Only 3 Sales All Year In Deering Bay, Could Association Fees Be The Problem?
July 7th, 2010 Categories:Coral Gables Condos
The market in Deering Bay has been very slow this year. There are currently 20 units on the market and there have only been 3 sales all year. None of the units for sale or that have sold are in distress. Although the value is very good in Deering Bay right now (3 bedrooms selling under $800,000) buyers looking in this price point are typically not able to swallow their high association fees.
First sale was in the Siena Building, it was a 3 bedrooms/3 baths with 2,282 square feet of living space. It was listed at $995,000 and sold for $927,500.
The second unit that sold was in the Padua Building, this was also a 3 bedrooms/3 baths with 2,980 square feet of living space. It was listed at $799,000 and sold for $720,000.
The final sale was located in the Venice Building which also sold for $720,000. This unit featured 3 bedrooms/2 baths with 2,700 square feet of living space.
To view a list of all condos currently for sale in Deering Bay, please click here.
If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
