Hello Valued Reader,
We are starting a new “beginning-of-the-month feature” where we will analyze real estate statistics for our favorite city in the world… Coral Gables, in case you didn’t get that from the blog title.
This is a good news post today because October 2011 resulted in more closings than October 2010. Moreover, as of October 31, 2010 only 343 sales had closed for the entire year whereas this year at the same time there is a total of 408 closed sales. Of course many of the cynics out there might say “Well there may be more closings but that is because prices are cheaper”. Au contraire mon fraire! The average sales price has actually increased slightly from $968,230 to $970,668 and it all points to a move in the right direction for Coral Gables Real Estate. Now is the time to buy as prices and interest rates remain low but demand is increasing.
I live and breathe Coral Gables Real Estate, so if you would like to delve into the numbers further call me any time otherwise please enjoy these sweet graphs…
Joshua T. Reich, P.A.
Broker-Associate
“Knowledge, Professionalism, Diligence”
RE/Max Advance Realty
305-283-4470
Josh@GreatCoralGablesHomes.com
www.GreatCoralGablesHomes.com < Search Coral Gables Homes
www.TheCoralGablesBlog.com < Read all about it
Well done! I wonder how Coral Gables stacks up against other high end neighborhoods like Pinecrest or Bal Harbour. Is there any way to chart new construction of single family homes? This might be the most telling number of all. This could include total remodels.
Thank you sir! That is a good idea I will compare them in a future post!