Back in 2009 I wrote a post titled â€œMany Coconut Grove Residents Are Stuck In Their Housesâ€œ. At that time, there were many people who couldnâ€™t sell their current home because they were underwater (they owed more than their house was worth and didnâ€™t have cash to bring to the table). Fast forward to today where most sellers CAN afford to sell but now that inventory is so low they have nothing to buy! They are stuck again! I canâ€™t tell you how many listing appointments I have been on over the past few months where sellers would love to leave their current house in search of something newer, bigger, different location etc. etc. but have seen what is on the market and arenâ€™t very encouraged. It is a vicious cycle that could be remedied by an overall increase in home values. There is a tipping point where prices become so attractive to sellers that they sell regardless of other factors.
I am a Coconut Grove real estate specialist. In 2010 and 2011 I earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller consultation with me, please feel free to contact me on my cell at 305-342-1623 or send me a note here.
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