Coral Gables $1,000,000+ Market
July 27th, 2010 Categories:Coral Gables Real Estate
As of today, 52% of the single family homes for sale in Coral Gables are priced over $1,000,000. Interestingly enough, homes in this price range only comprise 25% of the closed sales for this year. These figures mean that the inventory in Coral Gables is not completely in line with the demand.
It is not however indicative of a slow down in the luxury market. Take a look at the chart below and you will see that 2010 is on track to sell equal or more $1,000,000+ homes than the past few years.
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.
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