The market is very tight for properties in Coral Gables priced under $800,000. Homes in this segment of the market fly off the shelves and tend to sell very close to list price. In fact, the average “sale price to list price” ratio for homes listed under $800,000 in Coral Gables is 95%. For homes listed over $800,000 the ratio falls to 90%. It is essential to act quickly and put in a strong offer if you want to secure a home in this price point.
Here at The Riley Smith Group we stay on top of any new listings that hit the market to make sure that our clients are aware of every opportunity. When Jessica Adams, one of our buyer’s specialists, saw the property at 330 Camilo Avenue come across the MLS at a list price of $610,000 she knew that it would be perfect for her clients. She quickly got them in to see the home and advised them that if they liked it then they had to act fast. They submitted an offer shortly after and thanks to Jessica’s strong negotiating skills the home was placed under contract for $580,000.
Congratulations to her clients who closed on property this week! 330 Camilo Avenue offered 1,606 square feet of living area with 3 bedrooms, 2 bathrooms on a 5,000 square foot lot.
If you are interested in buying or selling a home in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or send us a message here.