Real Estate Feast

2430 Swanson Ave.–Open House Review

I inspected this house in north Coconut Grove when it was open last week.  Swanson Avenue is a very pleasant, quiet street with the benefit of easy access to downtown Miami and Coconut Grove shops and restaurants.  The kitchen has been redone and the home has lots of charm, especially the cloistered back yard.  (There’s a storage shed which has seen better days, but that could easily be removed.)  There’s even a fireplace.  This 1945 three bedroom, two bath house is listed by Coldwell Banker at $639,247, right in the same price range as its immediate competitors in the neighborhood.  But the problem is that very little has sold in the area recently.  So even if your competition is priced about the same, if everybody’s price is too high to sell it doesn’t matter. 

Realist values this home at $450,000.

My pricing verdict:   Better than Realist, but still overpriced.

I don’t let my buyers pay too much or my sellers ask too much.  It’s just not good business.  If you’d like to see this house (and get my specific opinion as to what it should sell for) or any other home in South Florida, you can reach me at 305-401-8058 or bishopric.r@ewm.com.

This entry was posted on Wednesday, January 26th, 2011 at 10:39 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2. Kanesha Lenton said at June 14th, 2011 at 11:00 pm

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