2010 Market Report 33133
Townhouse market in 33133 is picking up some summer steam!
Jul 15th
Townhouses in Center Grove offers families and young professionals another option if they want a new construction, a garage, impact glass and in some cases a pool for under $600,000. The townhouse market seems to be picking up some steam with a few pending and closed sales compared to a relatively slower first half of the year. Seems the price for a newer 3 bedroom townhouse has stabilized depending on features and condition wavering between $500-$575k. Two of the highest closed townhouse sales in the last 6 months have been 3133 Jackson Avenue which closed for $570,000 and 3067 Gifford Lane which closed for $565,000. Both units have pools and were nicely upgraded including impact glass. About six months ago I closed 2960 Bridgeport for $530,000 and now I have the sister unit 2970 under contract after only advertised on the market for a week. A unit at 3212 Matilda recently closed for $510,000 which in my opinion is a healthy sale price considering it had carpets, shutters and was 6 years old. I recently heard it through the grapevine that 3146 Gifford just went under contract for $537,000 and was not even on the market for a single day! This unit had carpets and no impact glass. I closed 3036 Allamanda about 6 months ago then a similar unit 3047 Allamanda which was never on MLS or officially listed for sale closed two months later for the same price of $507,000. It sure is a good sign of the market turning for the better when units are selling after not even on the market for one day or one week! I think it is crucial if you are trying to sell to have your property in tip top shape and I cannot stress this enough that a clean, fresh smelling staged home will sell faster and more successfully for any seller.
I have a great new listing located at 2936 Virginia Street. This 2008 3 bedroom townhome is graced with the best construction and finest millwork throughout the open layout over 2000 SF. Even equipped with dipping pool and impact glass. A must see and priced to sell at $498,800! 
If you are thinking about buying or selling please do not hesitate to call me at 305-807-9199 or send me an email at jill@jillpenman.com.
Sunrise park neighborhood in Gables/Grove area is heating up like hopefully the Miami weather!
Mar 23rd
March 23, 2010
If you travel down tree lined Main Highway in Coconut Grove you will find yourself at a light which empties into Douglas Road then splits into Ingraham Highway. Douglas then leads one into a great little neighborhood which is very family friendly, meticulously maintained and close to the beautiful Bay and a super cute park, Sunrise Harbor. You may notice the green metal street signs waivering above eye level and then a transition suddenly to white, ground level concrete blocks. This is a sure sign you are now in the City of Coral Gables, 33133. So Coconut Grove’s (City of Miami) well known zip code, 33133 shares itself with Coral Gables or vice versa. This area has a great vibe and wonderful aura about it, which does not surprise me in the least to see the following recent 2010 closed sales go under contract after only being on the market for less than 23 days each! Properties in this neighborhood may range in price if waterfront from $23,500,000 to non waterfront around $799,000.
Click here is see the recent sales ranging from a healthy $334 to $281/sq ft http://tinyurl.com/yc6ore7
Check out active homes for sale by clicking here http://tinyurl.com/y86m9dx
If you or a friend would like to view active listings in this neighborhood or surrounding Miami area you may find me at 305-807-9199 or jill@jillpenman.com.
Market Report-last 6 months-33133-$400k-$999k-8/2009-1/2010
Feb 24th
You often hear REALTORS and brokers speak in terms of price per square footage. Some buyers take the price per square foot to a science and others not so much. Above you will find two charts taking in all closed sales in area 41 zip code 33133-Coconut Grove from August of 2009-January of 2010 -one chart for single family homes from $400-999,000 and the other condos and townhouses using the same criteria. Average price per square foot ranges but remains pretty stable from Aug until January of this year for single family homes under $1,000,000 from $233-$291/sq ft. averaging out over the past 6 months around $265/sq ft. For condos and townhouses, the average price per sq ft over the past 6 months is approximately $268/sq ft. Obviously, this does not include waterfront which drastically jumps up in price and does not take into consideration properties above $999k. Keep in mind you may have a property that has been renovated or have an oversized lot and list and sell above these averages price per square foot.
If you are thinking of selling your property find me at jill@jillpenman.com or 305.807.9199.