Coral Gables Real Estate Is On Track To Outsell 2009
April 7th, 2010 Categories:Coral Gables Real Estate
Just taking a quick look at my Coral Gables numbers this morning I noticed that the Gables has already had 96 single family homes to sell so far in 2010. This is 24 more sales than we had during the same time period of 2009, and 21 more sales than we had in 2008.
The reason for the increase in sales does not seem to be a result of lower prices, at least not in Coral Gables. The “price per square foot” figure only fell $4.00 from the first quarter of 2009 to the first quarter of 2010. The reason is likely due to lower mortgage rates and general consumer confidence.
Other interesting figures: The average sale price for a home in Coral Gables during the first quarter of 2010 was $1,002,672 and the median was $645,000.
If you looking for an experienced Realtor who works in the Coral Gables area to help you in your home search, I would be happy to assist you. Please contact me at 305.342.1623 or send me a note here.
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Riley,
This is great data. The trends we are seeing on the finance side in terms of a return of liquidity to the jumbo market is complimenting the return of agressive buying activity in these markets.
Thanks for keeping us all informed.
James