Here is the latest in Coconut Grove condo sales for the month of March 2011:  There were 19 sales all together 4 of the sales were bank owned also know as REO’s and 7 of the sales were short sales. The lowest sales was a studio condo at 3698 Williams Ave for $9,000 (huh?!) and the highest sale for March was for a  3 /2 condo at 3 Grove Isle Drive, unit C1002 for $760,000 ( short sale)

The list to sale price ratio was between  86 % to 97 %

Here is a break down of the sales below.

6 Sales under  $149,000

2 Sales between  $ 150,000 to $199,999

1 Sales between  $200,000 to $249,999

4 Sales between   $250,000 to $ 299,999

2 Sales between   $300,000 to $349,999

1 Sale between    $ 350,000 to $399,999

1 Sale between   $ 450,000 to $499,999

1 Sales between $ 500,ooo to $549,999

1 Sale between  $ $700,000 to 749,000

More than half of March condo sale were foreclosed or short sale properties. The bank owned condos made up the lower end of the price range and the short sales were in just in every price range. Interesting   to note that in March 2010 there were 27 condo sales of which 5 were bank owned condos and 6 short sales

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