Realty Times - Coral Gables, Florida Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Florida > Coral Gables

Market Conditions Summary for Coral Gables, Florida

Reported by

Michael Sahlman
as of 1/7/2009:

31 homes and condos sold in September with sales prices that were 89% of asking price. The average sales price was $976,000 and stayed on the market for 93 days. Call 1-800-639-3520 Ext. 9069 for Free Reports on Coral Gables (our 24-hour recorded... MORE->
About Michael Sahlman

Reported by

Beatriz Portela
as of 1/4/2009:

In November 2008 there were 488 HOUSES LISTED FOR SALE compared to 554 in November of last year. The NUMBER OF HOUSES sold/under contract in November 2008 was 47 compared with 34 in November of last year. There was a 30 month inventory of houses... MORE->
About Beatriz Portela

Reported by

Shelia Ferguson, P.A. Broker-Assoc., GRI
as of 12/16/2008:

Coral Gables Single Family Homes Single family homes - inventory is down 4.4% from November 07 to 08 with closed sales up 13.3% and pending up at 59.6%. The average sales price per square foot is $650.00 with the months of inventory based on... MORE->
About Shelia Ferguson, P.A. Broker-Assoc., GRI

Reported by

Tom De Mello
as of 12/15/2008:

A buyer's market is characterized when there is an oversupply of inventory like the one that is experienced today. This mean plenty of opportunities for buyers as prices have adjusted down considerably and real sellers are motivated. Will they... MORE->
About Tom De Mello

Reported by

CARLOS GARCIA--KEYES REALTORS
as of 12/8/2008:

Coral Gables (Miami) is a unique area which is always the last one to feel the effects of an economic slowdown and the first one to exit from it. We do not have any huge employer other than government and American Airlines. We have many Mom and Pop... MORE->
About CARLOS GARCIA--KEYES REALTORS

Reported by

Blanca Stella Mejia
as of 10/25/2008:

The Miami Herald reported that sales have been up the last two months. Buyers are still having problems getting financing, but since prices have gone down to 2004 levels, those that do qualify are jumping in. Mortgage defaults which don't... MORE->
About Blanca Stella Mejia

Reported by

Maji Pace Ramos,CRS, e-PRO
as of 2/7/2008:

The Global Neighborhood International Presidential Advisory Group October 2007 The world economy is expanding, and it is doing so without solid participationfrom the U.S, where growth has stagnated at roughly 3percent. Among... MORE->
About Maji Pace Ramos,CRS, e-PRO

Average Current Market Rating: 1.6 (7 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 1.7 (7 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Florida > Coral Gables

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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