Top Coconut Grove luxury home realtor, Ashley Cusack, has published a market report that shows record-low inventory levels matched by record-high prices per square foot. This is expected to drive more sellers into the market for home buyers searching in the $1M to $5M range.
Ashley Cusack, Top Coconut Grove Realtor
Says Now is an Ideal Time to Sell
Ashley Cusack has issued a new
report on the state of the Coconut
Grove real estate market,
explaining that an already hot
market in early 2021 has been
significantly topped in early 2022.
Earlier market updates that
Cusack has written since 2021
have become somewhat
redundant given the soaring
South Florida real estate market
over the last year.
Should market updates be
written for other areas Cusack
focuses on, in particular Coral
Gables, Pinecrest, Palmetto
Bay, or South Miami, the story
would be the same.
The average sales price per
square foot in February of 2022
climbed to an almost
unbelievable $1,042, a number
previously only reserved for
waterfront homes.
The report concludes that
these levels of sales price per
square foot is expected to
drive more property owners to
sell.
With inventory levels for homes
between $1,000,000 and
$5,000,000 in Coconut Grove down
to just 1 month, any home that is
listed will likely go under contract
very quickly and for a very strong
price.
“I will say that it feels like a
new wave of inventory is
coming,“ said Ashley
Cusack.
"I have had a number of people reach
out to inquire about their home's
current value, it has been hard to
book my photographer lately, and I
have had a lot of conversations about
off-market properties that are
becoming available
“I do not think in any way, shape, or
form that this is going to drive prices
down, but it might calm the market
somewhat if we do see a new influx
of listings. It is still a great time to be
a seller in Miami.”
The Ashley Cusack Team
sold over $126 Million in
luxury properties in the
Miami area in 2021.
Find out more at
ashleycusack.com or
call 305-798-8685
Says Now is an Ideal Time to Sell
Ashley Cusack has issued a new
report on the state of the Coconut
Grove real estate market,
explaining that an already hot
market in early 2021 has been
significantly topped in early 2022.
Earlier market updates that
Cusack has written since 2021
have become somewhat
redundant given the soaring
South Florida real estate market
over the last year.
Should market updates be
written for other areas Cusack
focuses on, in particular Coral
Gables, Pinecrest, Palmetto
Bay, or South Miami, the story
would be the same.
The average sales price per
square foot in February of 2022
climbed to an almost
unbelievable $1,042, a number
previously only reserved for
waterfront homes.
The report concludes that
these levels of sales price per
square foot is expected to
drive more property owners to
sell.
With inventory levels for homes
between $1,000,000 and
$5,000,000 in Coconut Grove down
to just 1 month, any home that is
listed will likely go under contract
very quickly and for a very strong
price.
“I will say that it feels like a
new wave of inventory is
coming,“ said Ashley
Cusack.
"I have had a number of people reach
out to inquire about their home's
current value, it has been hard to
book my photographer lately, and I
have had a lot of conversations about
off-market properties that are
becoming available
“I do not think in any way, shape, or
form that this is going to drive prices
down, but it might calm the market
somewhat if we do see a new influx
of listings. It is still a great time to be
a seller in Miami.”
The Ashley Cusack Team
sold over $126 Million in
luxury properties in the
Miami area in 2021.
Find out more at
ashleycusack.com or
call 305-798-8685