Pending Sales In Coconut Grove

Currently in Coconut Grove we have 22 single family homes that are under contract. The list price of these homes ranges from $380,000 for a foreclosure on Battersea Road to 3071 Lucaya whcih was listed for $1,250,000.

Lets break down the pending sales in several different categories. Of the 22 homes in Coconut Grove that are under contract:

• 11 are in North Grove and 11 are in South Grove.
• 6 are foreclosures, and 5 are short sales.
• Above $1,000,000 there are 2 that are currently under contract, and of those, only one will close over a million.
• From $800,000 to $1,000,000 there are 2 that are currently under contract (1 of those is a short sale).
• The bulk of the pending sales are listed from $500,000 to $800,000. In this price range there are 11 homes under contract.
• The rest of the homes under contract were listed below $500,000.
• Of these 22 pending sales only 6 of them occurred in June.

Because quite often it takes a long time for foreclosures and short sales to close, we have some houses that went under contract in January and are still pending sales.

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