Despite the unbelievable turnaround in the Coral Gables real estate market over the past few years, we are still seeing some distressed properties come across the MLS. There have been a total of 17 short sales and 12 foreclosures sold in 2014 in Coral Gables. The average sale price of these homes has been $600,000 ($250.00/sq. ft.).
There are 21 short sales and 4 foreclosures pending/under contract in Coral Gables and approximately 5 short sales and 5 foreclosures currently for sale.
While it is still possible to snag a distressed sale, you typically have to be a cash buyer and willing to pay close to or above asking price.
Check out the spreadsheet below which shows all of the short sales and foreclosures which have closed in Coral Gables this year. If you would like more information about any of these sales, please feel free to contact us.
We are Coral Gables real estate specialists.
If you are interested in buying or selling real estate in Coral Gables, we would love the opportunity to work with you. We can be reached anytime at 305-342-1623 or by sending us a message here.
Visit Our Other Miami Real Estate Blogs: