Archive for the ‘Market Snapshot’ Category

Coral Gables Market Snapshot – April 2009 – $700,000 to $1,499,999

May 15, 2009
1229 Asturia, $995,000

1229 Asturia, $995,000

The numbers are in for April! And we have some good news in this price range.

The amount of active listings in this price range continues to decline, just as we are seeing across all markets in South Florida right now. We have actually decreased 25% in the number of active listings in the MLS in this price range as compared to this time last year. That’s great news! So we are heading towards a more balanced market.

We have also had an increase in the number of pending sales this month. Compared to last year at this time, we are up 11%!

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Coral Gables Market Snapshot – April 2009 – Up to $699,999

May 12, 2009
836 Genoa Street, $549,000

836 Genoa Street, $549,000

The numbers are in for April! And we have some great news in this price range in Coral Gables.

Our inventory has been decreasing steadily over the past year, which is going to help us get back to a healthy, balanced market. Last year there were 196 active listings in this price range, and in April of this year, there were 167 active listings. That’s a decrease of 15% over last year!

The best news of all is that 31 homes pended sale last month. That’s more pending sales in this price range than we’ve had in more than a year. And it’s a 138% increase in the number of pending sales over last year! This brings great hope for May when all of these deals will close!

Coral Gables Market Snapshot – March 2009 – $700,000 to $1,499,999

May 1, 2009

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Well, the numbers are in for March! Here are our findings for Coral Gables in March 2009 on single family homes between $700,000 to $1,499,999.

There are currently 181 active listings in the MLS. There were 7 sales pending as of the end of the month, and 4 homes closed. In the past 6 months, 31 homes in this price range have sold.

At this time last year, there were 225 homes on the market, so we have seen a 19% decrease in the inventory in this price range. This is great news!

The average price per square foot of the sold homes in this price range was $231, versus $326 in March 2008. So the price per square foot of homes in this price range has dropped 29%.

All in all, it’s good news that our inventory has come down so much. And with these declining prices, it means more and more people will be buying again to help turn this market around!