Share this page!|
Market Trends
Commentary Provided byLinda Tartak ABR CIPS CRS GRI Prices are beginning to stabilize in Coral Gables. The well priced and updated homes are selling within a reasonable time. |
|||
| Report Date | Fall 2009 | ||
| Nearest Metro Area | Miami | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $600,000 - View Graph Trend | ||
| Best Selling Price Range | $400,000 - $449,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | great properties priced to sell are getting multiple offers | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Coral Gables is | Increasing | ||
| Seller Activity for the past 90 days in Coral Gables is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Coral Gables? | No | ||
| Comments on Financing For Qualified Buyers | condo financing remains an issue | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Kendall is a real hotspot right now | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Coral Gables! | ||
| Average Sold Price | $600,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
 CONNECT WITH A LOCAL PROFESSIONAL 
Linda Tartak ABR CIPS CRS GRI
Coldwell Banker Coral Cables, Florida 305-962-5156 tartak@agents.househunt.com Agent Home Page 
Send Me New Real Estate Listings |
Get Free Monthly Newsletter | Find Coral Gables Homes for Sale | | Search Coral Gables Real Estate | |
|||
Coral Gables Local News
News for Coral Gables, FL - Thursday August 6th, 2009 4:45pm
The experts and the local real estate community believe we have hit "bottom" and the market appears to be stabilizing well. With the low interest rates and good inventory, now is a great time to buy in Coral Gables!
News for Coral Gables, FL - Thursday August 6th, 2009 4:40pm
The experts and the real estate community believe we have hit "bottom" in Coral Gables and are rebounding at this time. The market is stabilizing and properly priced homes are selling quickly if they are in good condition. At this time there are only a few foreclosures and about 35 short sales on the market in Coral Gables.
Send me an Email
305-962-5156
