There’s No Place Like Home!

Just Listed: 4046 El Prado Boulevard, Coconut Grove. 3 Bedrooms, 2.5 Baths, 2,400 adj sf (as per appraisal). Living room, formal dining room and family room that could be a 4th bedroom. Great designer wood kitchen with top end appliances. Private 2nd floor master suite with great closets, a very special bathroom and bamboo floors. Offered at $875,000. View more at www.4046ElPrado.com!

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This is an incredible opportunity to live in a sought after neighborhood in the South Grove. If you or someone you know is interested in this property please do not hesitate to contact the Forster Team for a private showing.

JO-ANN FORSTER – 305.778.5555

BRIAN FORSTER SHAPIRO – 305.978.8655

EWM REALTY INTERNATIONAL

Neighborhoods You’ll Love, Homes You’ll Cherish!

You’re invited to our Broker’s Open Houses this Wednesday, May 9 from 12:30 to 2:30. Enjoy the peace of mind that 3848 Utopia Court (3/3.5, 2,898 sf, $1,250,000,www.3848utopia.com) offers through the protection of private police patrol.Perhaps you’ll also like the family oriented environment that 490 Campana Avenue (5/3.5, 3,880 sf, $1,199,995, www.490Campana.com) enjoys within the sought after community of Hammock Oaks? You’re invited to preview both and join us for refreshments. We hope you will have the opportunity to take advantage of these unique opportunities!

VIEW FLYER

JO-ANN FORSTER 305.778.5555

BRIAN FORSTER SHAPIRO  305.978.8655

EWM REALTY INTERNATIONAL

Coconut Grove Market Snapshot

The following chart summarizes market activity in Coconut Grove for the period of April to September 2010. The amount of homes sold in April and September 2010 remained the same with 15 closed sales on each of those months. Pending Sales increased 9% from 23 Pending Sales in April to 25 Pending Sales in September. Average Days on Market decreased by 5% from 133 Days in April to 127 Days in September. Months of Inventory increased by a month from 17 Months in April to 18 Months in September.

The average price per square foot sold increased 24% from $213/SqFt in April to $264/SqFt in September. The average sold price increased 38% from $482,000 in April to  $664,000 in September.

Versus a year ago, the amount of Active Listed Inventory has increased 6% from 250 homes on the market in September 2009 to 264 on the market in September 2010. The amount of homes sold in September 2010 decreased by 35% from 23 homes sold in September 2009 to 15 homes sold September 2010. Pending Sales increased 14% from 22 in September 2009 to 25 in September 2010. Average Days on Market increased by 38% from 92 Days in September 2009 to 127 Days in September 2010. Months of Inventory also decreased by 64% from 11 Months in September 2009 to 18 Months in September 2010.

The average price per square foot sold increased 8% from $245/SqFt in September 2009 to $264/SqFt in September 2010. The average sold price increased by 18% from $565,000 in September 2009 to  $664,000 in September 2010.

Call me today to add your home to the growing list of sale success stories in Coral Gables. I can be reached at 305.778.5555 or email me joann@uniquehomesofmiami.com.

Coveted Guard Gated Community

I recently listed a 7 bedroom/7 bathroom home inside gated Four Way Lodge Estates in Coconut Grove. This is the home you always promised yourself! Coveted guard gated community within walking distance to the best schools, shops, galleries, restaurants and an inspired lifestyle. Built in 2008 and crafted to anticipate your every need. Enjoy a builder’s acre of privacy and paradise. Generous proportions throughout with fine detailing. Walk-in wine cellar, magnificent bar, 2 fireplaces, super sized family room, office, & den. Elevator. Heated Pool.3 car garage plus covered parking. Community Boat Basin. For more information and photos visit http://www.3410Poinciana.com.

New Listing – 3425 N. Moorings Way

I recently listed a 4 bedroom, 4,436 Square Foot home inside The Moorings, Coconut Grove. This home offers security, exclusivity, and style. Enjoy a short stroll to fabulous shops and restaurants, the best schools and activities, and to further your lifestyle experience, boating within the community. A classic and compelling treasure of a home. Generous proportions and sensual spaces will call your name in the dramatic, light filled entry and Living Room. Perfect Family Room that redefines relaxation and fun. Wonderful Master Suite with super sized Master Bath. Your home is here!

August 2010 – Coconut Grove Market Trends

The following chart summarizes market activity in Coconut Grove for the period of March to August 2010. The amount of homes sold from March to August 2010 dropped 43% from 21 homes sold in March to 12 sold in August. Pending Sales in August were almost identical to the amount of Pending Sales in March. Average Days on Market increased by 88% from 104 Days in March to 196 Days in August. Months of Inventory increased decreased 83% from 12 Months in March to 22 Months in August.

Versus a year ago, the amount of Active Listed Inventory has increased 3% from 255 homes on the market in August 2009 to 263 on the market in August 2010. The amount of homes sold in August 2010 increased by 9% from 11 homes sold in August 2009 to 12 homes sold August 2010. Pending Sales increased 11% from 18 in August 2009 to 20 in August 2010. Average Days on Market increased by 102% from 97 Days in August 2009 to 196 Days in August 2010. Months of Inventory, however, decreased by 6% from 23 Months in August 2009 to 22 Months in August 2010.

All About Coconut Grove

I have specialized in Coconut Grove Real Estate for over 30 years and had the opportunity to list and sale many of Coconut Grove’s most unique and special homes. I have also served as past president of the Coconut Grove Chamber of Commerce and currently reside in Coconut Grove. Coconut Grove is one of the oldest communities in the City of Miami overlooking Biscayne Bay with an eclectic style luring young residents since the early 1960’s. Throughout the years, Coconut Grove has also been an attraction for authors, artists, musicians and inventors.  These have included Robert Frost, Harriet Beecher Stowe, Alexander Graham Bell, Tennessee Williams and Marjory Stoneman Douglas, defender of the Everglades.

Coconut Grove, also known as The Grove, consists of numerous distinct neighborhoods with various styles and price ranges.  One of these communities includes a flourishing African-American neighborhood whose descendants include early settlers from the Bahamas. The Grove can have a moderate cottage right next door to a recently renovated mansion or small condominium complex.  The cities luxurious mansions and waterfront estates are located in the Coconut Grove area and have residents including high profile individuals involved in the entertainment, business and sports professions.

The Grove also consists of a successful retail-entertainment center including Coco Walk, an indoor-outdoor shopping center with boutiques and restaurants and the Streets of Mayfair, which features a 10-screen movie theater. The small boutiques, restaurants and jewelry carts create an outdoor Miami atmosphere making the Grove a desirable destination for residents and visitors. Coconut Grove has other monumental features including the historic Villa Viscaya, the Miami Museum of Science, Mercy Hospital, respected and prestigious private schools, churches, parks and one of the most well liked marinas, Dinner Key.

Coconut Grove has numerous Gated Communities many of which have waterfront properties or marina access. View homes for sale in Coconut Grove by Clicking Here.