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Just 1 Year Later, These Sellers See $110,000 Increase In Value

April 16th, 2014 Written By

Home at 801 Valencia in Coral Gables, FL

The home located at 801 Valencia Avenue in Coral Gables sold in 2013 for $830,000.  The owners placed the home back on the market just 7 months later for a list price of $950,000 and just closed on it for $940,000.  The home completed a major renovation in 2010, but had no significant improvements between 2013 and 2014.

I am sure that many people who saw the house balked at paying $100,000 more than what the current owners paid just a year ago.  But I always tell my clients that you can’t penalize someone for getting a good deal on a house in a surging market.  A house is worth what someone will pay for it, and in today’s environment if you don’t buy it someone else will.

Kitchen at 801 Valenica Avenue in Coral Gables, FL

Details of this home included:

  • 2,332 square feet of living area
  • 3 bedrooms, 3 baths
  • 11,600 and room for a pool
  • Listed by Blue One Realty

If you want to work with a realtor who specializes in Coral Gables real estate, please feel free to contact me at 305-342-1623 or send me a note here.  The real estate market is changing rapidly and we follow the trends to make sure our clients make informed, confident decisions.

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