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Market Update - Coral Gables Gated

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Market Update / Week 2 November 2015

Gated Communities

There are 94 properties listed for sale within gated communities in Coral Gables. During the 2nd and 3rd quarters of this year 45 houses sold, which equates to a 12.5-month supply of houses based on trailing 6-month absorption. This means that the average property will take about one year to sell. We are no longer in the “seller’s market” (as defined by a market with less than a 6-month supply of inventory) that we experienced from 2011-2014, as inventory is slowly increasing and home prices have mostly stabilized.
I hope you find the breakdown of individual neighborhood statistics to be useful to see clearly what is happening in your neighborhood. There are many factors involved in assessing the value of a luxury property, so please call me for a private consultation to determine the value of your property in today’s market.

I hope you find the breakdown of individual neighborhood statistics to be useful to see clearly what is happening in your neighborhood. Please call me for a private consultation to determine the value of your property in today’s market.

Having lived in Miami for over 30 years, and as a licensed Realtor since 2000, I know and understand neighborhoods – the lifestyles they offer and the nuances that determine property value. As one of the Top 10 Realtors at ONE Sotheby’s Int’l. Realty company-wide, my success is directly linked to the results I consistently achieve for my clients.

My business has been built on cultivating long-term relationships. Please let me know if I can be of assistance to you and your family, whether renting, buying or selling.

You can reach me directly at 305-793-4783 or Ben@BenMossGroup.com.