The continued trend in the single-family real estate market in Coral Gables has remained consistent for some time. The amount of active and new listings continues to decrease while demand and sales remain steady. July 2017 did see a decrease in sales but this is more than likely attributed to the typical South Florida real estate summer slowdown. These trends show that the Coral Gables real estate market is experiencing a healthy cycle and home values have continued to appreciate, though definitely not as much as 2011-2015.
Looking at the recent Coral Gables single-family sales in the month of July, the under $1 million market segment has remained very active. In this price range inventory tends to sell quicker and closer to asking price, if homes are priced correctly. Note, 919 Capri was a short sale that sold for significantly less than asking price.
If you are interested in knowing what your home is worth, reach out to one of our experienced agents at Rua Realty for a complimentary Comparative Market Analysis.