Q2 2025 - Coconut Grove Journal of Real Estate

Coconut Grove Market Update – Q2 2025

The second quarter of 2025 reflects a stable market for single-family homes and townhouses, while the condo market continues to shift toward a buyer’s market as inventory reaches new heights.

Single-Family Homes

The market remains solid with the median sold price once again reaching an all-time high for a second quarter. Sales performance and available inventory are comparable to previous years, showing resilience in this segment.

Resale Condo Market

New developments, such as Mr. C Residences, have entered the market and significantly increased resale inventory, placing downward pressure on selling prices.

Townhouses

Prices in the $1M–$2M range offer buyers a large choice of inventory. Selling prices will remain flat at best in this price range.

Cash Deals

• 70% of single-family home sales

• 77% of condo sales

• 40% of townhouse sales

Nationally, real estate markets are softening. Coconut Grove’s home and townhouse markets remain resilient.

Thinking of selling? Let’s schedule a confidential consultation to help you make the right move.

Warm regards, Isabelle & Alba

COCONUT GROVE HOMES’

MEDIAN SOLD PRICE MORE THAN DOUBLED IN 5 YEARS

Q2 COCONUT GROVE HOME SALES THROUGHOUT THE YEARS

Q2 2025 SINGLE-FAMILY HOME MARKET FACTS

• $9,800,000 was the highest sale. This home is located at 3711 Park Ave. It was built in 2024 and offers 6,186 Sq. Ft. of living space on an 18,450 Sq. Ft. lot. $1,584 / Sq. Ft. was the sold price. The sale was a cash transaction.

• $665,000 was the lowest sale. This home is located at 3631 Loquat Ave. It was built in 1967 and offers 756 Sq. Ft. of living space on a zero Sq. Ft. lot. $880 / Sq. Ft. was the sold price. The sale was a financed transaction.

• 8% is the average discount between the asking price and selling price.

1/3 OF RESALE CONDOS ON THE MARKET WERE BUILT AFTER 2022

Q2

COCONUT GROVE CONDO

RESALES

THROUGHOUT THE YEARS

Q2 2025 COCONUT GROVE RESALE CONDOS SOLD VERSUS FOR SALE

# CONDOS SOLD IN Q2 2025

# CONDOS FOR SALE AS OF JULY 1, 2025

# MONTHS OF INVENTORY

Q2 2025 RESALE CONDO MARKET FACTS

• $12,500,000 was the highest sale. This condo is at “One Park Grove” located at 2811 S. Bayshore Dr. Built in 2020, it offers 4 bedrooms, 5 bathrooms, and 3,247 Sq. Ft. of living space. $3,850 was the sold price per Sq. Ft. The sale was a cash transaction.

• $315,000 was the lowest sale. This unit is situated at Villagio in The Grove, 3680 Oak Ave. Built in 1957, the property is a 1-bedroom condo with 430 Sq. Ft. of living space. $456 was the sold price per Sq. Ft.

• 5% is the average discount between the asking price and selling price.

Q2 2025 TOWNHOUSE MARKET FACTS

• $3,650,000 was the highest sale. This townhouse is at 2832 Coconut Ave. Built in 2004, it offers 4 bedrooms and 4.5 bathrooms. The sale was a cash transaction.

• $599,000 was the lowest sale. This property is situated at 3000 Bird Ave. Built in 1971, the property is a 2-bedroom townhouse with 965 Sq. Ft. of living space.

• 5% is the average discount between the asking price and selling price.