Pinellas, FL -- (ReleaseWire) -- 07/01/2014 -- Prices are on the rise in South Florida, and Coconut Grove Realty expects this to continue with the improving economic situation in the state.
The Miami Association of Realtors said in a statement that the Miami real estate market has continued to perform well as demand remains strong.
In Miami-Dade, the price of an average single family home rose by 21.4 percent in May this year, and 5.6 percent as compared to prices in April. The Miami Realtors Residential Board of Governors says that this is due to a surge in the demand for high end houses in the market.
The Miami Association of Realtors also said that the median sales price of a single family home in Miami-Dade Country climbed by 12.6 percent in May this year, and up by 2.9 percent from April this year.
Coconut Grove Realty says the trend will affect other nearby areas like Coconut Grove, one of the most popular bayside villages in Florida.
This despite a slowdown in the residential market in Coconut Grove last year after reports surfaced about the contaminated soil around the area’s parks. In September, it was reported that Coconut Grove real estate sales dipped by 40 percent due to the news.
Coconut Grove Realty, which sells Coconut Grove condos, is a top destination for real property buyers looking for real estate in Coconut Grove Florida. It encourages property buyers to visit it online and search among the many Coconut Grove homes for sale.
About Coconut Grove
Coconut Grove Realty is a website that offers the best in real estate in Coconut Grove Florida. Buyers of Coconut Grove condos will find the website user-friendly and comprehensive. It categorizes Coconut Grove homes for sale according to size, price, and number of rooms. For more information on Coconut Grove real estate, visit http://www.coconutgroverealty.com.
Linda C. Cox
3552 Maryland Avenue
Pinellas, FL 34624