With all of this talk about how hot the real estate market is in Coral Gables, I would like to point out that the foreclosure market has been extremely slow in 2012. Over the last year there has been so much talk about shadow inventory and all of us were wondering when the onslaught of foreclosures was going to hit the market. However we still have not experienced a surge in distressed properties here in the Gables. There are currently 2 active single family foreclosures for sale and 10 foreclosures have sold in 2012 (out of more than 160 sales).
If you are interested in buying or selling real estate in Coral Gables and would like to work with a local real estate agent who knows the market and tracks the numbers, please feel free to give me a call directly at 305-342-1623 or send me a message here.