Coral Gables Market Brief: Gables inventory falls below $1 Billion
Inventory is reducing in size as sales continue to hold!
Prices have decreased enough to begin to bring the real estate market back to a state of equilibrium. This will still take some time but we are certainly on our way! The current total inventory has finally fallen below $1 billion. The inventory in Coral Gables stands at 464 homes listed at approximately $999,225,074.
This year alone, Coral Gables has closed 134 sales totaling $159,267,182. This time last year there were only 87 closed sales totaling $91,693,197 . The County of Miami-Dade has closed 3,020 sales this year totaling $963,430,884
2010 home sales in Miami Dade county are outperforming 2009 sale by 17.8% so far!
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This entry was posted on Friday, May 7th, 2010 at 5:55 am and is filed under Buyers, Cocoplum, Coral Gables, Gables Estates, Gables by the Sea, Journey's End, Old Cutler Bay, Sellers, Tahiti Beach. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
