Come home to your spacious 3 bedroom, 3 bath renovate historic home in Coral Gables and enjoy peace and tranquility just minutes from great dining, shopping and entertaining. Merrick Park is just minutes away as is downtown Coral Gables. Designer bathrooms add a spa-like relaxation in your new home.
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If you are a fan or resident of Coconut Grove or own a business and don't follow the Coconut Grove Grapevine, you SHOULD!
The Coconut Grove Grapevine is your one stop shop for events, dining, dirt, news, politics and life in the Grove.
Updated throughout the day with info, photos, goings-on, it's all there. See a crazy sight on the street and wonder what that was all about? Go visit the Coconut Grove Grapevine. New restaurant open and wonder how the food is? Go visit the Coconut Grove Grapevine. Wonder what's up with the crazy politicians, bureaucrats and parking? Go visit the Coconut Grove Grapevine! Seriously, anything you might be thinking about int he Grove, it's on the vine!
They are on twitter, and facebook, offer an RSS feed so you can get your Grove on however you like!
They also have tons of advertising opportunities for local Coconut Grove businesses, if you don't believe, check out who does!
Coral Gables Active Listings - 472 (down from last month)
203 are "luxury listings" (ie over $1,500,000) (down from last month)
35 are short sales (down from last month)
4 are foreclosures (less than last month)
Median List Price - $1,250,000 (up from last month)
Coral Gables Pending Sales - 99 (Up from last month)
12 are "luxury listings" (up from last month)
31 are short sales (up from last month)
20 are foreclosures (up from last month)
Coral Gables Closed Sales - 29 (up from last month)
6 were "luxury listings"
3 were short sales (up from last month)
2 were foreclsoures
Average List Price - $1,338,000
Average Sold Price - $1,121,000
List price to Sold Price Ratio - 87%
Higest Closed Listing - $5,500,000
Lowest Closed Listing - $630,000
What does this mean to you?
If you have a listing in the luxury market, there is stiff competition with over 1/3 (almost 1/2!) of all listings in Coral Gables in the top 10% of Miami-Dades' pricing ("luxury listings"). Listings in the upper price point are selling at a much slower rate than the lower price points and there are 3 years of inventory on the market (a sellers market is closer to 6 months). In order to be a viable listing, the price must be correct and the marketing top notch. Without both, listings are having a slow time moving. The GOOD sign is that properties are really moving, the inventory is down and the sales are up, so seller, things are looking up!
If you are on the hunt for a "bargain", they are out there, but they go quickly. Most foreclosures sell quickly and close to, or above list price. In order to have the best chance of snatching one of these deals up, work with an experienced Coral Gables Broker who is comfortable with foreclosures (like me, hint hint ;-). They will advise you as soon as a new property comes on the market or drops in price to be within your price range. They will also knows the special ins and outs of purchasing foreclosures. Properties are going faster than before, especially the well priced ones, now is the time to look before the market completely turns. Look at the market reports from earlier this year and you will see the trend in sales....
Check back next month for the Coral Gables August month in review!
Visit past Market Reports (scroll down once you click the link to see all)
Customized Monthly Market Reports delivered right to your email!
Bookmark with me your favorite listings on
FREE Customized Monthly Market Reports delivered right to your email!
Free HOME VALUATION!
Free MLS Search!
Call Janie at 786-252-4970!!
Want more news? Subscribe in a reader!
Coconut Grove Active Listings -248 (similar to last month)
65 are "luxury listings" (ie over $1,500,000) - (down from last month)
36 are short sales (similar to last month; 4 are luxuray properties)
5 are foreclosures (fewer than last month)
Median List Price - $867,500 (up from last month)
Coconut Grove Pending Sales - 30 (similar to last month)
0 are "luxury listings" (same as last month)
8 are short sales (similar to last month)
9 are foreclosures (similar to last month)
Coconut Grove Closed Sales - 11 (double from last month)
1 was "luxury listings"
1 was a short sale
1 was a foreclsoure
Average List Price - $720,582
Average Sold Price - $660,000
List price to Sold Price Ratio - 92% (up 5% from last month)
Higest Closed Listing - $1,400,000
Lowest Closed Listing - $124,000 (a foreclosure)
What does this mean to you?
If you have a listing in the luxury market, there is stiff competition with over 1/4 of all listings in Coconut Grove in the top 10% of Miami-Dades' pricing ("luxury listings"), Listings in the upper price point are selling at a much slower rate than the lower price points and there are 4 years of inventory on the market (a sellers market is closer to 6 months). In order to be a viable listing, the price must be correct and the marketing top notch. Without both, listings are having a slow time moving.
If you are on the hunt for a "bargain", they are out there, but they go quickly. Most foreclosures sell quickly and close to, or above list price. In order to have the best chance of snatching one of these deals up, work with an experienced Coconut Grove Broker who is comfortable with foreclosures (like me, hint hint ;-). They will advise you as soon as a new property comes on the market or drops in price to be within your price range. They will also knows the special ins and outs of purchasing foreclosures.
Check back next month for the Coconut Grove August month in review!
Visit past Market Reports (scroll down once you click the link to see all)
Customized Monthly Market Reports delivered right to your email!
Bookmark with me your favorite listings on 
FREE Customized Monthly Market Reports delivered right to your email!
Free HOME VALUATION!
Free MLS Search!
Call Janie at 786-252-4970!!
Want more news? Subscribe in a reader!
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Papillon is a boutique real estate brokerage and development firm based in Coral Gables. From equestrian properties in the country to waterfront properties by the sea, we love all properties in SoFl.
Papillon is well versed at short sales. We can help you negotiate these uncertain times and help find a soluiton with your lender to get you out of a loan and or property that you can no longer maintain. Call us today to find out more!
Diversity is my middle name! I thrive on knowing and experiencing new things and am constantly in flux of what I am working on, researching and discovering. A passion for real estate and design has led me on a winding path to today. College in Richmond VA (go Spiders) provided me a B.S. in Business Administration and a springboard to my first job as Asst. Project Manager at The Oliver Carr Company, which later became the Mammoth REIT, CarrAmerica, now a national Commercial Property owner, manager and developer (back then it was still private and we still worked with Mr. Carr). After a few years there working my way to project manager and nearly completing a degree in interior design, I headed off to Germany where I lived with my then-husband and still-daughter, for 5 years.
Returning to the US and moving to Miami started my next life, this time on the general contractor side building the interiors of the commercial spaces I used to manage while with Carr. Five years and many beautiful spaces later, my husband Cliff and I decided to go out on our own, and we started Papillon Redevelopment, a general contracting and development firm in Miami. A year later Papillon Real Estate followed with my partner, Shelly Montalvo.
My passions are many, and I have miraculously managed to tie many into my work: real estate, horses, Florida history and off-the path locations, reading, technology and the web, mentoring, farm life, yoga, ancestry, historic preservation and architecture, writing and more.
I truly believe that if you dream it, you can do it. Two years ago I completed the Goofy Challenge, Disney Marathon's Great Challenge of a 1/2 marathon on Saturday and a full marathon on Sunday. I won't tell you it was easy, but I dreamed it and I did it. Real estate, as is everything in your life, is the same, only YOU create your barriers which means you have the power to break through them.
My favorite quote -- "The universe tends to unfold as it should" from Harold and Kumar go to White Castle and, and in the famous words of NPR..."This, I believe".
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