2011 Coral Gables Real Estate Recap: Single-Family Homes

Greetings Relentless Reader and Happy New Year!

I hope everyone enjoyed a fantastic holiday season with friends, family… and even family who you wouldn’t even want as friends!

Well let’s get right to it with our…
“First Annual Coral Gables Real Estate Market Yearly Annual Update of the Year for 2011 Anno Domini”…  got to work on that title.  But here goes…

In 2011 Coral Gables continued to feel the effects of the overall slump in the real estate market on a local and national level.  However, there were many encouraging signs to 2012 being a much better year than the past few.  The average sales price and sales price / sq. ft. saw increases for the first time in 5 years.  And while the number of short sales rose, reflecting a national trend, the number of foreclosures declined for the second year in a row.

Overall this points to a solid stabilization in the single-family market after the last few years of declines.  If you are looking to purchase a home in Coral Gables this data means that now is the time; prices will not get much lower and within the next 2-3 years will begin to climb again as distressed properties are sold off and the current harsh lending guidelines are relaxed.  Add to that the historically low interest rates (reported by BankRate.com as 4.21% at the time of this post) and it looks like now is the perfect opportunity to buy a Single-Family home in Coral Gables.  The chances of your home’s value dropping in 2012 are very low and there is a slim chance that if you make a smart purchase you will actually see an increase in your home’s value.  Call me to find out how to make a smart purchase.

Take a look at some of the numbers to get an idea of how 2011 was a year of stabilization in the Coral Gables Single Family Home market…

You can tell I know the Coral Gables Market because I make sweet graphs!  Tomorrow… the Coral Gables Condo Market (collective sigh)

Best regards,

Joshua

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Coral Gables City Hall Part 1

The other day I stopped by City Hall in Coral Gables.  I have seen and driven past this place so many times since, well a long time a go in a galaxy far far away when I was 15, just learning to drive and anxious to play every golf course in Miami.  Me and my buddy Jon would always come down to the Granada course (we couldn’t afford Biltmore at 15) and play through the 2nd hole that puts you right next to this fantastic building.  But I never noticed it and even recently with all the time I spend chronicling The City of Coral Gables for The Coral Gables Blog I had never stopped to notice how cool it is.  My favorite part is the George Merrick statue is that stares down Miracle Mile into the Heart of Coral Gables.

This is the first set of pics, more to come!  As always clicka da pic for da bigga view!
PS the team of engineers working at The Coral Gables Blog has finally figured out how to give you the giant super size resolution you want with the sweet little file size that won’t lag your connection, so click away and prepare to zoom out!

The Main Entrance

If you got a problem, they'll solve it, check out the hook while my... If you leave a comment with the author of this famous and incredibly important quote I will send you a link to the real song...great deal huh?

A very stately facade

I saw the sign and it opened up my eyes and I am...

The man, the myth, the legend

Mr. Merrick is very happy with his Miracle Mile

In similarly dark times as our own George Merrick stared down the storm of the Great Depression and created one of the most beautiful cities on Earth, now is our time...

Thanks for checking out The Coral Gables Blog, please deposit $.25

Joshua T. Reich, P.A.
Broker-Associate
“Knowledge, Professionalism, Diligence”
RE
/Max Advance Realty
305-283-4470
Josh@GreatCoralGablesHomes.com
www.GreatCoralGablesHomes.com
www.TheCoralGablesBlog.com

 

Published in: on August 31, 2011 at 9:07 pm  Leave a Comment  
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Coral Gables Television Searching for Historic Homes

Coral Gables Television recently announced that they are searching for Historic Coral Gables Homes to include in the next edition of Historic Homes of Coral Gables, a very nice video look at some of the most important homes in Coral Gables.  Coral Gables Television does some really cool episodes covering a wide variety of topics involving The City Beautiful, but my (very biased) favorite is the Historic Homes series.  One of my favorite episodes is a look at one of the homes in the Chinese Village.  If you are not familiar with the Chinese Village, check the video out here, you might be surprised with what you see.  As the owner of the house explains, “This is probably the only fully authentic Chinese Village in the entire country”.

Another one of my favorites is the third house to have a building permit ever in the history of the City of Coral Gables, and also believed to have been built or designed by George Merrick himself.  A few of the owners of the historic homes actually had their homes on the market for sale at the time of the filming, which makes great sense as a way to educate the buyer on what a unique property they can own.  If you have  a historic home that you are thinking of selling, contact me and I can help you get it posted on the show, or at the very least we can make a professional video highlighting the historic aspects of the home.

But even if you don’t have a historic home to sell, I strongly recommend checking out the Historic Homes of Coral Gables series, you can find all the episodes and many other great topics, by searching at the Coral Gables Television You Tube Channel…. http://www.youtube.com/user/coralgablestv

Here is an image of the Chinese Village just to wet your appetite…

I took this pic while riding a flying dragon!

Think and Grow Rich!

Joshua T. Reich, P.A.
Broker-Associate
“Knowledge, Professionalism, Diligence”
RE
/Max Advance Realty
305-283-4470
Josh@GreatCoralGablesHomes.com
www.GreatCoralGablesHomes.com
www.TheCoralGablesBlog.com

Published in: on July 27, 2011 at 9:02 pm  Leave a Comment