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By Jon Mahler | Agent in San Francisco, CA
  • Coral Gables May Market Update

    Posted Under: Market Conditions in Coral Gables  |  May 19, 2011 8:09 AM  |  610 views  |  No comments
    Coral Gables May Market Update
    Coral Gables is a rich, vibrant city for singles, families, and retirees with its tropical climate, beautiful landscape, array of culture and magnificent homes. Fortunately for buyers, right now the median sales price is $225,000, which is incredibly low for a home in this luxurious atmosphere. Sales prices have gone down 36% in the past year, opening the market up to buyers who could never have afforded to live here before.

    Now is the perfect opportunity to get your capital together and make an investment you won’t regret. The quality of life in Coral Gables is incredible, and in the long run, your property values will reflect that. If you can snag an undervalued home now, in the next five years you stand to double your investment and sell, or get rich off the equity.

    The Miami area was one of the hardest hit by the recession, so it has taken awhile to make a comeback, but it seems things are about to turn up. With the number of sales creeping up, and average list prices rising steadily, the time is nigh to jump into the market. If you get greedy and wait too long, prices will shoot up before you know. Whenever you think prices are bottoming out, they’ve already started to pick up. So shop now, bargain hard and enjoy life in paradise!

    Browse all current Coral Gables FL homes for sale on our exclusive Coral Gables listings search.

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