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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
