Townhouse or single family home in Coconut Grove?

Single Family in Coconut Grove

Townhouse in Coconut Grove

As some of you may know, I started farming Center Coconut Grove a few years back and have had success over the years in this neighborhood.  This neighborhood is comprised of townhouses and filled with families walking babies and dogs, parks and a short stroll to gourmet markets like Fresh Market and Gardeners, cafes and the soon to be newly renovated high end movie theater! 

Since prices have come down quite a bit compared to 2005-2006, buyers who ruled out buying a single family home are now reconsidering this option especially since it is easier to get financing.  Most townhomes are considered a condo or zoned RE2 and banks ruled by Fannie Mae and Freddie Mac have strict rules when it comes to loaning money.  The pricing for a 3 bedroom townhouse compares to some 3 bedroom single family homes of course with differences and what you get for the buck.  If you click on the links below you will see there are new 3, bed townhomes and single family homes ranging in price from $300k-$700k some around the $300k mark; you can assume are short sales or foreclosures.  Most of the towhomes are newer construction with impact glass and quite a few of the single family homes are smaller in size and may require some tweeking to make livable for you and your family.  For this reason, some buyers prefer a townhome which is brand new and ready to move right in.  After living in a single family home in Coconut Grove for almost 9 years, I can vouch for the yard up keep; you have to be ready for it all year long since some more than others tend to be high maintenance compared to a townhome yard. 

Click here to see most of all the Center Grove townhouses on the market (please note to scroll from page to page use the arrow in the upper left hand corner)  http://tinyurl.com/ycarzn8

Here are Coconut Grove SFH (single family homes) priced between $300-$700k  http://tinyurl.com/y8mt2lg

Look what has closed so far in 2010 for townhouses http://tinyurl.com/ykq497x verses single family homes http://tinyurl.com/yfb98f8 -based on the # of closed sales the numbers are almost equal although if you consider the amount of townhouses on the market verses single family homes, the amount of SFH is almost double that of townhouses.

Which do you prefer a townhouse or single family home? 

To view any of these listings in Coconut Grove find me at 305.807.9199 or www.facebook.com/charmingmiamihomes and I would be happy to assit you with your search.