheTeam@GroveExperts.com GroveExperts.com Alba Biondi & Isabelle Andrews Over $400 Million In Sales We speak English, Spanish, French, and Italian.
Coconut Grove Market Update – Q1 2025 The first quarter of 2025 marks a shift in Coconut Grove’s real estate landscape with signs of market normalization after years of steady growth. • Single-Family Homes: 43 homes sold, which is up slightly from 40 sales last year. The median sold price declined to $1,925,000, which is down from $2,175,000—the first year-over-year decrease since 2019. 58% of these transactions were closed in cash. • Condos: 44 units sold, which matches Q1 2024’s volume. The median sold price dropped to $1,025,000 compared with $1,410,000 last year. 63% of condo sales were cash deals. Inventory is increasing, and buyers are becoming more selective. Thinking of selling? Let’s meet confidentially to discuss the value of your property in today’s evolving market.
Isabelle & Alba
Isabelle and Alba
STEADY HOME SALES AS INVENTORY RISES
+80% SINCE YEAR 2022
HOME MARKET OVER $4M IS A STRONG BUYER’S MARKET
51% OF ALL HOMES ARE PRICED OVER $4M
19% OF ALL HOMES SOLD OVER $4M
STEADY CONDO SALES AS INVENTORY SURGES
CONDO MARKET OVER $3M IS A STRONG BUYER’S MARKET
35% OF ALL CONDOS ARE PRICED OVER $3M
10% OF ALL CONDOS SOLD OVER $3M
OUR ACTIVE & SOLD LISTINGS
1240 FERDINAND ST, CORAL GABLES | ACTIVE
3141 JEFFERSON ST, COCONUT GROVE | ACTIVE
4 B E D S | 4 B A T H S | 2 ,6 3 4 S F | 1 5 ,0 0 0 S F L O T | $ 2 , 5 7 5 , 0 0 0
3 B E D S | 2 B A T H S | 1 , 3 6 5 S F | 7 ,0 0 0 + S F L O T | $ 1 , 9 9 9 , 9 9 3
L SO
D
3152 NEW YORK ST, COCONUT GROVE | SOLD
3 B E D S | 3.5 B AT H S | 2,215 S F | TO W N H O U S E | $1,550,000
L SO
D
3701 KUMQUAT AVE, COCONUT GROVE | SOLD 3 B E D S | 2 B AT H S | 1 ,5 4 8 S F | 1 2 K + S F C O R N E R L O T | $ 2 , 3 0 0 ,0 0 0
L SO
D
637 ALCAZAR AVE, CORAL GABLES | SOLD 5 B E D S | 3 B AT H S | 2,785 S F | $2,850,000
SO
LD
2957 BRIDGEPORT AVE, COCONUT GROVE | SOLD
3 B E D S | 3 B A T H S | 2 , 2 4 0 S F | T O W N H O U S E | $ 1 , 4 2 5 , 0 0 0
ISABELLE & ALBA
YOUR NEIGHBORHOOD EXPERTS • Berkshire Hathaway HomeServices EWM Realty Top Producers • Multi-award-winning real estate agents since 2012 • Coconut Grove & Coral Gables real estate experts • Speak English, Spanish, French, and Italian
Alba Biondi | 305 323 2595 Isabelle Andrews | 305 546 5421
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